Every Forex broker is different, but because you will be trading on the Forex market with any broker you choose - there are a few questions you need to have answered before signing up. All too often, people go through the entire application process with a Forex broker, only to find out that in actual fact, the services and features offered do not suit the individual trader.

To prevent yourself from falling in to this problem, take a look at the top 3 things you should ask your Forex broker before signing up, below.

There are many options when it comes to FX trading software. Brokers might have their own proprietary software, or they might use third party programs such as Metatrader. Because the trading software is the most pivotal part of the Forex trading experience, you need to ensure that you select the right application.

It's no good signing up to a new broker, only to find that the trading software is targeted at beginner users - or alternatively that you have to pay to use the more advanced version of the software.

Slippage can occur under conditions where the market is moving quickly. Essentially, it happens when the price at which your trade executes is not the same as the price that you were quoted. Obviously - this presents an issue because quoted rates should be the ones used to execute trades.

Every broker has a different policy of slippage. Some refund any losses to you, whereas others look at is as a natural downside to Forex trading. It pays to find out beforehand what your broker's policy is - especially if you are looking to trade during busy times.

It's all very well for a broker to quote spreads when they are advertising their services, however the likelihood of these advertised spreads being the real, actual spreads are somewhat low. Therefore - to get an accurate picture of how competitive your Forex broker is on price, you need to ask them what the average spreads are for particular currency pairs that you wish to trade.

Having an idea of this should better position you to account for costs further down the track. Furthermore, there won't be any nasty surprises when it comes down to placing and executing your trades.