Thread: Is your money safe with your broker?

I am wondering how many individuals have bigger accounts w/fx brokers and
feel comfy with that. 10k, 50k, 100k?
Are those accounts protected or safe against fraudulent refunds or the broker just taking it?

Thanks.

Small account, big account... it doesnt matter if the broker is fraudulent.
That's the reason why we have to research on brokers.
Some provide segregated accounts /or insurance

if u have these concerns, then why not try putting in just a tiny amount (up $ 1 for some brokers)... until u feel comfortable adding some more.
Nobody is obligating un to put all of your money in one/several of them.

U actually must be self-reliant.
But asking around helps too. (not the fundamental questions that can read up on your own)

If you're planning to deposit these numbers using a broker, then choose a futures broker , then your funds will be insured and you won't need to be worried.
PFGbest is just one

Should you happen to be a Canadian citizen a few brokers are covered by CIPF coverage.

Oanda Canada is one example.

CIPF covers around $1 million each person in investments against the broker going under along with your deposit has been lost from the procedure.

Can I maintain bonds instead of cash and trade against the margin. Do this prent the broker from using up my own funds.

Originally Posted by ;

If you plan to deposit these numbers with a broker, then opt for a futures broker , then your funds will be guaranteed and you will not have to be worried.
PFGbest is 1

Tell that to MF Global customers... nobody is safe

My money is secure as it gonna be, I trade with citifx pro part of citigroup and also have an account with pfgbest, this is as secure as it comes, you can also trade with admd, fcstone or set up a bank gan where your money stays in your own bank, begin at 250k

Be sure that you check is a trusted broker firm. .

Originally Posted by ;

yeah,make sure to check is a trusted broker firm. .

But how do you know?

Originally Posted by ;

my cash is secure as it gonna be, I exchange with citifx pro part of citigroup and also have an account with pfgbest, this is as secure as it comes, you could also exchange with admd, fcstone or establish a bank gan where your money stays in your bank, begin in 250k

Not everyone has 250K to begin with.