Is my broker / money safe - basic due diligence

[pro_fx]

Swiss Financial Market Supervisory Authority - SFMSA,
Cyprus Securities and Exchange Commission- CSEC,
Financial Services Provider - FSP.
These were also the other regulatory bodies which are stringent with the brokers quality.

 

[tar]

I could doubt this you know, for one thing regulation doesn't strictly protect the little trader, if it does why cancel hedging. Was hedging really majorly responsible for volatility, then again why sentence us to this poisonous FIFO? I know traders who have filed class actions; all they mostly get is general remarks, disclaimers and most times referring them to the financial departments of the brokers and eventually claims get ignored. Is this what you call compensation?

Being regulated is a must , however not all regulated brokers offers compensation protection for their clients if the broker went bust , it depends on the regulatory body : NFA , FCA ... etc .