If you open a futures account, your broker/FCM will instruct you about the banking data necessary to fund your account. Usually the details regarding opening an accoint in USD are different vs. a funding with a foreign currency.
U.S. regulators will not allow foreign currency to be put into segregated accounts. The overseas equivalent to segregation is the CFTC ruling 30.7 â customer secured accounts.
So if a trader funds his account to trade futures in EUR, GBP, SWF, etc. with US-based broker he will be covered by the CFTC ruling 30.7.
- Anyone is able to explain me please which are the differences of safeguards and consequences between USD funded 'customer SEGREGATED account' and 'customer SECURED account' funded with a FOREIGN CURRENCY?
U.S. regulators will not allow foreign currency to be put into segregated accounts. The overseas equivalent to segregation is the CFTC ruling 30.7 â customer secured accounts.
So if a trader funds his account to trade futures in EUR, GBP, SWF, etc. with US-based broker he will be covered by the CFTC ruling 30.7.
- Anyone is able to explain me please which are the differences of safeguards and consequences between USD funded 'customer SEGREGATED account' and 'customer SECURED account' funded with a FOREIGN CURRENCY?