There are some criteria by which we can identify a scam broker and can stay on the safe side.It’s not a big deal if your investment amount is less than 100 dollars.
You have to consider the fact of reliability of a broker while looking out for a broker.I am saying it because many traders have become the victim of scamming and lost their capital.
Leverage and spread both are important to a trader. Spread is the food of brokers. Brokers profit from spread but when the spread is lowered, it is beneficial for traders.