During today’s global banking crisis, more and more day traders are worried about the safety of their funds if their forex broker goes under.

In the United States, the NFA (National Futures Association) does not protect against insolvency of forex brokers. Nevertheless, I believe that FX (foreign exchange) remains one of the best asset classes for active traders.

That’s one of the main reasons why we switched brokers. Now we have access to a broker that offers account protection of 90% of the account value for a maximum of 20,000 euros per depositor. This FX broker is in the very stable country of Germany and it’s also a bank; not a traditional bank that got spanked in the subprime mortgage debacle (like many US banks) - but one who focuses on trading and alternative investments.

The platform used remains the same: MT4 (MetaTrader); which has become sort of a standard in the retail forex trading arena. The executions also provided by this broker are automatic, so there’s no intervention from a human dealing desk.

To read more information about this broker, please go to the section on our website with instructions on how to open a trading account.

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