Australian (ASX) Stock Market Forum

Is your money/CFD/share holding insured?

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5 May 2007
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hello folks,

reading the small letters of Marketech:

all clients money will be pooled in a separate account and if Marketech goes bankrupts nothing is insured.
There you go and your CFD contracts are not worth the paper they`re written on, because Marketech bought the shares in their name as a hedge for your CFD contract and can sell them just like that without a penny to you.

What happens to customers with other brokers?:cool:
 
Since the topic is quite general in nature this thread has been moved to 'General Chat'.
 
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