Quote:
Originally Posted by
SBQ
There has been mention of IB. IB has done very well over the last decade. IB has grown the business exponentially. IB is a now big global player.
But a good litmus test question to ask yourself, as with any brokerage/intermediary (esp' one based overseas) you may have a relationship with, is if IB (and their counter-parties) "got into some difficulty" , can you afford to lose the funds (and if leveraged, even more!) you have invested?
from the moneyhub review linked above - will need to check the actual wording.
What happens to my funds if Interactive Brokers goes bust?
Client money is segregated in special bank or custody accounts, which are designated for the exclusive benefit of clients of Interactive Brokers. By properly segregating the client's assets, if no money or stock is borrowed and no futures positions are held by the client, then the client's assets are available to be returned to the client in the event of a default by or bankruptcy of the broker.