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Old 17th March 2009, 03:47
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Default how safe are my funds deposited

hey guys... have tried trading fx on the demo platform and am looking to start trading and make a bit of money but am conservative so am really keen to know if my funds deposited for fx trading with any broker are safe or if the company closes down then thats the end of my money?????
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Old 17th March 2009, 13:02
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Quote:
Originally Posted by jt28 View Post
hey guys... have tried trading fx on the demo platform and am looking to start trading and make a bit of money but am conservative so am really keen to know if my funds deposited for fx trading with any broker are safe or if the company closes down then thats the end of my money?????
Some companies provide segregated accounts for the traders' deposits. But in reality it's better to choose a broker that won't close down. Any serious broker is serious about your money and you can feel safe about them.
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Old 19th March 2009, 00:58
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Most brokers are regulated so I wouldn't worry too much about your funds disappearing. Just remember some brokers are easier to trade with than others & you could quickly lose your money with a bad broker.
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Old 21st March 2009, 01:02
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Hi,

I am also new to forex.

I did research for forex brokers and found one broker company called WSD.

I am trading in forex markets with the WSD company. So, I know that my money is safe as they provides segregated accounts thereby ensuring well capitalised accounts. I can trust their services as through segregate account, my money is protected even if the company gets into tough financial times.

They are accessible 24/5. They do not charge any commissions and they offer MT4 system and the other basics. They are quite experienced as they are in business since 1999. They are FX outsourcing specialist and are technically sound.

They are brokers in the field of Forex as the other brokers are, but, since I have been using their services, I am satisfied with their work.

Moreover, they are giving $1000 addition account if person deposits $10000..
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Old 21st March 2009, 06:43
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Quote:
Originally Posted by amish View Post
Hi,

I am also new to forex.

I did research for forex brokers and found one broker company called WSD.

I am trading in forex markets with the WSD company. So, I know that my money is safe as they provides segregated accounts thereby ensuring well capitalised accounts. I can trust their services as through segregate account, my money is protected even if the company gets into tough financial times.

They are accessible 24/5. They do not charge any commissions and they offer MT4 system and the other basics. They are quite experienced as they are in business since 1999. They are FX outsourcing specialist and are technically sound.

They are brokers in the field of Forex as the other brokers are, but, since I have been using their services, I am satisfied with their work.

Moreover, they are giving $1000 addition account if person deposits $10000..
PR department of WSD at work? Nice job!
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Old 21st March 2009, 10:20
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hi jt28
The question of our funds being safe is very significant.You should be aware that even with registered companies our money is at considerable risk.
Most professional traders will not advise to trading currencies even while we may have stock trading experience.Consider this:


  • We as investors should thoroughly judge our own capacity to bear risk-we should only trade with money we can afford to lose.
  • In forex trading we need to constantly mange our risk.
  • The risk factor is inseparable from this investment. The thing that makes forex interesting to traders is the possibilities of squaring huge amount of money fairly and fast.
  • Even people who have been trading for years advise not to risk more than 2 percent of our capital invested.

In forex trading out goal is not just to make profits-it is to make profits while protecting our capital.Because profits will come and go-capital is hard to replace.
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Old 21st March 2009, 12:45
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Quote:
Originally Posted by jt28 View Post
hey guys... have tried trading fx on the demo platform and am looking to start trading and make a bit of money but am conservative so am really keen to know if my funds deposited for fx trading with any broker are safe or if the company closes down then thats the end of my money?????
Before you made deposit real money, you must asking people who expert in forex, which forex company is really good, I use marketiva since 2007 and they always pay when I withdraw my profit.
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Old 21st March 2009, 14:15
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Quote:
Originally Posted by khairul6355 View Post
Before you made deposit real money, you must asking people who expert in forex, which forex company is really good, I use marketiva since 2007 and they always pay when I withdraw my profit.
I've myself traded with Marketiva since 2005 and I too can confirm that they are safe for your funds. I also believe that the majority of the Forex brokers, no matter regulated or not, if they in the business for several years and have a good reputation among the established traders, will keep your funds safe and you'll have to worry only about your real trading performance.
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Old 21st March 2009, 14:41
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Originally Posted by Enivid View Post
I've myself traded with Marketiva since 2005 and I too can confirm that they are safe for your funds. I also believe that the majority of the Forex brokers, no matter regulated or not, if they in the business for several years and have a good reputation among the established traders, will keep your funds safe and you'll have to worry only about your real trading performance.
I agree with enivid.
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Old 24th March 2009, 03:31
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There's always the risk of losing money in Forex, but if you're with a regulated, trusted broker, your chances of success increase.
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