There are many horror stories about forex broker scams. It is possible to choose a reputable forex broker, however, with a little preparation, and prevent your money from being stolen.

Well to answer this you need to consider a number of factors. First of all you are always going to find scammers, as in any other field. But having said that it is up to the trader to take the time to research and consider and evaluate what a particular broker's reputation seems to be like. Low commissions are common for many brokers but this does not mean that they are scammers. Check their history, reviews and other key aspects to ascertain who seems trustworthy ot not.