no
many are “regulated” by fake regulators paid for by the brokers they regulate
it matters WHERE and BY WHOM they’re regulated
for example, being “regulated” in Vanuatu or the Caribbean island countries is the same as being unregulated, in all the ways that matter to the customer
they’re kind of irrelevant, compared to the regulatory issue - the relative significance.importance of the rest is about 1% where regulation is 99%