Broker evaluation needs to follow a specific sequence to be effective. Regulation comes first and it's non-negotiable, verify the license number directly on the official regulatory authority's public register rather than accepting the broker's own claims. After confirming genuine regulation, look at how long the company has been operating because longevity in a competitive and scrutinized industry is meaningful signal. Then examine whether client funds are held in segregated accounts at reputable banking institutions, what their withdrawal process looks like in practice based on independent user reports, and finally how their total trading costs compare for your specific intended trading style and frequency.