These days there is lots of competition between brokers. Enticing newbies with all kinds of bonuses. Do not be blinded by these kind of bonuses. Some things to look at when selecting a good broker. It is good if they are FCA regulated. Enquire about their "negative balance policies" - last year we experienced a "black swan" event, some better brokers forgave the trader negative balances, others insisted on them being paid back (you agreed that losses may exceed your initial deposit) A few big names had to close up shop after the "swiss bank fiasco" last year and after that a whole lot mushroomed up again, only to be forced to close their doors again after the next black swan. There are other things to take into consideration like spread and commission. Do a bit of research first. forexpeacearmy dot com has reviews on almost all brokers.