Are your funds protected with retail fx brokers?

Selling assets or subsidiaries to come up with money to pay your debts doesn't look like a good idea to me, but that's your business after all...Regarding the balance sheet and financial statements that you're talking about here, I'd like to remind FF traders of a retail forex broker called Refco...It was publicly traded as well and it deceived its shareholders, traders and auditors hiding bad debts which eventually led to its collapse and huge losses to both shareholders and traders...So, with all due respect, I don't trust the numbers you've posted...I've got nothing against you, Jason...But I smell something fishy about FXCM.

I think that reliably the working with 10-20 proven retail brokers, than with one proven institutional broker.

http://asic.gov.au/about-asic/media-...-arrangements/

This is a major concern if a broker uses client funds who then passes to an offshore broker for execution.
It has been highlighted here by the Australian regulator that the client is at risk of no recourse in this instance.

Some retail brokers don't use client funds and the funds are fully segregated.

Its worth checking to see if your funds aren't being used.
If the retail broker cant guarantee they arent FULLY segregated then I would be concerned.

I am sure my funds are protected and safe with my broker .Because I am working with them since many years. One can judge about any broker with its dealings and transactions. My all trading is done at time and payment is also very quick and secure. So I had no fear of scam broker .

My broker is Oanda since over 10 years, never had a complaint about them

What do you think about this?

https://www.activtrades.com/index.as...ents_insurance

I think if some one is working with regulated and trusted broker , his funds are safe with them .He can enjoy best services as well as enjoy profit because broker will no cheat his clients. I am happy with my broker because I face less problems with them . What I loose or earn it is up to my ability of trading that gives me results accordingly.

Depends on if your broker and it doesn't matter whether it's a "retail" fx broker or a "bigger" fx broker, is registered with a SPECIFIC financial compensation scheme. In the UK, it's called FSCS. In Canada, it's the CIPF and in Australia it's Australian Financial Services Authority and the FOS. NOT all countries offer them and NOT all compensation schemes are created equal. But if the country offers it, the FX broker has to be registered with and is an ACTIVE member of these funds or schemes for your funds to be protected if anything happens. If at any time the broker chooses not to be a member of the fund or the scheme anymore, if anything happens, you still might not get your funds back. Just because a broker is registered with a regulatory body does NOT automatically mean you will get compensated or get your money back if something happens. You need to do more research about the broker and the country's regulatory environment to make sure.

The tricky one that I know of is the SIPC in the United States. The SIPC is the financial compensation scheme that provides investors' funds protection for clients of its member firms BUT that protection is for stock brokerages ONLY and it does NOT extend to FX brokers. FX brokers in the US can't even register or become a member of the SIPC. So even if your FX broker is registered with CFTC/NFA, the regulatory body it's NOT registered with SIPC thus your funds with a fx broker in the US is NOT protected if something happens.