I am trying to find out what sort of protection a Client gets for his/ her funds in case of a US Futures broker goes out of business.
Does SIPC cover it?
I see lot of futures brokers in USA some are Introducing brokers aligned with Primer brokers who although members of exchanges are not always claim SIPC coverage!
Does being an NFA member means anything as far as this issue is concerned?
Big houses like Options Express and IB are SIPC covered BUT is it only for the equity side or Futures also?
Appreciate if anybody can help in clarification
Does SIPC cover it?
I see lot of futures brokers in USA some are Introducing brokers aligned with Primer brokers who although members of exchanges are not always claim SIPC coverage!
Does being an NFA member means anything as far as this issue is concerned?
Big houses like Options Express and IB are SIPC covered BUT is it only for the equity side or Futures also?
Appreciate if anybody can help in clarification
