Where Exactly Are My Funds Being Held?
Customer funds are held by MetroTrade's regulated FCM partners
MetroTrade operates as an introducing broker, while the clearing firm associated with your account is responsible for holding customer funds and clearing trades. Funds are maintained at regulated financial institutions used by the clearing firm for custody and settlement.
Customer funds are handled under rules established by the NFA and under the supervison of the CFTC:
Funds may be on deposit at the bank in a specific “Customer Segregated Funds Account” or in the investments approved under CFTC rule 1.25. In addition, a portion of a customer’s money may be put up with the respective exchange clearing house in the form of a performance bond (i.e. margin deposit).