Building a broker shortlist in three passes

The number of brokers can feel overwhelming. A staged approach removes most of them quickly.

Pass one: eliminate

Remove brokers not available in your country, not licensed by a regulator you trust, or not offering the products you need. This often cuts the list by more than half.

Pass two: compare

For the remainder, price the same scenario at each broker and compare platforms, funding methods and support. Save the finalists to your shortlist.

Pass three: test

Open demo accounts, send a support question and read the client agreement for the entity that will serve you. Then fund a small live account first.