What segregated client funds actually meansEighty-nine of our hundred brokers say client money is segregated. Twenty-two of them sit behind no compensation scheme at all. Those are answers to different questions, and only one of them pays you back.Broker safety
Every risk in the rest of the library is a risk you take on purpose. This one you take by default, the moment you fund an account, and almost nobody prices it.
Segregated funds, compensation schemes, clone firms, insolvency. The phrases appear on broker websites as reassurance and are rarely explained, so this section takes them apart against the record: 22 of our hundred brokers sit behind no statutory compensation scheme at all, and three are not regulated anywhere.
What segregated client funds actually meansEighty-nine of our hundred brokers say client money is segregated. Twenty-two of them sit behind no compensation scheme at all. Those are answers to different questions, and only one of them pays you back.
Forex broker scams: the patterns that workThe convincing ones do not look fake. They have a real company name, a real licence number and a working platform - all of which can be copied from a firm that genuinely holds them.
What happens if your broker goes bankruptYour money is not with a brand. It is with one specific company, in one specific country, under one specific set of rules - and which one decides almost everything about what you get back.