CFTC - "Customer Funds in Segregation"

[Jason_Rogers]

It would be so easy for FXCM to remedy this situation, by simply [B]voluntarily[/B] segregating their customers’ funds — while they push the regulators to require that [B]all[/B] brokers do the same.

Hi Clint,

We already do this :57:

As a company policy, FXCM keeps client funds separate from our own operational accounts. However, no US-regulated broker is legally allowed to use the term “segregated”, because that term carries a very specific meaning under US law that gives an account holder secured creditor status in bankruptcy proceedings. That designation does not apply to forex accounts in the US under current regulations.

That’s why, if you’re a US trader, knowing the financial details of your forex broker is all the more important. :22: