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?????
how safe are my funds deposited
- Thread starter jt28
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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.
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..
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..
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:
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.
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.
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.
PR department of WSD at work? Nice job!
Hey,
That was funny
, but I am not in the PR department of WSD-Financial, its just that I am using there services and I am satisfied too, so I thought that may be that information be useful for others searching for brokers..HAHA are you sure Amish??
anyway jokes apart, you guys are about how important it is to know that our capital is protected.
And dare i say in this day and age, post Lehman vanishing in this air and Citi tradeing at under a dollar even being well capitalised might not be enough.
i looked into this segregated account concept and what it basically means good broker or bad, my funds are guarenteed even if the company goes bankrupt and we have seen well capitalised companies sink!!..
I checked the WSD website..i think they are required by new zrealand regulation to have segregated accounts. cool stuff
anyway jokes apart, you guys are about how important it is to know that our capital is protected.
And dare i say in this day and age, post Lehman vanishing in this air and Citi tradeing at under a dollar even being well capitalised might not be enough.
i looked into this segregated account concept and what it basically means good broker or bad, my funds are guarenteed even if the company goes bankrupt and we have seen well capitalised companies sink!!..
I checked the WSD website..i think they are required by new zrealand regulation to have segregated accounts. cool stuff
You have to be careful when using language such as "guaranteed". Who exactly is guaranteeing your funds? Although they are safER, segregated accounts are not as safe as many people think.
For a good starter...
Hi jt28,
First of all I welcome you to the world of Forex market.But you should be carefull when u are in real trading .I started my experience with Babypips for Forex knowledge and started demo trading little with WSD-NZ.....
I learned many tips and i am implementing those tips in my real time trading with WSD-NZ.They are good for the starter.They gave good support in the begining of my trading with accurate support.Now of being familiar ,i am trading with these because my amounts are in safe zone with segregated accounts and these ppl will assest u in trading and recommand u to start broker trading with just $100 and gradually increase your capital as you gain returns.,and its MT4 platform is very flexible and simple to use.
All the best
Hi jt28,
First of all I welcome you to the world of Forex market.But you should be carefull when u are in real trading .I started my experience with Babypips for Forex knowledge and started demo trading little with WSD-NZ.....
I learned many tips and i am implementing those tips in my real time trading with WSD-NZ.They are good for the starter.They gave good support in the begining of my trading with accurate support.Now of being familiar ,i am trading with these because my amounts are in safe zone with segregated accounts and these ppl will assest u in trading and recommand u to start broker trading with just $100 and gradually increase your capital as you gain returns.,and its MT4 platform is very flexible and simple to use.
All the best
when you are geetting profit you should withdraw it regularly . You will enjoy your profit and your basic deposit will be for trading. You can trust on good broker . Your funds are sfae there . Many brokers are working from a long time do not hesitate of fear about investment.
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