1. Account types

A broker may offer different types of trading accounts with different conditions:

    Standard account is the basic account type for most clients.
    ECN account – direct access to the interbank market through the Electronic Communication Network.

Segregated accounts – client funds are kept separately from company funds.
Islamic accounts - no interest charged for carrying positions over the next day (swaps) in accordance with Shariah norms.

2. Spreads and commissions

The spread is the difference between the purchase and sale price of a currency. Commission is a fee for conducting a transaction. Conditions may include: A fixed spread is a constant value of the difference between buying and selling.
Floating spread – varies depending on market conditions. Transaction fees are a fixed amount or percentage of the transaction volume.

4. Minimum deposit

This is the minimum amount that must be deposited into the trading account to start working. The minimum deposit amount varies depending on the broker and the type of account.

5. Margin requirements

Margin is the amount of collateral required to open a position. If the margin level falls below a certain level, the broker may require additional funds (margin call).
6. Trading tools

Various brokers provide access to different currency pairs, as well as other financial instruments such as CFDs on stocks, indices, commodities and cryptocurrencies.
7. Trading platforms

The main trading platforms such as MetaTrader 4/5, cTrader, and the broker’s own developments. Mobile trading applications may also be offered.
8. Working hours

The operating time of the trading platform depends on the operating mode of the global financial markets. Some brokers may provide round-the-clock trading, including weekends.