Are your trading funds safe

One of the top questions you should ask yourself when trading forex is this: Are you trading through a broker that is situated in a country that requires brokers to segregate clients' funds according to the country's financial regulations? If you haven't given that a thought, now is the time to do so! Some brokers may say that they keep clients' money in segregated accounts,

but how can you ascertain that especially that particular country does not make it compulsory for brokers?

Countries such as Singapore, Canada, UK require brokers or dealers to segregate clients' accounts, so that in the event of a broker's bankruptcy, clients would be considered secured creditors and receive priority in bankruptcy proceedings.

Forex regulations in these countries are different from those in the US.

Recently, the FXCM Group announced that accounts with FXCM UK are fully segregated in accordance with UK financial regulations. The FXCM Group is offering this option through its UK affiliate because funds held by US-registered Forex Dealer Members are not segregated. If a Forex Dealer Member becomes insolvent, clients do not automatically receive priority status in bankruptcy proceedings.

For your info, FXCM UK is now accepting accounts from over 100 countries including the United States.