You’re responsible for choosing your preferred broker, a mentor can only advise/teach you MT4 platform…
Regulations and Funds Segregation:
Regulation is one of the key things to consider when choosing a Forex Broker.
Proper regulation by a reliable government body is essential. It helps to ensure that the Brokerage Company you work with is properly capitalized in case of trading losses. It also provides you with full client funds segregation, meaning that the Brokerage’s operating and trading capital is properly segregated from client funds.
Regulatory standards may differ from one regulatory body to another in various countries, so brokers providing services in more than one country are often registered under more than one regulatory agency. On the comparison table above, you can see which Brokerage Company is listed with which regulators. This can also always be verified by checking the regulator’s website.
It is always highly recommend to select a properly regulated Forex Broker in order to benefit from the important protections mentioned above.
For my experience I have used IC markets since 2014 till now and I have had a great experience with their support and low pip spreads.