Tools & setup·3 min read·Updated May 03, 2026

Which broker should I use?

We don't recommend a single broker, because the right answer depends on the country you live in. Module 5 walks through what to look for.

Brokers are regulated per-country. The right broker for a learner in Australia, the UK, the US, Singapore, or India is going to be different in each case, because the local regulator imposes different rules and the available product set varies.

What to look for

Regulated by a real authority in your country (ASIC in Australia, FCA in the UK, NFA/CFTC in the US, MAS in Singapore, SEBI in India, and equivalents elsewhere). Avoid offshore brokers with no local regulation, even if their spreads look better.

Tight spreads on the major pairs you'll trade. For AUDUSD, EURUSD, GBPUSD, anything below 1 pip during the London-NY overlap is fine. Above 2 pips is expensive over time.

Reasonable minimum deposit. You don't need to fund the account with a lot to start. Most learners begin with the smallest deposit the broker accepts, then scale only after months of demo profitability.

MetaTrader 5 support, since module 5 of the curriculum teaches MT5 specifically.

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