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Forex Brokers with Segregated Accounts

 

  • Segregated account is usually a joint bank account in which all customers’ funds are held separate from the funds of a broker. (For large investors, segregated account can be opened individually.)
  • In many countries brokers are required to maintain segregated accounts for clients.
    • It’s a protective measure to ensure clients funds are not used by brokers for operational purposes.
  • Segregated account (Clear seperation of the clients funds and the company funds) can help protect clients’ funds to some extent. The effectiveness can be limited, depending on the regulation of each country.
    • In countries that do not have proper regulation,  reputable brokers usually do not use clients’ money for their own use ,but they may still use the money under certain conditions. For example, if the broker goes bankrupt, clients’ funds may be used to pay off debt.
  • What can we do?
    • When registering a new trading account , read the Terms & Conditions in the Client Agreement form.It will usually mention the level of protection for clients’ funds.

InstaForex

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Company: InstaTrade LLC; InstaTrade Investment Company Ltd.   Warning:January 13, 2015:  French AMF published a updated list of forex brokers that offer forex trading service in France without authorisation of AMF.  InstaForex is on the list.   June 9, 2014:  The Ontario Securities Commission warned against InstaForex, because  instaforex “is not registered to engage in the business of (i) trading in securities or (ii) […] Continue Reading →

TradingBanks

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Company: Grizzly Limited Warning: This Broker is not regulated . DECEMBER 1, 2015 · Belize’s IFSC warns against unauthorized Forex broker TradingBanksWARNING NOTICE AND CEASE AND DESIST ORDER  TradingBanks It has come to the notice of the International Financial Services Commission of Belize (IFSC) that an entity calling itself“TradingBanks” claims to be a brand owned and operated by one of our […] Continue Reading →

Dukascopy Bank SA

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Company: Dukascopy Trading Technologies Corp. Note: Dukascopy Bank SA (In Switzerland) is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities dealer.   Dukascopy Europe(in Latvia) is not regulated as a bank or a securities dealer  and is not regulated by FINMA.    Continue Reading →

Plus500

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Note:  1  ‘Your capital is at risk . Before deciding to trade CFD or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.’ .2. Plus500  only offer CFD Trading service. 3 You do not own or have any rights to the underlying assets. Please consider plus500’s Disclosure documents available on their website. Company: Plus500UK […] Continue Reading →

Finexo

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Company: Safecap Investments Ltd. Note:  2015-7-2:  Cysec fined Safecap Investments Ltd €168,000 “The Cyprus Securities and Exchange Commission (the “CySEC”) would like to inform the public that, at the meetings held on the 2nd March 2015 and on the 25th May 2015, decided to impose the total administrative fines of €168.000 to CIF Safecap Investments Ltd (‘’the Company’) for […] Continue Reading →