Every Forex brokerage comes with its own features and offerings. There are three features to compare among the Forex brokers: Leverage; Commissions and Spreads; and bonuses.
Leverage is an investment tool that helps traders borrow capital from brokers to maximize an investment's potential return. Leveraged money allows traders to multiply their investment capacity and increase the rate of potential profit. There are plenty of brokers offering different levels of leverage, so do your research to choose the right leverage level for you.
Commission is a percentage of the spread paid to brokers or intermediaries for hosting the trade. Most brokers charge no commission in the retail Forex industry. Whereas, Zero-spread and ECN accounts usually have some sort of commission.
Spread is the difference between the bid and ask price. It's usually how brokers make profits if they charge no commission. Make sure you have a look at the spread charged for each account.
Forex Bonus refers to a promotional offer that gives traders either a fixed amount of money or a certain percentage upon opening an account, depositing funds, or making a predetermined number of trades, depending on the type of brokers. Forex bonuses have many advantages, including increasing trading equity and investment capital and determining a broker's quality. However, it is important to read the terms and conditions carefully before accepting any bonus offer.