DislikedIf you are worried about protection you should check out dbFX which is Deutsche Bank. According to their website individual accounts are protected to over 1 Billion Euros. PER DEPSOITER! This is backed up by the German Governments' equivelent to the FDIC. There is nothing close to that kind of protection in the US.
I do not work for dbFX, nor does any family member or friend. I do not receive any kind of kickback, pay back, or any other benefit from them and am not associated with them. Just want to be clear.Ignored
This is all in good, but I have a friend (US resident) that traded with a global firm from their UK branch and the way they set up their platform gave them a license to steal.
He realized there would be little if anything he could do about it except to recover what he could because he is in the US not the UK. So it's not always about where your money is stored necessarily.
If possible it's always better to trade from your own backyard than someone elses.
This was his response to help you better understand the situation:
"They were supposed to have connected the
bridge between MT4 and ECN. What they did was rebuild the backend of the MT4
platform, and connected it to their regular platform. So the MT4 platform was just
a GUI or Graphical User Interface. The real trades were supposed to be executed on the
regular platform and monitored with a "read only" account. This gave them license to
steal, because basically they could deny any trade on your platform, and say that
it was not executed in the Interbank system. That is exactly what happened to me, and
that is why I withdrew my funds."