Tuesday, July 24, 2018

What happens if a Stockbroker defaults?

Hi! I'm 19 and I've been trading stocks for an year.

I've put all my savings in my brokerage account (12k euro).

I wonder in an event of a crash if a broker defaults is my money guaranteed? Is there any way I can loose it if I'm not invested?

Currently I only hold 20 shares of apple and rest is cash cause I think there's a crash coming.

If someone knows how that works please help. Im using Interactive Brokers.



Submitted July 24, 2018 at 05:01AM by Br00dlord https://ift.tt/2NGY10V

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