I trade with FXCM. They are based out of NYC. Most well known brokers allow you to trade Forex, including eTrade, ThinkorSwim, and all the other major players. FXCM is for US-based folks. IG is a very reputable European one. Ultimately, picking a broker is key in that you need to pick a reputable one. Terms and conditions are pretty homogeneous. But don't pick a broker no one's heard of, even if they offer you exceptionally low trading costs. They might not be there tomorrow, and neither will your money. I'll answer the other questions soon, in a later post. Thanks for taking the time!