Pharaoh
Brigadier General
- Messages
- 20,308
If the broker has segregated client money into accounts with a bank or just keeps all client funds in a big account at a bank and the bank goes under, then the broker could reasonably point to the bank and say "we can't pay you because the money is gone".
If the broker accepts money via PayPal, LR, WM, MB, etc. and you deposit a few days before something bad happens to the ecurrency company, I'd consider "we can't pay you because the money is gone" to be reasonable. On the other hand, no legit broker would keep more cash in an ecurrency account than what might be needed to handle average daily withdrawals, so if you deposited more than a few days ago, all of your cash should have been moved into a proper bank account and the broker has no excuse.
If the broker accepts money via PayPal, LR, WM, MB, etc. and you deposit a few days before something bad happens to the ecurrency company, I'd consider "we can't pay you because the money is gone" to be reasonable. On the other hand, no legit broker would keep more cash in an ecurrency account than what might be needed to handle average daily withdrawals, so if you deposited more than a few days ago, all of your cash should have been moved into a proper bank account and the broker has no excuse.
