I know I can do all three, but I want to commit to a faction from a story perspective. The problem is, all of them have serious flaws. My impressions of them thus far:
Dead Orbit is seemingly the most straightforward, but I don't like the pessimistic "We can never beat them" attitude. In the long run, it would only serve to damage any sort of chance people would have. They remind me of emo teenagers. "It's not a phase Mom! I'm moving out! *Flips stupid long bangs*" Annoying.
New Monarchy really seems like they genuinely want to help, but the idea of handing over all power to one person usually doesn't work out well. Even Guardians can be corrupted. They still seem the most moderate and mentally balanced faction, though.
Future War Cult is just what it's name would imply, a cult. They're secretive and creepy. They break people's minds trying to see into the future. And their color scheme is hideous. That said, they do actually have a reason for the secrets and mind breaking, but I am not sure that's enough to justify.
Who is your Faction of choice and why did you join them?
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New monarchy, they don't take shit from anyone, and all there gear is red, which goes faster