Yes, a forex broker can steal your money, especially when dealing with unregulated or market-maker forex brokers. While the majority of reputable and regulated forex brokers prioritize the security of their client’s funds and adhere to strict industry standards, some brokers operating in the market may engage in fraudulent practices.

Legally, there is no way for your broker to steal your money, only scam forex brokers can and will do that. If you choose a forex broker or trading platform that is regulated by a top-tier authority, your money will be in safe hands.

Read our guide to find out if forex brokers can steal your money, ways in which this can happen and how to choose a broker you can trust.

Forex is trading foreign currency in order to make money. Forex frauds come in many flavors; each promising too good to be true returns. The reality is that two out of three retail foreign exchange traders lose money each quarter.

Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.