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 |
