I am currently with IC Markets who are Australian based and therefore do not offer any investor protection should they ‘go bust’. As my account approaches 6 figures I worry that if they were to fail I would lose my entire account. What is the likelihood of a broker like IC Markets failing and is it worth changing to a UK based broker where the FCA offer investor protection? IC Markets have been great for me and I benefit from the high leverage they offer as opposed to the lower leveraged UK based brokers.
Thanks in advance!