Questrade now self clearing, should I be worried?

[iamdom]

As of the new year Questrade is no longer using penson but is self clearing. Would that not make it easier for my money to disappear?IB is self clearing too.

 

[Cdntrader]

Quote from iamdom:

As of the new year Questrade is no longer using penson but is self clearing. Would that not make it easier for my money to disappear?IB is self clearing too.

Better to be gone from Penson. Didn't they just bk?

http://www.penson.ca/

 

[drukes1234]

If you have under SIPC/CIPF insured amounts then no.

 

[iamdom]

Thanks guys i should still have cipf.