I read the terms of the new product with stock options and came across the phrase “Nest Trading Limited acts as your introducing broker.” I thought—this is the company that holds my money and my stocks?
I looked into it—no. Nest Trading only forwards the order onward to Alpaca Securities, which already executes the trade, handles clearing, and effectively holds the assets. According to the ADGM public register (license No. 260000), Nest Trading is allowed to perform activities like “arranging a transaction” or “acting as an agent”—but it is explicitly stated that it is not permitted to hold or control client funds.
So the chain is simple: Binance is the interface, Nest Trading is the intermediary order router, and the actual custodian of funds and shares is Alpaca—an independent broker, regulated by the SEC and FINRA in the US. Three different roles, three different companies, not one big, opaque structure.
Honestly: the more participants there are in the chain, the more transparency (each one is separately regulated and audited), but also the more moving parts where, theoretically, something could go wrong at the junction between them.
Have you ever checked exactly who in the chain holds your assets, or even stopped to consider the name of the app? 👇
@Binance_Ukraine
I looked into it—no. Nest Trading only forwards the order onward to Alpaca Securities, which already executes the trade, handles clearing, and effectively holds the assets. According to the ADGM public register (license No. 260000), Nest Trading is allowed to perform activities like “arranging a transaction” or “acting as an agent”—but it is explicitly stated that it is not permitted to hold or control client funds.
So the chain is simple: Binance is the interface, Nest Trading is the intermediary order router, and the actual custodian of funds and shares is Alpaca—an independent broker, regulated by the SEC and FINRA in the US. Three different roles, three different companies, not one big, opaque structure.
Honestly: the more participants there are in the chain, the more transparency (each one is separately regulated and audited), but also the more moving parts where, theoretically, something could go wrong at the junction between them.
Have you ever checked exactly who in the chain holds your assets, or even stopped to consider the name of the app? 👇
@Binance_Ukraine
