So Aryabhatta with all the investigating and knowledge you have which broker you think would pas the test any?
Care to share!
I wish there was a true Exchange with some sort of Investor protection fund for this dam FX OTC market
With out that the choice in descending order I would say is
- A hybrid broker who has Equity and Forex in one account and sweeps the cash back to Equity every night which in turn is SIPC protected ( example Interactive brokers,)
- FSA regulated
-CFTC regulated
- Sinagpore or Australia regulated
( I do not know enough about Germany Swiss and Indian regulations)
Again non of this may provide 100 % safety of fund for OTC brokers products ( other wise you will again accuse me of misleading new traders)
But the chances are
- brokers in these jurisdiction have
- High cash reserve barrier to carry out this business
- Regulatory audit process
- Better and quick insolvency laws
Some of this may help
Care to share!
I wish there was a true Exchange with some sort of Investor protection fund for this dam FX OTC market
With out that the choice in descending order I would say is
- A hybrid broker who has Equity and Forex in one account and sweeps the cash back to Equity every night which in turn is SIPC protected ( example Interactive brokers,)
- FSA regulated
-CFTC regulated
- Sinagpore or Australia regulated
( I do not know enough about Germany Swiss and Indian regulations)
Again non of this may provide 100 % safety of fund for OTC brokers products ( other wise you will again accuse me of misleading new traders)
But the chances are
- brokers in these jurisdiction have
- High cash reserve barrier to carry out this business
- Regulatory audit process
- Better and quick insolvency laws
Some of this may help
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