I was going to use LCMFX because I was told by a trading group that I am in that they are regulated in New Zealand. I decided to do a little checking before I deposited my money with them and I found out that they were regulated, but in 2019 they were dropped from regulation, which really concerned me more that just being unregulated to begin with, and they are not on the list of trusted foreign brokers through Baby Pips. I have decided to go with Coinexx, even though they are unregulated, because they are on the list of trusted brokers and the people who who have been trading for years and who now use Coinexx have primarily given 5 star reviews. The other thing I really like about Coinexx is that they are an ECN broker and cannot trade against you since all the trades go through banks or liquidity providers. I find a lot value in listening to very experienced traders, rather than newer traders who lack the overall experience in the different processes of trading Forex and dealing with brokers.