Verify the instrument range and trading conditions
Start with the broker's current contract specifications rather than marketing pages. These documents typically list each currency pair alongside details such as typical or minimum spreads, contract sizes, margin requirements, trading hours and swap arrangements. Note that advertised spreads are often indicative and can widen around news events, rollovers and thin liquidity periods. If the specifications differ between account types or regional entities, make sure you are reading the version that applies to the account you would actually open.
- Download or view the current contract specifications for the currency pairs you plan to trade.
- Check whether quoted spreads are fixed, variable or indicative, and how they behave outside normal conditions.
- Confirm minimum trade sizes, margin requirements and applicable leverage limits for your region and client category.
- Review overnight financing (swap) rates and how and when they are charged.

