Yes and No. Yes because there are some reliable online brokers while there are others who are just looking to find an opportunity to get your money. For you to avoid scammers, you need to know the company or the broker in a deeper sense. You need to check whether they have a good reputation online. You can check if they have awards, certificates of recognition and proof of registration. With this, you can avoid scammers because these people are usually fly by night. Meaning, they will set up a website today but will disappear once they already took your money.