All legitimate brokers must be regulated in the country where they have operations. If you live in the United States you are better of joining a broker who is regulated by governing bodies in the United States (NFA and CFTC). Similarly, there are designated organizations in most countries. If you find a broker is not regulated in your region it's better not to open an account with them.
Note for emerging markets:
Most emerging markets and developing countries are better off joining a forex broker in one of the bigger markets such as the US and UK. These countries have strict regulations that will provide better protection for your money against potential scams.
Below you will find the major regulatory organizations by country.
|Australia||Hong Kong SAR||Switzerland|
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