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I have made 2-3 attempts to get some info from IB on security of funds and they always point me to the web page. This is the max they have said other than pointing to the web page. Protection is on the securities side of the account and covers currencies...

I think InteractiveBrokers also insures the client funds. http://www.interactivebrokers.com/en/accounts/accountProtection.php?ib_entity=llc

Steve, Thanks for clearing the doubt.... Ok so in plain words, there are no chances where an IB forex customer can loose there money other than from his own trades, right? cheers...........

krishiyer , till 3-4 days ago I was also thinking that IB is the best, they are registered with SIPC and other insurance stuff.... but lately I came to know that for the insurance purposes forex account is treated as cash account so there is no insurrance for these accounts.... those...

thanks krishiyer. wow that's lots of work... to go there, get local address ... looks like I have to find some other alternative... Actually all I am looking for is security of funds, currently I am with Oanda, they are good but I dont trust them with more than USD 25 K. I am based...

thanks krishiyer for the info. Is hang seng account only for Hong kong residents ?

StockKJay, what is the minimum account size Citibank US wants? Minimum account at Citibank hongkong is $USD 10,000:) Dont know about the spreads but I guess funds are most secure there.

any experience with these guys, http://www.citibank.com.hk/APPS/portal/loadPage.do?tabId=investments&path=/prod/det/3_2_2_foreign_exchange_margin_trading.htm regards..