I saw so much scam in the market. Mt4 is relatively cheap to set up. Just buy up the license from Metaquote and you can start your server.
So, always look into some big licenses to choose your broker such as FCA(UK), ASIC(AUS), CySEC. I have been working to differentiate which is which for years... This is my only reminder to you all. Spread is very minimal to your profit if you are doing mid-long term trading. Stability is king
As far as I concerned brokers play a big role, especially when we speak about new traders. They always bother about safety of their accumulations, hence they must find a fully regulated and reliable broker in order to be confident that everything will be ok with their money. It makes them more concentrated on trading activity and the won't be worrying about their deposits during trading session. I think that it's pretty hard to find such a broker when you're a rookie, nevertheless it's possible. It's enough to make some efforts and everything will be ok. This process might be quite exhausting, however it brings a lot for traders.
As someone who has done a ton of research and comparison for different brokers, I have to say that regulation doesn't always equal safety like most believe. If you look into what happened with Veracity (just for one example), you see that the clients got burned and most felt like they were secure because of the regulators. Reviews from real people is always what makes me feel more secure. Also, offshore brokers can be cheaper and usually have much more flexible leverage!
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