Could some people give there thoughts on this broker pls
I was going through the legal documents and in the final section and read this
2.13. The Company’s insolvency or default, may lead to positions being liquidated or closed out without your consent.
In certain circumstances, you may not get back the actual assets which you lodged as collateral and you may have to
accept any available payments in cash.
2.14. The Company will hold your money as trustee in its bank accounts and your money will not be subject to the
protections conferred by the FSA's Client Money Rules. The Customer’s money will not be segregated from your
money and will be used in the course of the Company’s business, and in the event of the Company’s insolvency you
will rank as a general creditor.
Could anyone tell me if this is normal when signing up to any broker. I thought your depost funds would be protected in some way.