Some brokers are advertising FDIC or FSCS coverage for client funds, wanted to ask if this is applicable specifically in case of broker bankruptcy or merely for bank bankruptcy.
What I basically want to ask is that our money is safe in case the broker goes bankrupt like what occurred with PFG
Both. Broker needs to be regulated. Compensation is via FSCS. View #8594; http://www.fscs.org.uk/- The best way FSCS protects your money
FF thread could be of interest
https://www.forexsoutheast.asia/atta...7786638344.zip
UK Bank Deposits.
Answers maximum pay for both joint and individual accounts.
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