NFA is one thing, the rest of the world is not really affected by that! MiFid wont get involved in trading complaints (or at least that's what I am lead to believe)
How the hell will a regulation help you with slippage? A regulator is responsible to monitor the correct due diligence with money handling, NOT order execution!!
To answer your question, registration in New Zealand is cheap, no capital requirements, no client segregation required, but you do need to abide by their strict monitoring, KYC, audits, spot checks and so on. As one poster wrote, it's a ...
I agree it depends what you are looking for, if you are a loser and want bonuses, a market maker is your destination. Anything profitable, you need an ECN, STP or DMA.. To answer your question, why are there so many market makers around, its all ...
No broker without a virtual market (i.e. market makers) can offer NO SLIPPAGE, it's impossible! You need to understand the difference between the two and make your decisions. Personally, mu choice is always STP, ECN, DMA, never market makers