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As an independent forex trader, safeguarding my capital is non-negotiable, so I always scrutinize a broker’s regulatory status before even considering opening an account. Numisma is officially listed as regulated in both the UK under the FCA and in Cyprus via CySEC, which, in theory, should provide an added layer of oversight and dispute resolution for clients like me. FCA regulation generally signals strong client protection, including segregation of client funds and access to a compensation scheme in the event of broker insolvency. However, my experience has taught me not to take regulatory claims at face value, and with Numisma I find several concerning signals despite the stated licenses. Firstly, there's the "Suspicious Scope of Business" and "High potential risk" alerts flagged for Numisma, alongside serious user allegations of withdrawal issues. This pattern of complaints—with people unable to access their funds—raises questions in my mind about how effectively regulatory safeguards are enforced in practice here. While regulation matters, it’s only meaningful if the broker adheres to those standards and if the regulator has real oversight power. For me, the essence of regulation is investor protection, transparency, and recourse in case something goes wrong. Although Numisma holds certain licenses on paper, reported experiences from users highlight apparent gaps between regulatory expectation and reality. In my judgment, this regulatory standing alone does not sufficiently alleviate my concerns about the security of my funds with this broker.