Any developed country creates special institutions that are responsible for the control of brokerage companies. Often, these responsibilities may be assigned to the central bank, although there are exceptions. Independent Forex regulators of financial market participants cope with this work even better.
Forex brokers under the supervision of the regulators are obliged to complete their work according to the established rules, as their activity is constantly verified. This protects your privacy and automatically — insurance.
Regardless of whether the Forex regulator is a public institution or an independent organization, its activities are aimed to help you avoid the so-called “scam”.
However, remember that when you trade with regulated brokers, your money is insured against the failure of the dealing desk, not your own mistakes.