...you must look beyond regulation. Do not think because a broker is regulated, then you are safe. Here is a quote from FXpipper "See here's the problem, when it comes to regulated brokers as opposed to unregulated ones, there's just no guarantee that you are going to get your money back. Simply put, in a few countries, the regulation in question may as well not exist, given the way they go about regulating these brokers.. I do agree that it may make sense to some, especially beginners to be wary and go for regulated brokers. But bottom line, you need to do the research, set up a nano account and after a period, make a call. In short, regulated or not, if the broker is out to scam you, he will.. " I completely agree with him and made this a new thread for all to read.