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
