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Can a Forex broker go bankrupt?

Saturday, 5th September 2009

Is our money safe with forex brokers and have any of them gone bankrupt before?
 





Lea
Forex brokers as well as hedge funds do indeed go bankrupt, the only way for you to protect your money is to do your own due diligence while shopping for a broker and find out the answers to the critical information, e.g. :

* Is the broker regulated?
* What regulatory organization are they registered with and what protections does it afford you?
* Are client funds insured against fraud?
* Are client funds insured against bankruptcy?
And here is the link to give you some insight as far as what happens some times with forex brokers :
http://en.wikipedia.org/wiki/Refco
Please, "shop" for broker responsibly
Saturday, 5th September 2009

Sources:
Fxuniversity.org

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