I recently switched one of my accounts with a broker ( from FXsolutions to Tradestation) and something very interesting happened.
It took a very long time for me to get my check so I called FXsol and asked them about the delay.
After a long time on the phone and being transferred around their departments I got the explanation that the delay was because my check was being issued by their London offices.
London? Why my money is in London if I live in the States?
I did some research about it and I found something that appears to be the reason.
As a brokers I have absolute nothing against FXsol. While I traded with them they never gave me a hard time, but after watching this video I realized that by dealing overseas FXsol was exposing my money to bigger risks.
I'm gonna call the 2 brokers I deal now and ask them where they park my money. I think you should do the same.
It took a very long time for me to get my check so I called FXsol and asked them about the delay.
After a long time on the phone and being transferred around their departments I got the explanation that the delay was because my check was being issued by their London offices.
London? Why my money is in London if I live in the States?
I did some research about it and I found something that appears to be the reason.
As a brokers I have absolute nothing against FXsol. While I traded with them they never gave me a hard time, but after watching this video I realized that by dealing overseas FXsol was exposing my money to bigger risks.
I'm gonna call the 2 brokers I deal now and ask them where they park my money. I think you should do the same.
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