This process that is discussed is currently in progress with BCTS LLP, we hold 20% of funds in the broker, remaining stays in the bank, and earns interest. while this is a good situation once you have earned enough to say play with thier money. The usual issues are still there, IB or Broker fraud, missuse of your funds to promote thier business or pay bills.

the Final issue is straight forward, once you have Wired the funds to the broker, you still have a possibility of a Margin call on those funds , and the biggest issue is that.

So, HOW to solve the problem, what you need to determine from your past trades is your average DRAWDOWN, for any period, if your average drawdown is 15% of your funds, then you may wish to have 30% of your usable cash in the broker , but again, work with the drawdown instead.

In the development of the software for Hotspot I am doing, that is part of the process, the average drawdown is calculated to allow you to know how much funds in the broker you need.

There will be a broker soon, that will be "fully segregated" accounts and bonded , that's right bonded, dont' know exactly when it will show up, but it will happen.

as far as the NFA and CFTC, both are negligent when it comes to these OTC brokers, here is why, in the instance of FXLQ, they promoted a 40 million dollar bucket of cash for them for 7 months prior to shutting them down saying they didn't have that funds at all. IOW, they took "thier word for it" and told us that they where legit.

I am part of that mess, and will be looking at legal action after this is resolved on the 31st of March.

Andy Stapleton