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The first question one should ask when choosing an Internet broker is, "How safe is my money? What happens to my funds if the broker goes bankrupt?"
It is often difficult to evaluate this risk especially if the broker in question is located in another country.
To alleviate this problem, Swiss e Trade AG has made arrangements with their corresponding banks to assure client funds are secure.
Segregation of Accounts - Client funds are deposited in accounts separate from Swiss e Trade's corporate accounts. Also, client accounts are backed by cash or short-term credits from banks or other financial entities. (Note that this rule does not include entries to an account arising from client trading).
Should Swiss e Trade AG encounter financial difficulties of any kind, customer accounts are safe due to this arrangement. |
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