I remember some casino don't have the right to manage the player fund because the regulation force them to do that. Casino have to let third-party manage the player fund. I think it's good if a regulated broker do it. But I Know, almost brokers don't do it. They hold the trader fund.
I think a mistake easily occur in real account is you take profit too short and close trade too far. Since you're afraid of losing money so often put TP very near the market price (30-50 pips). But when the market price reverse, you increase the Stop Loss and it made you lost more...
THat doesn't mean exactly someone goes to jail, I think it's mean the important of making clear about your issue when you report it to the regulator as FSA, FSC. I think you get your money easier of at least you have someone to report about broker's their bad activities.
I remember some words:
If a regulated broker cheated you, if you cannot get your money back, at least someone will go to jail :)
Actually I think regulation broker is better than unregulated so I choosed HotForex and FxCM because they're regulated.