I understand why people feel that their funds are safer with regulated brokers, but we probably all saw what happened with Veracity markets. Regulators didn't seem to care about all the people that had their funds stuck there, despite it being regulated.mlawson71 wrote: Fri May 06, 2022 1:42 am A license from a reputable regulator provides many things - compensation schemes, position reporting, capital requirements for the broker in question, proof that the broker actually exists and has a physical address, to name a few off the top of my head. I'd rather use a broker that has all of those.
I would never trade with money I couldn't afford to lose, but I'm sure there were people that got rent money and money they really needed tied up in that whole mess.
Not saying regulation is bad, that's up to people, just don't expect to avid these problems *just* because a broker is regulated.