It feels very scammy to me since I know the history of the Bank run in SL they claim to have insured and, well, they took my money and they haven't given it back yet.
Not at all scammy, I've been dealing with them for a while now and hold the operators in the highest regard. They always make sure whatever happens (thefts, scams, SL rule changes) their clients don't lose out, often taking some pretty big losses themselves.
It's that or it's really a hobby website trying to pose as more than it is.
The trading volumes have rocketed lately so they are in the process of stepping up a few gears. But they are very professional and responsible, more so than a 'hobby' outfit.
I'll let you know if they give me my money back.
If you have a problem just let me know, I promote that site whenever I can because I trust them enough to stake my own rep on their conduct. So if there's any issue I REALLY DO want to know about it!