Yes, but it’s crucial to determine whether your broker is a reputable, highly-regulated brokerage. Most reputable forex brokers will be overseen by a major financial regulator, such as the Financial Conduct Authority (FCA) in the U.K. Regulators aim to protect the broker’s clients by making sure the firm complies with their jurisdiction’s financial laws and regulations. You should be able to find the name of each forex broker’s regulatory authority on their respective websites – their registration number should also be listed so that you can verify the status of their regulatory approval. All of the forex brokers listed here on BrokerNotes or reviewed on our sister site ForexBrokers.com are regulated by at least one financial regulatory agency. Learn more here about how we evaluate a broker’s trustworthiness.