interactive brokers, page-4

  1. 481 Posts.
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    FS, i don't see IB in the same light as Opes Prime. In that if IB goes belly up, i don't lose my stock. It may effect futures tho. If you are aware of a different slant, i would be interested. Below is IB's Securities Account Protection


    Customer securities accounts at Interactive Brokers are protected up to $30 million (including up to $1 million for cash). The market value of
    your stocks, options, warrants, debt, and cash -- denominated in all currencies -- is covered by this insurance. Futures, options on futures,
    and single stock futures are not covered, but available cash will be swept from your futures account to your securities account periodically
    to take advantage of insurance coverage as much as possible. As with all securities firms, this insurance provides protection against failure
    of a broker-dealer, not against loss of market value of securities.
    This protection is provided by the Securities Investor Protection Corporation (SIPC) and Lloyd’s of London insurers. SIPC provides the first
    $500,000 per customer (including up to $100,000 for cash). For customers who have received the full SIPC protection, the Lloyd’s policy
    provides up to an additional $29.5 million (including $900,000 for cash), subject to an aggregate limit of $150 million.
    For the purpose of determining a customer account, accounts with like names and titles (e.g. Individual/John Smith and Individual/John
    Smith) are combined, but accounts with different titles are not (e.g. Individual/John Smith and IRA/John Smith).
    SIPC is a non-profit, membership corporation funded by broker-dealers that are members of SIPC. For more information about SIPC and
    answers to frequently asked questions (such as how SIPC works, what is protected, how to file a claim, etc.), "

    DYOR on this, it's not a chat board missive
 
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