How would you know that your broker will not file bankruptcy?
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Thread: How would you know that your broker will not file bankruptcy?

  1. #1
    Hello guys, I have a question. I'm based in usa along with also the top brokers accessible to trade FX are forex.com fxcm and oanda and mbtrading. I'd love to understand what kind of a study one can do to keep current with there brokers.

    That I have heard of PFGBest and MF Global who filed bankruptcy and a lot of account holders dropped big money.

  2. #2
    There are threads in nigeriaforextrading that talk about these brokers. This is how I discovered the broker I'm trading with right now. You may have to spend time reading through contrasting comments -- have fun!

  3. #3
    Yeah, you can seek out threads. US Forex brokers are within the authority of CFTC: http://www.cftc.gov/index.htm

    You can go to CFTC and search for the broker you are interested in. Look for the company's financials, the bigger the better. I exchange Forex (in the US) with TD Ameritrade (Think or Swim), partially because they are part of TD Bank (very large Canada-based bank), and partly because I could exchange all asset classes in precisely the same account.

    MB Trading is no longer supplying Forex, they offered that branch to Trade King.

  4. #4
    I don't think you can have 100% confidence in your broker or your bank account ....just one of those things you have to endure as a speculator

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