Is your money/CFD/share holding insured? - Aussie Stock Forums

Results 1 to 2 of 2
  1. #1

    Join Date
    May 2007

    Default Is your money/CFD/share holding insured?

    hello folks,

    reading the small letters of Marketech:

    all clients money will be pooled in a separate account and if Marketech goes bankrupts nothing is insured.
    There you go and your CFD contracts are not worth the paper they`re written on, because Marketech bought the shares in their name as a hedge for your CFD contract and can sell them just like that without a penny to you.

    What happens to customers with other brokers?

  2. #2
    Administrator Joe Blow's Avatar
    Join Date
    May 2004
    Blog Entries

    Default Re: Is your money/CFD/share holding insured?

    Since the topic is quite general in nature this thread has been moved to 'General Chat'.

Similar Threads

  1. CHESS Holding Statements
    By Ted in forum Beginner's Lounge
    Replies: 19
    Last Post: 2nd-March-2013, 12:28 PM
  2. SPI - Holding both short & long into weekend
    By timster in forum Derivatives
    Replies: 1
    Last Post: 26th-February-2008, 10:23 PM
  3. Replies: 0
    Last Post: 29th-May-2007, 08:17 PM
  4. Holding dogs and analysts
    By nizar in forum Stock Market Nuts and Bolts
    Replies: 3
    Last Post: 29th-March-2007, 11:28 AM
  5. Taking profits or holding
    By dj_420 in forum General Investment and Economics
    Replies: 23
    Last Post: 14th-November-2006, 12:56 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums