It's really just not that simple though to be honest.There must be so many high up corrupt individuals that have known about this online broker fraud and benefited from it in some way! They've gotten away with it for years and years but as the complaints and public awareness has also grown I don't think it will be long before the online broker bubble bursts!!
You can't just say it's corruption or scam-behavior to own a payment company that on-boards offshore businesses (brokers).
The risks associated with trading with a 500:1 brokerage based in an offshore jurisdiction are huge and totally avoidable if you use a local, licensed broker.
The problem is there is a huge demand for people that want the highly-speculative trading instruments that have the potential for massive returns.
It will always be available to clients who choose to trade with them now because of things like Bitcoin that allow totally global and anonymous deposits/withdrawals. Eagle is a new broker I saw recently as a matter of fact and advertises just that.
Sites like FT can try to "shame" payment processors all they want, but it really doesn't do anything and the brokers can easily continue operating in offshore zones that don't regulate this type of trading, and simply accept Crypto payments as it's very easy to buy Bitcoin in 2019.
So again, if you want to be much, much safer -- just trade with a locally licensed broker in your country. Otherwise, don't complain...
Sorry, but that's the brutal truth.