How to choose the Different types of Forex Broker?

#1
Hi guys

I think I have worked this out correctly but wanted to check it before settling on my broker.

Assume all other things are equal, fund security, platform tech etc...

Broker A
Typical Spread - 1
Commission - $5 round trip (1 lot)

Broker B
Typical Spread - 0.6
Commission - $7 round trip (1 lot)

Pip value (1 lot) - $10

Broker A total cost of single trade - $15

Broker B total cost of single trade - $13

Initially, I was distracted by the lower commission rate offered by Broker A but assuming the above is correct, and all other things are the same in terms of service and platform, Broker B is the right choice.

Am I missing anything, and in terms of charges it is just spread and commission that needs to be factored in right?

Thank you
 

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