The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform investors
that the following websites do not belong to an entity which has been granted an
authorization for the provision of investment services and/or the performance of
investment activities, as provided for in Article 5 of Law 87 (I)/2017
Source: CySec
How can investors ensure that they are entrusting their funds to legitimate entities, and what steps can be taken to avoid falling victim to potential scams or fraudulent activities in the forex market?
I believe this is all covered in this lesson, Is the Forex Broker a Legit Company?
And this lesson, "Is the Forex Broker Licensed and Regulated?"
I guess reading the lessons shared by ForexGump would clearly explain everything. 
But personally, I would also recommend asking the people here about their experiences with brokers and funds. 
Adds depth to your research, I think! 