Apprently the Canadians that are account holders are in good shape as they are protected by something that is provided to Canadians that work with firms that are participants in the Canadian Investor Protection Fund: http://www.cipf.ca Account holders are apparently protected up to 1 million CAD. This seems like a great deal -- anyone know of catches for US Citizens in this? Btw, I checked and US Citizens not living in Canada may participate and enjoy the same protection apparently.
If you're a Refco Canada client you are automatically enrolled in the protection -- makes you wonder why we in the US don't have something like this for the FX Spot trading market.