Thread: Is your money safe with your broker?

Originally Posted by ;

I exchange with accentforex and quite happy with this fact. Their conditions are seems to me trading and convenient is honest.

How long can you ade with them?

Originally Posted by ;

I trade with accentforex and rather happy with this actuality. Their terms are seems to me trading and handy is honest.

accentforex are unregulated. I can not even find in which their head office is from their site or the company's name.

Do brokers provide any coverage? And if so, for all or a part of the deposit/funds. .

Originally Posted by ;

accentforex are unregulated. I can not even discover the company's name or where their head office is from their website.

Why would you believe it is a difficulty if broker is unregulated?

Originally Posted by ;

why is it that you believe that it is a difficulty if broker is unregulated?

That's usually not the issue, as you constantly have the previous variant for conflicts - the courtroom. However, if office of the business is hard to be discovered, that's strange.

Originally Posted by ;

That is usually not the problem, as you constantly have the last variant for conflicts - the court. However, if workplace of the business is difficult to be found, that's strange.

When your client agreement and TCs allows them to become shifty and escape from it. A court can't help you when you there.

Regulators not only set baseline rules to follow, but possess the legal capability to kick some butt in case a broker step out of line. They are not perfect, that's for sure, but I'll take a well controlled broker over the possibility of having to dig my heals into a losing court battle any day...

Originally Posted by ;

Not when your client agreement and TCs allows them to become shifty and get away from it. A court can't help you as soon as you there.

Which is going to be sufficient, if there'll be only some instances for the internet being filled with those negative reviews. Really what these threads are for? There we can talk about brokers and state about tricks they made.

Of course when that really is a broker who registered in 2011 somewhere in Zimbabwe without any regulation, you hardly ever should trust.

Regulation helps but it can't be the only one requirement of a trusted broker.

Originally Posted by ;

I'm wondering just how many people have bigger accounts w/fx brokers and
feel comfy with that. 10k, 50k, 100k?
Are these accounts safe or insured against fraudulent withdrawals or the broker just taking it?

Thanks.

I believe people deposit with these brokers, wellknown or not, but just like everything in life, there's always the factor of risk. So its around the trader, along with the bottom line ONLY TRADE MONEY THAT YOU CAN AFFORD TO LOSE

I dare not deposit as I'm not convinced with my lack of experience. My max is2k (not I have a lot of cash).

But the 1 thing which I thought before I started with my current broker is their trust account in which my finance is totally off their balance sheet. You can have a look at whether your broker provide trust account (that means your finance are 100% safe within your confidence even when they go bankrupt or close down). You need to pay a minute setup fee of $50 though.

And on top of that, ensure that your broker is regulated. Until you settle with one, do research.

FXPrimus are in an lightly regulated jurisdiction (Mauritius) but their third party custodian option looks very interesting:
https://www.fxprimus.com/new-forex-t...ed-fund-safety

Does anyone have any experience?