Over the past couple of years there has been a great controversy in the brokerage industry. After the 2008 financial crises and the failure MF Global and many other large institutions, one has to ask if any forex brokers are really safe? The truth is, nothing is really 100 percent safe!! The best you could do is do research on the people at the firm and also make sure the brokers is located in the jurisdiction of a major market regulator like the NFA in the USA or the EU regulators. Those governing bodies are the only ones that will take action and try to recover investor funds in the event of a bankruptcy or fraud. Also if you are a new and inexperienced trader, look for brokers that provide free seminars and educational materials to new clients. Some brokers to have extra perks and offer free forex trading courses. If you are a newbie and don't want to pay for educational materials, this is a great way to get a start in trading.
