Here’s my checklist for picking a broker:
Low spreads and commissions:No matter which trading strategy you adopt, you would want to save on your trading cost. Some that I know who offer low spreads are a) pepperstone with average spread of 0.16 pips b) fxpro with average 0.45 pips c) turnkey forex with average 0.10 pips d) fp markets 0.45 pips.
However during highly volatile trading hours, the spreads with all these brokers can even go down to 0.0 pips.
Micro lots: Most brokers I mentioned above offer a smaller trade size of 0.01 lot which is ideal for beginners. You can even use leverage and observe how your trade gets affected without risking a whole lot of your capital. So that’s gonna vary with every broker.
Regulations: it is very important to use a regulated broker as you will eliminate at least the chances of getting scammed.
Good customer support: As a newbie it’s very important to use a broker that is responsive. Don’t go for one that doesn’t have a live chat option.
After this, all you need to do is make sure your broker offers the currency pairs and indicators that you like most!