The author of the article, in my opinion, is right only from one point of view and simply ignores the second. Yes, regulations make a broker safer, but regulated brokers cannot be flexible in offering their services. AAFX Trading offers 1:2000 leverage, which I use from time to time for profitable trades that significantly exceed my account capital. I could not have such trades if it was not for AAFX. However, no regulator from Europe will allow a broker to offer such high leverage. Moreover, I know at least 5 cases when even fully regulated brokers were scammers, so regulation is not a guarantee of security.