As an experienced trader, I recommend choosing a regulated broker because regulators will go to great lengths to ensure a particular broker is fit to have regulations and licenses, which means your funds will be in good hands with those authorities if you trade with a regulated broker.
But we have to take necessary action to reduce the occurrence of losses in future. The end goal is to achieve consistency in profits and for that you have to find ways to reduce losses, Either re-work on your strategy or see what else needs to be done.
All of us incur losses, lose money. But what we have to work on is to not let those losses, take over us. If we are into forex, we have to learn to accept the fact that we cant win all the time, so be bold and take those losses boldly.
I don't think there's any catch to it. I've traded with even lower, $2 RT with fxview. I think if the broker is regulated there is no need to worry about things been fishy. Plus, to be honest, I've never used, but I've heard the broker is good.
Don’t know much about Fp, but yea if you’re looking for low spreads then check out Fxview, spreads are quite competitive with IC plus you will be paying less commissions comparatively, only $2/100k RT.