Guys,
I appreciate your time and suggestions
responding to my post - it is a bit clearer to me now that the real risk is
(was?) in banks, not in brokers.
When I mentioned 1 M° USD insurance I was
speaking of IB, not the bankers. In France indeed it is up to 70,000 EUR, and
in Belgium 100,000.
Re my parent who lost his deposit: it was
in Belgium, and at Citibank. He is suing them because for unknown there
the 100,000 USD didn't apply… he is suying them with hundreds of other
investors, it is a grouped action.
Nevertheless to come back to the risk being in banks,
notbrokers: what if the bank used by the broker goes bankrupt? Will it really
be indemnised when you see the billions of dollars of their client deposit??
Risky time, and you were right stating gold lingot in the
safebox of the bank is NOT insured :-(
Thanks again,
Carl