Which Regulation is Used as a Benchmark?

With so many brokers available, you have a choice. Just adjust it to the funds you have and your trading style. Because there are brokers that limit certain trading systems.

If your capital is above $500, it is better to use a truly regulated broker, for example, credible regulations such as FCA UK, US NFA, or Australian ASIC.

Brokers regulated by the FCA include - Exness, FxPro, Pepperstone

Brokers regulated by NFA include - eToro, Forex.com, Interactive Brokers

Brokers regulated by ASIC include - IC Markets, FP Markets, FXOpen

Thanks

Just a local broker like PT Mahadana, its regulation is clear...(BAPPEPTI)... you can check its validity.

@ ielfreez:

For the security of your trading and funds, we recommend choosing a broker that is already regulated by a credible international regulatory body, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA.

Regulatory bodies that are credible are those that have been tested and internationally recognized, and impose strict sanctions on brokers if they are found to violate agreed-upon terms. These regulatory bodies are also responsible for the security of client funds.