Regulation is the only thing that guarantees clients the safety and, above all, the legitimacy of their investments. Regulators have been created by various legislative acts passed in Parliaments and such passed acts describe the duties of the regulators, jurisdiction and how they will enforce the laws and regulations of Forex trading.
The regulation is meant to protect clients as it helps build trust between them and their brokers as most clients don't have time for every investment. Without regulation, it would be too easy to steal customers' money. However, there is still the potential for fraudulent transactions as some individuals take advantage of a jurisdiction that lacks real oversight. So that you can choose a reliable broker and protect yourself from a forex scam at Global Fraud Protection you can find everything what to know about financial regulators. This will help you protect your money.