No they are not. Alaricsecurities.com is a broker. And ask alaricsecurities.com about alaric trader. Alaric trader is a group of traders(or may be one). which have a corporate account with Alaricsecurities.com. You don't even accept that you are selling
so Branmnil how about clarifying this then Money is protected once the money is properly kept in to the Bank from the broker! ( mind you that is Bulgarian bank with Bulgarian govt deposit guarantee!) but this does not mean we are protected against broker failure! Do you get the point? and I am talking about Equity Brokers dealers who are members of SIPC NOT futures brokers .
Been using Alaric for a number of years service good generally, hard to get borrows on small caps. They provide sterling trader pro and have never had any problems getting money in or out, 10x buying power over $5k. Would recommend!
I revive this thread to get more info about them. Here or in private if you feel more free to talk, please. Many thanks!