Yep, the consumer pays while everyone who is responsible for fiascos like sub-prime are out spending their multi-million pound bonuses on the luxuries of life. There was a documentary on TV about it the other week, some of the people on it just didn't give a damn about the mess they left behind, grrrr it makes me angry.
Regards fx accounts I think we're slightly better protected in the UK but only up to 35k, but then I guess even that isn't guaranteed. That goes for all markets, not just forex.
I don't know a lot about IB as I only had a small account there for a few months but from what I've read there is a way to transfer funds between an IB SiPC insured equities trading account and an FX trading account but how/if it works exactly I'm not sure.
What a day! I'm just flat now from 8am this morning, that's 12 hours, so much for my 'short-term' strategy
Catch you later, I'm off down the pub it's free curry night!
