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Country dependent answers here. In Australia most trade accounts use 'Chess' system which basically means when they buy shares they buy them in the account hol
by Gustomaximus 4y ago
Country dependent answers here.
In Australia most trade accounts use 'Chess' system which basically means when they buy shares they buy them in the account holders name so you own them and if the broker collapses it's not a problem.
In US I believe they are generally owned in the brokers name but using 'SPIC' so you have $500k protection coverage similar to bank deposit protection.