Broker is the platform where you invest your money to earn a huge profit. This is also a very risky place because if broker cheats you than you can lose your whole money. So do some research before choosing the broker. This is all about the money which has a huge importance in your life.
Even with regulations, unfortunately there are no guarantees. But here’s how one should do it at minimum. For large accounts, split it into three (min) different brokers for safety. Then safeguard and withdraw whenever you get significant profits. There will come a time where the total profits withdrawn is equal to the capital. Hence, now the trader is technically “risk free”. However, the most comfortable thing to do is to start small improve the trading, soon enough it becomes a large account. Hypothetically if something bad happens to the broker and money is lost, then it’s okay. It’s part of the risk and the process can be repeated anyway. =)
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The ‘big’ accounts where you have in excess of perhaps $100,000 will place your funds in a legitimate bank account and pay you interest on the funds that they hold - Interactive brokers is a perfect example where they typically pay 1.5% pa.
This is the real difference between highstreet ‘retail brokers’ and the likes of IB who are more of a commercial broker. But, each to their own.
Basically, which brokers have regulation status from transparent sources, it’s not easy to cheat with their client.
Thanks for your input @TheSpeculateur. I’ll be starting low but hopefully I get to the level of trading a large account. 
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