Unlimited Practice and demo-trading: Your online broker must provide Free Forex demo account and provide an interface for demo Forex trading so you can practice vast trading techniques with live rates and virtual money.
Pioneering User-Friendly Interface: Many Forex brokers best regulated provide the easiest trading software platform for Forex and e-mini. This platform or interface should also be able to execute trades just at the click of a button!
Live streaming News: Regular updates on the Foreign exchange market should be provided. This is very important and cannot be over emphasized.
Superb Trade Execution: All trades must be executed instantly with great precision as every second matters in Foreign exchange trade.
Web Trader: When dealing with good brokers there would be no need to download the trading platform to your computer.
Low Spreads: Forex traders should be afforded the opportunity to trade with the lowest spreads applicable e.g. as low as 2 pips spread.
Low Margin Requirement: Good Forex brokers allow their traders to Open a cheap Forex account or start trading with little capital. Opening a Forex mini account would further help you master the market properly before trading with larger sums of money. The brokers I use for example accept a minimum deposit of $50 and also give first deposit bonus of up to $1000!
Commodities Trading: The Forex platform should allow the trading of commodities such as Gold, Silver and Oil.
Community Experience: The ability to connect with fellow traders via public and private chats rooms and forums would be a plus for any online Forex broker.
Other Trading Challenges: best forex brokers allow their Forex traders to win prizes simply by trading. No entry fees should be required.