Clearly segregation of client funds has been shown to present significant risk in futures. Yet there is another level of risk that is not commonly understood. US segregation rules apply only when you are trading on US Exchanges. Once you use exchanges located in other jurisdictions you fall under a different set -- or even many different sets -- of rules even when using a US broker. And of course FX is even more of a problem. It is 10PM do you know what rules apply to you, your $$ and your open positions? My bet is 1% of those who execute on foreign exchanges do know. Do not be one of the 99%.