@Haliman: The IFSC (International Financial Service Comission) regulator from an offshore country, namely Belize, is still less credible compared to regulators from advanced countries such as Japan, Australia, England, Singapore, etc.
For small capital or practice trading for beginners, I think brokers from offshore countries are still quite good because the services offered are very competitive such as small spreads, no commission, leverage above 1:1000, etc. However, if you are already in the category of a profitable trader and want to develop your account, it is better to use brokers that have licenses from advanced countries, for example FXCM, Oanda, Saxo Bank, Dukascopy, etc.