If you are trying to assess, judge, and figure out what company is the best Forex broker, the important task to accomplish is defining the criteria your are going to rely on in selecting who provides the best brokerage services.
What is the Best Forex Broker – Efficiency in Analysis 
First, you have to look at efficiency in financial analysis. The best Forex brokers can study, comprehend, and analyze financial data, statistics, and Forex prices quickly and accurately. They also possess an almost unequaled understanding of buying, selling and exchanging currencies. Therefore, when judging and critiquing a broker, ask first this question, “Does the broker deliver analysis, price quotes and signals in real time?”
Which is the Best Forex Broker – Accurate Data
Of course, when deciding on who is the best Forex broker today, speed is not just the criterion to look at. There is also accuracy. Did your broker deliver correct information? It would be useless to finish tasks faster than a speeding bullet if the end analyses are incorrect because they were hastily finished. So be sure than when assessing brokers to read broker reviews to determine whether they are able to deliver accurate results and financial data to their clients.
Quality of Work
Quality of service is also of utmost importance when finding the best online Forex broker there is. Does your broker possess a wonderful sense of work ethic? Is he hard working or is he lazy? Is he ready for any of your inquiries or does he just wait for you to tell him exactly what to do? The important factor to look for here is the enthusiasm of a broker to deal with financial your trading or account problems, no matter how routine they may be to the person representing the brokerage company.
Honest to Goodness
Honesty is also a top trait to search for in determining the best Forex broker in the world today. Is your broker trustworthy? Do you find yourself worried when you give him or her your hard earned money? Is he delicate when it comes to financial dealings? Review all your past experiences with your broker and make sure that he has been honest and loyal to you the whole time. You must realize from the start that there is a difference between Forex brokers due to their business model. You cannot equate the best ECN Forex broker with the best MT4 forex broker, for example. The MT4 (MetaTrader) platform was initially designed for use by non-ECN or “market maker” type Forex brokers who often take the opposite side to their account holders’ trades to add liquidity to the trading. This is inherently a conflict of interest as they trade against their own clients. An ECN or Forex no dealing desk broker, on the other hand, does not take the opposite side of the trade but settles the order execution through the competitive bid and ask process with other individuals, companies and large financial institutions taking their clients’ trades.
Online Reviews
One good tip to subscribe to is to read the many online best Forex broker reviews at various websites such as ForexPeaceArmy.com. Find out what other people think of your broker. Look for consistency—your broker should be able to perform well during both the slow periods of trading, such as trading during the Australian exchange hours, but also when the major exchanges are open and during news announcements.
Heavy on Experience
Finally, in determining the best Forex trading broker, be sure that you look at the amount of experience they have in trading and data gathering. How long has the company been in business? How much capital do they hold in reserve to protect account holders? What organizations monitor compliance with regulations? One place to start is by visiting the National Futures Association website and searching by firm name to find critical information to help you make your decision.