Broker!

[forexxx]

Hey folks,

Just a quick question. If your forex broker goes bankrupt, what happens to our accounts? Are we guaranteed to get our investments back intact?

[frang0nve]

No, in most cases the answer is no.


Cheers

Francisco

[bredin]

some brokers use a bank guarantee instead of a deposit. In that case your money is safe since its still in your bank.

But for the most part money placed with a broker is unsecured, although Im sure that insurance against broker bankruptcy is available.

Is your broker going belly up?

G.

[forexxx]

From what I can gather the bank which backs the broker is goin under. Even if the insurance is there, it could be a while before you can get ur cash out. I'm goin to another ECN.

[Tresor]

google ''segregated accounts'' - your funds will not be kept in the broker's account but in a bank