We all know RefcoFX default customers' deposit. All customers' money or cash in account have been lost. What does this tragety happen? What do we learn from this bitter lesson? The following message is the research on this issue to wake you up and alert. Be aware. the critical word affecting risk of deposit on Forex is a big difference of affiliate and division. For example, RefcoFX is an affiliate of regulated entity Refco inc, not a divisoin of Refco inc. RefcoFX is an unregulated company. If RefcoFX is a division of Refco, deposit of customer is safe. Now we know that RefcoFX default to deposit of customers. Give another expample of a comany called Interactive brokers Canada. It is still in business. In its website, it said Interactive brokers Canada is an affiliate of Interactive brokers group LLC. Reality is as true as it said on the web. But its representive said in another way that Interactive brokers Canada is a division of Interactive brokers group LLC. Be careful !!! What I found is the following You can search on NFA website to get three regulated entity as following INTERACTIVE BROKERS group LLC INTERACTIVE BROKERS INC INTERACTIVE BROKERS LLC Three different ID number to assign to each of them but INTERACTIVE BROKERS INC and INTERACTIVE BROKERS LLC is a same entity. INTERACTIVE BROKERS group LLC is a parent company. Its only affilate company called INTERACTIVE BROKERS LLC which is a USA affiliate is regulated company. the other affliates are not member of NFA. INTERACTIVE BROKERS Canada is not regulated company to retail Forex business. Please post your argument on this issure. INTERACTIVE BROKERS Canada recently become a member of CIFP. The recent move gains INTERACTIVE BROKERS Canada some credibility. I feel IB canada is a small company. You know it when you see how viewer rate it. Two years ago there is almost no customer service when you call in. Now you can get customer service in a few minutes but how good is its customer service? You will taste it when you call them. But I warn you dont complain. They are improving. Remember there is no customer service two years ago ( not remeber 2 or 3 years ago exactly ) I will post any finding late.