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Trading websites how secure are they if it goes under and other questions ?

  • 21-08-2018 12:59pm
    #1
    handlemaster
    Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭


    If a trading website you use for buying and holding stocks goes bust how save are your shocks ?  How do we know that they are not been taken in charge by the dealing company as their assets?
    When you buy shares with such a website and the share have a dividend is it possible to tick to reinvest the dividend automatically ?


Comments

  • #2
    Skelet0n
    Registered Users, Registered Users 2 Posts: 372 ✭✭Skelet0n


    handlemaster wrote: »
    If a trading website you use for buying and holding stocks goes bust how save are your shocks ?  How do we know that they are not been taken in charge by the dealing company as their assets?
    When you buy shares with such a website and the share have a dividend is it possible to tick to reinvest the dividend automatically ?

    Entirely depends on the website.


  • #3
    handlemaster
    Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭handlemaster


    Skelet0n wrote: »
    handlemaster wrote: »
    If a trading website you use for buying and holding stocks goes bust how save are your shocks ?  How do we know that they are not been taken in charge by the dealing company as their assets?
    When you buy shares with such a website and the share have a dividend is it possible to tick to reinvest the dividend automatically ?

    Entirely depends on the website.

    Thats not much help.


  • #4
    Skelet0n
    Registered Users, Registered Users 2 Posts: 372 ✭✭Skelet0n


    handlemaster wrote: »
    Thats not much help.

    You basically asked how safe is my money in a bank. Obviously your money would be safer in Bank of America than in Royal Princely Safe Bank of Nigeria.


  • #5
    handlemaster
    Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭handlemaster


    Skelet0n wrote: »
    handlemaster wrote: »
    Thats not much help.

    You basically asked how safe is my money in a bank. Obviously your money would be safer in Bank of America than in Royal Princely Safe Bank of Nigeria.

    Are you Trump ? That wasnt the question.


  • #6
    Sabre Man
    Registered Users, Registered Users 2 Posts: 2,029 ✭✭✭Sabre Man


    What's the site you're looking at?


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