Here is an updated terms of service agreement I just got from FXCM. Title, i.e. ownership in all money you deposit will be transferred to FXCM. Client money will no longer be segregated from FXCM money, and, in the case of an FXCM bankruptcy or insolvency, you will be treated as a general creditor. If your account is inactive for a period of six years, your money will no longer be considered "client money." Sounds like a Refco deal waiting to happen. When will the CFTC really step up to protect futures/forex traders by having customers of member firms treated as depositors rather than as general creditors.