There are some scam brokers exist in the forex market and there are many legit brokers as well. I'm currently trading with FXCM which is one of a largest forex broker in the world.
Do not invest money without any understanding or proper practice about the forex market. FOREX trading is fairly easy all you need is practice and experience.
FOREX trading is a scam. Well, for 99.47% of people it is a scam. Seventy-five percent of all investors lose nearly their entire stake in just a few months. The problem is that the company sets the exchange rate, not the open market. Also, if you buy on margin (required for almost everyone) the company can force sale of your shares for a margin call when a currency falls a tiny amount, thereby not letting you survive normal fluctuations. Stay away. You'll have better luck at the roulette wheel, which isn't saying much.
http://www.latimes.com/business/la-fi-am...
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Why yes, yes they have indeed! The retail forex brokers themselves have made a FORTUNE...
I have been trading forex for sometime and I read in the internet that these forex brokers are scam, they steal your money. I have not made one penny from my broker hotforex. I am wondering if anyone in this world made "real" money through forex brokers? and I don't mean millions, I mean just thousands or to make living.