Where is the safe harbour due to world economic crises?
Good day,
I am new a new member in this forum but not in online trading business. I am glad to join this forum and I hope I could contribute with my postings to bring value and useful information to this forum community.
Therefore I have a general question for the forum community due to the ongoing banking and economic crises. I think it might be interesting for the forex community to receive helpful information on the following issue.
Do you know how secure our trading accounts are?
I am wondering if the online trading community knows how secure the trading accounts with their brokers are. In a period where big banks like Lehman Brothers collapses, what happened with my money with my online broker?
Companies like GFT - FXCM – Saxobank – AC Markets – WSD Financial – Forex Trading – iForex – etc… what are the guarantees they offer to secure the deposits their customers have with them. Online trading is more and more becoming a huge market where people invest huge amounts of money to trade them or into managed accounts.
What happened with the deposits when one of these companies fails?
Are their deposit insurances implicated which guarantees the deposits made with this kind of accounts too, in the same way like the deposits on my bank account?
I hope that all the members of this community will contribute with interesting postings to give valuable information to the rest of the members and share their knowledge and experiences with us. Because I believe to have our money in a safe harbour is important for all of us.
Thank you in advance for your contribution.