What should I pay attention to when choosing a forex broker?

When selecting a forex broker, it's crucial to consider several factors. Start with the broker's regulation status; a well-regulated broker can offer you more security. Look for competitive spreads and fees, as these can significantly impact your trading profits. Additionally, examine the trading platform they provide—user-friendly software can enhance your trading experience. Customer support is another important aspect; you want to ensure assistance is available when needed. Lastly, if you're serious about trading, think about building a Forex portfolio that diversifies your investments across various currency pairs to manage risks better.