I am not from US , I am in Australia and although we have good Corporate governance There is no protection for Client money Safety if a OTC market provider ( FX is not exchange traded) the broker goes out of business.
SO I am actually want to find out which jurisdiction is best for
1) Client money safety
2) Still allows hedging?
Any suggestions?
UK has FSA insurance but when I inquired the FCCS ( the insurance arm) kept saying that the "Product" has to be a approved product!
Sounds like it only applies if you are trading with a UK broker for UK Exchange Traded Product not FX!
SO I am actually want to find out which jurisdiction is best for
1) Client money safety
2) Still allows hedging?
Any suggestions?
UK has FSA insurance but when I inquired the FCCS ( the insurance arm) kept saying that the "Product" has to be a approved product!
Sounds like it only applies if you are trading with a UK broker for UK Exchange Traded Product not FX!