Funds security at brokers

Discussion in 'Retail Brokers' started by irniger, Sep 29, 2011.

  1. irniger


    Lots of news about the domino effect of a banking crash. Question: What happens to clients funds, stocks or futures contracts at brokers?

    Thanks for enlightment. Felix
  2. Re: funds, these are lodged with the FCM and as futures accounts are not insured, everything hinges on the financial standing of the FCM.
  3. Just to add, Stocks are covered by SIPC.

    I believe there are limits to the coverage, you should clarify with your broker.