Morn all , GGA most don't appreciate the risks are not just with a losing trade or 2 which we all get at times but the risk is with the dam dealers . IG and CMC might be ok but who knows .
CMC had a rough patch in the U.K a few years ago and I haven't checked their financials lately.
In the USA u can check the finances of each and every futures broker on a monthly basis but that didn't stop MF and others milking the system or just plain lieing to the regulatory body like the below , pfgbest .
http://en.wikipedia.org/wiki/Peregrine_Financial_Group
But then we had MF fall over , Opus scam , storm financial , cba financial advisor fiasco
"Luckily John could afford to lose $500,000. He’s a successful financial advisor"
http://barefootinvestor.com/lost-money-trading-cfd/
I love the above closing line from that article .
CFDS , futures , forex and even shares are all dangerous goods but then so is owning a house which is subject to white ants , flood , fire ,fraud on titles , theft etc etc .
Buyer beware .
cheers g
