Nobody wants to think it will happen to them, but this happens all the time: Forex brokers go bankrupt and/or shut down unexpectedly. And when they do, forex traders often don't recover their account balances, or only recover part of them. In any event, it takes a long time and it is a painful process.
With yet a new forex broker bankruptcy looming, I though it would be good to dust off a few examples so that the new traders out there know this risk is real:
With yet a new forex broker bankruptcy looming, I though it would be good to dust off a few examples so that the new traders out there know this risk is real:
- SkyFX is the latest
- Alpari UK last year
- Excel Markets last year
A risk you should be aware of when choosing your forex broker.
