Forex Security of Funds
Jun 03, 2018 at 06:43
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2 Replies
Jun 03, 2018 at 06:43
In which countries funds in forex trading accounts are insured by the government?
For example in the US:
'Futures and Forex accounts are offered to self-directed investors and are NOT protected by the Securities Investor Protection Corp. (SIPC) or Federal Deposit Insurance Corp. (FDIC)'
For example in the US:
'Futures and Forex accounts are offered to self-directed investors and are NOT protected by the Securities Investor Protection Corp. (SIPC) or Federal Deposit Insurance Corp. (FDIC)'
Jun 04, 2018 at 06:01
Member Since Aug 17, 2021
94 posts
Nov 13, 2021 at 08:07
Segregation of money is required of FCA-authorized payment institutions. This keeps your money separate from your broker's, ensuring that if a forex broker goes bankrupt, your funds are safe in a segregated account (known as a 'safeguarding account').
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