- forex brokers are (mostly were) shady because forex (since mainstream deregulation in the 90's) is a "gold rush" and brokers are selling the shovels - forex

- forex brokers are (mostly were) shady because forex (since mainstream deregulation in the 90's) is a "gold rush" and brokers are selling the shovels - forex is a speculative asset for traders and a hedge/insurance for companies that manage investiments between differents countries.