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Client fund security/ rguletd FX

Discussion in 'General Forex Talk' started by moksha, Jun 18, 2010.

  1. moksha

    moksha Recruit

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    When i read the stories about scams I wonder why on earth people even consider trading with brokers who are
    1) Not regulated or 20 Regulated in a jurisdiction which is not likely to be as reputable as US/UK/ Australia or say Singapore etc?
    For example in Australia the govt regulator has a habit of prosecuting people who try and run unlicensed financial business.
    Simple test would be to ask a question" Are clients funds held in a segregated account
     
  2. moksha

    moksha Recruit

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    Australian broker collapse

    Hello
    Bad news for almost 3000 clients of an supposed to be reputable Australian broker Sonray capital market ( a white label partner of Saxo) gone out of business.
    Broker Sonray collapse hits 3000 clients
    Accordingly to ASIC rules the clients funds ares supposed to be protected!

    Are there any clients of Sonray on this forum?
    Please contact me
    MJ
     
  3. John Vincent

    John Vincent Recruit

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    I have been victimised by Sonray, how does one contact you and for what reason? JV
     
  4. moksha

    moksha Recruit

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