IB UK customers - SIPC or not ?

valix

Newbie
3 0
I am questioning whether IB UK customers can benefit from SIPC protection. Indeed, the custodians (for their funds and securities) are maintained by a carrying broker which is a member of SIPC (IB LLC for instance), but they are not customers of IB LLC for purposes of the SEC financial responsibility rules adopted under the Securities Exchange Act of 1934, and the Securities Investor Protection Act.
Thanks for your feedback, I am still hesitating to open up an account at IB UK.
 

mel_pub

Junior member
26 4
yes IB UK is regulated by the FSA. But you'd better cross your fingers too.

You'll never ever receive any paper statement from IB
 

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