I think having a regulated broker really matters. It does not actually matter if they got office at here or not. The most important thing is that it is regulated properly by relevant parties. And the broker should have a segregated account for the client money. Not mixed it up with the broker company money. That is what matter most when the company winds up. Just like during the previous SNB peg crisis. Having a segregated account ensure that your money is not mixed up with broker money and the broker bankrupt have nothing to do with your account. That mean you can still get the money back even though the account is locked for some time. Lucky my broker did not went broke. But a great deal of lesson learn when monitoring the crisis. The most important is having a segregated account and regulated properly. Having said that, all the greedy people that got scammed should learn their lesson as well.