Get an EA if you don't have one. Open a demo account and a live account with the broker. Run your EA on both demo and live account. The wider the result difference of your EA when trading on demo and live account, the worst is the broker. There are many trickery brokers have up their sleeves to drain your money. You don't have to know them in details. Just look at the overall trading result between demo and live account will suffice. Simple and easy way to evaluate broker because money don't lie. If broker don't have demo account, strike them off your list.
Tips for Selecting a Broker
Selecting the right broker is one of the first and most important decisions a trader has to go through. There are hundreds of brokers out there, and making the best choice is not always so easy. One needs to consider several parameters and the selection process becomes a non-trivial task. As a result, there are also numerous articles that highlight what you should be aware of during the selection. In this article, I try to avoid repeating what has already been written and just add my personal tips to this process. Check Regulation The first advice you will get when looking for a broker is to check the regulation. I ... (full story)