Search results

Personally I believe MF Global is not the first one and not the only one. Some brokers must have done it before, but they are stilling hiding in the shadow and have not been exposed yet unless they face bankruptcy or serious financial problems.

If your money in the sg account is stolen, what's the point of it?

Exactly. I wonder can I open a fx account in some bank? That should be relatively safer compared with opening an account in the ordinary brokers. I heard that Dukascopy and MIG have good reputation, all swiss banks... But they only comply with the swiss financial regulation instead of NFA or FSA...

Just wonder if what you said is true, then how could MF Global use its clients money to back its own trading?

Sarcastically speaking, MF Global is a registered member of NFA(US)/FSA(UK), probably it's no different from any other brokers that we are using right now.

5

Regarding FSA, I have written en email to FSA and got the answer below: Dear Mr xxx Thank you for your E mail about protection for investments involving FOREX companies under the Financial Services Compensation Scheme (FSCS). I have been liaising with our legal department. The...

Hi everyone, I am a new guy. Can anybody tell me what does a segregated account mean? Can it ensure that my money is safe?I have 6 digits money in my account. If the same thing happened on MF Global happened on my broker, say, bankruptcy or out of business ,whatever, will my money still be...

+1

funny guy you are. But you reply also sounds sarcastic.

BOJ intervened in the market today.

Yeah. Somehow I got the same feeling too. Last weeks rally was out of my expectation.

GL with that. I started to short last Friday.