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Are Your Funds Safe? NFA to Shut down small forex fcms
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06-04-2009, 09:11 PM
Sweet Pip
FX-Men Honorary Member
Join Date: Nov 2007
Location: BC, Canada
Posts: 1,335
Quote:
Originally Posted by
wrtm_19
I talked to one of their representatives today and he did not know what to anwer, I guess he didn't see that question coming. He told me that maybe, and just maybe, many of FXCM customers are switching their accounts to their UK office because of the recent hedge restrictions and because of the money protection they have in the UK according to their regulatory institutions.
Even if that were so, the UK office portion is still included in the overall financial statements that are released...just an internal shuffle on the 'ol balance statement.
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