Though it is technically possible, it is exceedingly rare for traders to recover funds once they’ve been scammed by a fraudulent forex broker. If you are the victim of a forex scam, recovery will depend on a number of factors unique to your situation (such as your location and your country’s regulatory body) and the circumstances of the potential scam broker (such as the alleged scammer’s location and any applicable laws and regulations). In all cases, you should try to explore all available options for retrieving your money before pursuing potentially costly legal action.