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As an experienced trader, my first step when evaluating any broker is always to verify its regulatory status, especially given the industry's risks. For YM Securities, I found that it is indeed regulated; specifically, it operates under the oversight of Japan’s Financial Services Agency (FSA). The FSA is recognized for enforcing strict standards, which contributes to a safer trading environment compared to jurisdictions with looser oversight. The company’s registration number is clear, providing an additional layer of transparency. However, while regulation by a major authority like the FSA is reassuring and signals that YM Securities has met certain legal and operational requirements, I maintain a cautious stance. Regulation reduces—but does not eliminate—all potential risks, and it is never a substitute for personal due diligence. I always consider the scope of products offered and carefully review the fee structure, both of which can impact the actual user experience and cost. Ultimately, for me, proper regulation is a strong starting point, but it's only one part of a much bigger due diligence process.