- FDIC (Federal Deposit Insurance Corporation)
- FSA (United Kingdom Financial Services Authority)
1. What is the main differences between them? (Except that FDIC is for US and FSA is UK..)
2. If my broker is telling me that the bank they work with is FSA insured and my account balance is not over the FSA limit, Can I be 100% sure that my money is safe?
3. Same question for brokers that their bank is FDIC insured.
4. Some brokers are saying, "Forex trading account's are never FDIC or FSA insured, Only equities account's are. But your money is safe with us, Cause if we will go down, Your money is safe because we have it in a segregates account". Is this true or false?
Thanks.