I'm with Oanda currently - who bank with JP Morgan. To say the least I'm concerned and would like to move my account to a bank that is as safe as possible.
Any ideas gratefully received!
Any ideas gratefully received!
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DislikedYou shouldn't really be concerned with the safety of funds at JPM, as they're in the 'too big to fail' camp of essentially US gov't insured banks. If you'd like to take extra precaution, you're best off trading via a UK-domiciled, FSA regulated broker, where your funds will be segregated. Find one that banks with RBS and your funds are protected by the UK gov't/taxpayer, by way of the UK gov't/taxpayer owning 80% of RBS.Ignored
DislikedAll of the Australian brokers have to keep there client funds in a separate account as required by ASIC (make sure they are ASIC registered, will say on the front page of their website). If the broker goes into administration, client accounts cannot be touched and have to be paid out before any creditors.Ignored
DislikedYou shouldn't really be concerned with the safety of funds at JPM, as they're in the 'too big to fail' camp of essentially US gov't insured banks. If you'd like to take extra precaution, you're best off trading via a UK-domiciled, FSA regulated broker, where your funds will be segregated. Find one that banks with RBS and your funds are protected by the UK gov't/taxpayer, by way of the UK gov't/taxpayer owning 80% of RBS.Ignored
DislikedI'm with Oanda currently - who bank with JP Morgan. To say the least I'm concerned and would like to move my account to a bank that is as safe as possible. Any ideas gratefully received!Ignored
DislikedForex.com (Gain Capital) "Safety of customer deposits All customer deposits are kept separate from our own operating funds and distributed across a global network of custodian banks. Every bank we use holds an investment-grade rating and is monitored as per the guidelines set by the Risk Committee of GAIN‘s Board of Directors." http://www.forex.com/financial-stren...-security.htmlIgnored
DislikedForex.com (Gain Capital) "Safety of customer deposits All customer deposits are kept separate from our own operating funds and distributed across a global network of custodian banks. Every bank we use holds an investment-grade rating and is monitored as per the guidelines set by the Risk Committee of GAIN‘s Board of Directors." http://www.forex.com/financial-stren...-security.htmlIgnored