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I was thinking of something else as well to take into account @Joshua1984. Even whilst your capital is protected, in the case of an insolvency it doesn't mean you are getting your funds back instantaneously. Instead, you would have to consider that it can take months or even years for everything to be worked out and you get your funds back so always spread risk and don't lock up money somewhere that you need to live on in the near future.
Agree with this. Take profits out of any broker accounts pretty often, and don't be quick to put them back in. You'll need most of your funds outside of the broker entirely. Leave only the minimum you think you need to trade with.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Since you are an Ironbeam customer, please feel free to email me directly about any questions of company financials. Our FCM is in very good health and we run daily stress tests against large market moves. We monitor risk 24/7 and have limited day trading margins due to current market volatility.
Use Promo Code FUTURES.IO for $0.45 futures commissions, $0.19 micro commissions HERE. *Promotion only available to new customers. Other fees such as exchange and NFA still apply*
Mike Murphy | Director of Trading
Ironbeam Futures
Phone: 312-765-7228 | [email protected]