I have an account with Ironbeam and am looking to open another one for diversification/different strategy etc. I am hesitating between Phillip Capital and Dorman Trading. Is Ironbeam somehow financially dependent on Phillip Capital? I have read in their disclosure document that as a non-clearing FCM they maintain a clearing firm/carrying broker relationship with Phillip Capital. What could it mean exactly? I do not want to have a false sense of security for my funds if Ironbeam and Phillip Capital are in fact the same "basket". Is Dorman a reliable FCM? Family-owned I suppose, which might be a good thing when it comes to the risk of potential defraudation.