spread

5. Spread

Spread is the difference of sale price and purchase price. It varies from 0-6. A good broker has always a reasonable spread and is not charging any hidden spread during the transactions.
I must say spread is one of the most important things as we have to sell whatever we buy and lesser the spread is the more we can earn.

6. Market prediction

A broker must keep its clients aware of the trends in market what are upcoming variations and what is market up to. He must let his client know all the things about market, current affairs, international issues etc. He must update the client on day to day basis.

7. Forex Hedge

It is tool which a trader can use and minimize the odds of loss. Its details are not so important here as there are number of brokers who don’t allow hedge. However it is one of the good features of a broker that it allows its clients to use Forex hedge.