Where is the safe harbour due to world financial and economic crises?

I got the information today that WSD-NZ.COM will "go public" on the NZ Exchange on Nov. 25th, 2008

Maybe this is a good indicator for those who are uncertain which broker to choose in this global financial crises.

And how does going public protect you in any way? There's no depositor or investor insurance created in the act of "going public."

Hi Rabid,

that's right - but I think the fact that they are "going public" speaks for itself in this critical world economic situation. I think by undertaking this step WSD must be in a good financial situation and very confident for its future development.

I believe this could also be considered as a kind of "insurance"

Really? Because the stats on IPOs are quite bad, actually. And now is a very bad time to go IPO. The fact that their management has chosen now... is, frankly, a negative in my book. Who's handling their debut?

They are a white lable for SAXO, it's so obvious!!

ROFL... I'm not that cynical I guess, but it does sound that way.

Dear Rabid

They will be listed during next week on the New Zealand Stock Exchange - nobody said anything about "IPO" my friend.

You should read before making stupid comments.

And you should stop posting links to Bucket Shops.

It just to let the community know what's going on outside of the US brokerage market. Maybe their are reliable alternatives to US based brokers. :-)

This thread is so far past it's prime... lol. I was hoping to let it die. Maybe I still should. No self control sometimes... laff.

You said "going public." Going public means IPO. Being listed is just that, there's specific terminology that means specific things. In an effort to communicate we try to use words with meanings that are common, lest we make matters harder to understand.

As for being listed, that offers absolutely no security either. There are numerous companies listed that are not financially stable. Anyone remember Lehman brother's? laff... they were listed. Not exactly a seal of approval.

Of course there are, but unknown companies little to no track record are not good, nor reliable, alternatives. Deutsche bank, yes, Royal Bank of Scotland, probably not. Saxo bank? Never really heard of them. Those other guys? Who the heck knows.

If you're going to trust your money to someone, do your homework first. Don't trust other people to do it for you. Especially don't trust random people on the internet w/ unknown financial interests.

Dear Rabid,

How to Go Public in the U.S. Most people equate "going public" with the celebrated "IPO" that transforms struggling entrepreneurs into multi-millionaires — overnight! But in reality, IPO is only one of five possible routes to Wall Street, and may not be the best route for you. Consider carefully each of the alternatives.

http://www.gopublicusa.com/goingpublic.htm

I hope you could learn something lol

Merry Christmas and a Happy New Year to all

You are right Rabid everybody should do his HOMEWORK first, but I thought threads like this one should help people to find new reliable market participants and useful and verifiable information where to invest in but maybe I am wrong ...

you seem to be the specialist in this field of activity (financial business).

I for my part, I would like to share information and experiences with other participants from this forum and how they are going to use them is their own problem. In my opinion people should have an outlook beyond the borders to make up their mind.

What do you think about it Rabid?

According to IB this is exactly the reason why all client funds - even those of clients of other branches - are kept with and managed exclusively by the US based LLC, in order to include them in the SIPC/Lloyd protection.

While this seems to be a good idea, do you think it would really work?

Hi,

I just found the following REUTERS.COM link concerning WSD Global Markets

Just to take a look at.

Bye

I think New Zealand is still the safest harbour for FOREX - Futures - Options - CFD's online trading because it seems that these guys from WSD are doing pretty well if we could trust what we could read in the web about them.