Another factor to consider is the reputation of the broker in the industry. Look for a broker with a good track record and positive feedback from other traders. It is also a good idea to explore forums and social media to find out what other traders are saying about the broker.
Overall, choosing a reliable forex broker requires research and consideration of many factors. By paying special attention to regulation, reputation, MT4 compatibility , which you can read about here, and customer service, you can increase your chances of finding a broker that meets your requirements and can help you achieve your trading goals.