Been made personally bankrupt - can I still trade?

fergusonp

Newbie
1 0
As the title suggests really, only trade very small amounts (<£1000pm capital), but want to continue to do so.

Use Plus500 at the minute, will they close my account if they search insolvency records? Or do they not look?
 

highbury fx

Well-known member
338 114
As the title suggests really, only trade very small amounts (<£1000pm capital), but want to continue to do so.

Use Plus500 at the minute, will they close my account if they search insolvency records? Or do they not look?
Hi

It won't be a problem unless you're asking your broker to provide you credit. If you're not then they won't care you've been bankrupt.
 

dianajs

Established member
533 8
Brokers generally don't care unless you actively owe them money. You losing your own money doesn't concern them.
 

progix

Well-known member
254 3
I guess none of the brokers are concerned about your current financial status, they do verify the traders' identity and allow them to start depositing and withdrawals.
 

dianajs

Established member
533 8
Brokers only care to verify your identity, they don't concern yourself with your financial state unless one is asking for credit, I assume.
 
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