A newbie broker can have support issues, technical difficulties, and high spreads until their client's trading volume increases.
Be sure to choose a broker with at least 10 years of experience.
Some brokers are not regulated
by any recognized commission,
so they can set their own trading conditions without consequences.
Check to see if the broker holds at least one regulatory license.
A small broker might outsource their technical development. This can lead to delays when resolving issues and limited functionality.
Choose a broker that has its own established IT department.
Some brokers have a very limited online footprint. If they don't have
a reputation, motivation to protect their brand may be lacking.
Make sure your broker has
a physical address, real employees, a history on social media, and respectable branding.
What to look for in a broker