you have zero clue and completely blind on how broker works in...

you have zero clue and completely blind on how broker works in Australia.

just to educate yourself read where do these company park their clients fund ? Do they send it to bank of china in china or JP Morgan in Australia or ANZ or CBA.

You are arguing like an idiot only using "foreign" word without even understanding or willingness to understand how and where these broker open your account.

You also have no clue to understand that US government would have banned all these brokers long ago if they were acting the way you saying. You got penny pinchig traders on ASX while US got much bigger trading accounts.

last one a hardware can easily remotely controlled as long as you got internet connection to the device so if china really wanted to take and run away with your money then they can do it using your phone and laptop but that is not what they doing so stop fear mongering and living in dark cave !