I think the bottom line is that you're on your own in judging a broker. If you feel safe with a company that has a lot of capital, go with FXCM. They have nothing to offer me, but that's a personal choice.

The only meaningful change the NFA (or whoever) could impose would be if the accounts of forex traders would not count as assets in case of bankruptcy. We all remember Refco: the futures traders were fine, the forex traders were screwed.

I also feel that rules and regulations have to be meaningful and I have my doubts about the NFA in that regard. Wait until they feel they need to have a say about anything and anyone concerning forex; soon you will not be able to post a chart without a disclaimer.