Insurance on Capital ?

If I place my money with a Broker who is not in the Uk ( America or South Africa) is it possible to get insurance to cover loss of the Deposit if the Company steals the funds or go's into Bankruptcy?
Many thanks.

Dear Schoe:

You need to inquire directly with the brokers you are looking to do business with to see what type of insurance they offer and how much.

For example customers securities accounts at Interactive Brokers are protected up to $30 million (including up to $1 million for cash). The market value of your stocks, options, warrants, debt, and cash -- denominated in all currencies -- is covered by this insurance. Futures, options on futures, and single stock futures are not covered, but available cash will be swept from your futures account to your securities account periodically to take advantage of insurance coverage as much as possible. As with all securities firms, this insurance provides protection against failure of a broker-dealer, not against loss of market value of securities.

This protection is provided by the Securities Investor Protection Corporation (SIPC) and Lloyd’s of London insurers. SIPC provides the first $500,000 per customer (including up to $100,000 for cash). For customers who have received the full SIPC protection, the Lloyd’s policy provides up to an additional $29.5 million (including $900,000 for cash), subject to an aggregate limit of $150 million.

For more information about SIPC and answers to frequently asked questions (such as how SIPC works, what is protected, how to file a claim, etc.), please refer to the following websites:

http://www.SIPC.org
http://www.nasdr.com/sipc_protection.htm

Thanks IB I understand that a large established Company like yourself has policys in place but I was thinking more about Companies such as the following

www.marketiva.com or www.fxtrader.net