Quoting mrmikalDislikedHonestly, I think I don't think I could leave more than $300,000 with any forex broker. Not until there is some insurance there...know what I mean?
How much would it suck to have a $999,999 and the moment you make that last buck, they pack up and close shop??
Eesh...the thought is absolutely horrifying...all that work and they go Refco.
I definitely admire the dream, but if I were trying to pull in a mil from forex, I'd be consistently taking out funds after I reached critical mass (maximum trade size of $10,000,000)...at that point, if I only had $100,000 at FXSol but $899,999 in a savings account (or multiple saving accounts), I wouldn't feel as horrified because my "lock in" would be considerably more than my risk (which is what I actually consider the money in my account).
Good luck on that though.Ignored
I know what you mean. I'm sure this will become more of a topic once the account grows to that size. I'll definitely be wanting to visit the place, speaking to someone important and be told why my money is safe. I'll give 'mad props' to FXSOL if this works out seemlessly.