Is CMS Forex FDIC insured?
FDIC insurance normally guarantees all depository accounts up to $100,000 at FDIC member banks in the United States. However, since October 3, 2008, this amount was temporarily increased to $250,000 and is expected to continue until December 31, 2009. Usually this refers to your checking and savings accounts. As a general rule investment products such as equities or Forex trading accounts are not covered by FDIC insurance. Although CMS Forex does hold client funds with FDIC insured institutions, individual client accounts are not offered FDIC protection. CMS Forex is committed to the safekeeping of our clients’ deposits.
