Are segregated customer accounts insured?

Discussion in 'Professional Trading' started by kxvid, Feb 15, 2009.

  1. kxvid


    I have some money at BAC in a futures account. Since it is in a segregated customer account, does anybody know if it is FDIC insured up to 250,000? It is the only money I have at BAC, if nobody knows I will contact my broker and report back.
  2. m22au


    I'm not an expert, however I believe that it is NOT insured, because it's in a futures account.

    If it was in a BAC bank account, then it would be insured.

    Having said that, I doubt that the US govt would let BAC customers lose any of their money.

  3. Daal


    BAC? dont worry, your money is as good as treasuries :p