a_gnome
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I use IB for my forex trading: I like their platform & the tight spreads. However it's been pointed out to be that IB, along with many other brokerages, indulge in re-hypothecation (lending on of client assets) often multiple times. This means that should things all go pear-shaped it's not at all clear that your money would in fact be safe.
Here are a couple of links:
MF Global and the great Wall St re-hypothecation scandal
The Denials Begin: Interactive Brokers Is First To Claim It Has Not Engaged In Commingling Rehypothecation | ZeroHedge
Should I be worried? I've got a fair chunk of money in my IB account but am now considering moving it. I'd be keen to hear what others think.
Gnome
Here are a couple of links:
MF Global and the great Wall St re-hypothecation scandal
The Denials Begin: Interactive Brokers Is First To Claim It Has Not Engaged In Commingling Rehypothecation | ZeroHedge
Should I be worried? I've got a fair chunk of money in my IB account but am now considering moving it. I'd be keen to hear what others think.
Gnome
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