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 multiple brokers, and see which one is best for you.
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.
Most Popular Forex Brokers
United States Regulated Brokers
Forex.com is a Forex and Futures broker that is registered with the CFTC and a member of NFA, see here. They offer a robust web trader platform, along with MT4 and a desktop trading software.
You should try out their Free Demo Account, signup here.
Australian Licensed Brokers
PepperStone is a very popular broker that is licensed by ASIC. They offer a variety of unique trading platforms, see here.
Special Offer: Receive up to 70,000 Qantas Points Free, more details.
Plus500 is an established CFD provider that many Australians use, look here.
Try their Free Demo Account, or start a live trading account with only $100, see more at: Plus500.com.
*CFD Service, 80.6% lose money
South Africa FSB Regulated
CM Trading is licensed by the FSB in South Africa, making them a popular choice, see here. They offer the Sirix and CopyKat trading platforms, read more at: CMTrading.com.