Is Forex a scam?

Foreign exchange (forex) is simply exchanging one currency for another, similar to what you would do when going abroad but just on a much larger scale.

While foreign exchange (forex) investing is not a scam, plenty of scams have been associated with trading forex. Regulators have put protections in place over the years and the market has improved significantly, making such scams increasingly rare.

Unfortunately, scams have been a big problem historically, faced by everyone in the forex industry. As with any new industry, plenty of predators exist out there, looking to take advantage of newcomers.