Posted by andy118 > 2012-07-19 15:51 | Report Abuse

We are busy thinking how to make money but do we give a thought to whether our funds are actually with them or not? Given recently what happened in the US broking firm, are we safe here? that is they are not investing with our funds? Actually we can reduce our risk here but are the authorities willing to look into it. a) placing our money in a bank instead of the IB but with full authority to withdraw / deposit from our account by presenting our contract notes / contra losses. b) we can check our accounts online and we are protected up to RM250,000 each individual per bank. We can detect any discrepancy in our accounts immediately. Because we can monitor our accounts online any thoughts of using our funds for "temporary' investment is strongly discouraged. Not to scare anybody but just a thought. Thanks for reading.