Below are reviews of hundreds of CFD & Forex brokers, and although not all brokers are a scam, many are scam brokers!
The best Forex brokers are licensed and regulated. Signup at 3 of the brokers, and see which is best.
Your local government (no matter where you live) has a licensing agency for Forex brokers, and it is important to choose a broker that is licensed. You should read this detailed article about Forex Investing Scams.
If you are interested in Automated Trading Software, read this article.
The Most Popular Forex Brokers
Australia Licensed Brokers
AVAtrade is the largest & most popular Forex broker in the world, since they are licensed in Ireland, Japan, South Africa and Australia, see here. They offer a nice suite of automated trading software.
Try a free demo account: signup here.
PepperStone is a very popular broker that is licensed by ASIC. They have a nice variety of trading platforms, making them a popular broker, see here. Special Offer: Get 10,000 Qantas Points, when your deposit $1,000 into your account, see offer details.
Europe Licensed Brokers