Why we should use regulated broker.

What is the different between regulated and non regulated broker.

 

One is a liar and a thief & the other one is a liar and a thief.

 

I like t your answer.

 

Non-regulated brokers still don't follow the 25k rules correct? My assumption is they're not insured?

Anyone know of any that still exist? I thought most remained overseas.

 

Non regulated = Can walk off with your money and they have no rules
Regulated = Lots of rules, fund segregation and peace of mind

 

lol...yeah Refco was segregated...Everybody lost their money to the creditors...

 

No, Refco FX was not - it was offshore (as opposed to their futures business).

 

I think ElectricSavant is right non of them give you money back if they go Bankruptcy