Forex Account Hacking — a Real Problem?

A few days ago a trader from a popular Forex forum asked a question concerning the safety of the Forex trading accounts from hacking and other security-related issues, specifically about the safety of the MetaTrader 4 accounts. While there is a dependence between the security policy of the trading platform and the security of the funds in the trading account, the more important is the security policy of the specific Forex broker. There are four major types of the potential important problems in the brokers’ security:

It’s always good to choose a Forex broker with a strict security policy, but no trader should forget about his own password security policy. Most of the password are illegally retrieved through phishing e-mails, trojan viruses and other fraudulent actions. It’s always good to have a good anti-virus software installed (I recommend Avira — it’s free, fast and can detect all the viruses). Remember, that the security of your money always depends on you too.
Fortunately enough, I don’t know many cases of the Forex account hacking and I’ve never been a victim of such crime, despite the fact that I’ve held an account with a lot of different brokers. And how about you?

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Update: If you answered that your account has been hacked, please, specify the broker in the commentary. I believe it would be helpful to many traders. You can also write something about the details that would help others to prevent losing their accounts in the future. Thanks.

If you have some interesting comments or questions regarding the security of the Forex trading accounts, please, feel free to reply using the form below.