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DONT,it's not that simple.Only as long as the underlyings of the derivatives you are trading have securities character-i.e stocks and stock indices.Also the cash funds you hold for related margin requirements and equity purchases are protected..Details you find on the SIPC website... zorroverde

Hi trade2live, for the time being it will affect only non-US derivatives.After June30 (latest of several deadlines) you can only trade those if you have created/opened a special sub account (of your original US or UK-based main account).US-based derivatives of the securities sector continue...

trade2live,just bother to read the first post of this thread.There you find all explained.If you need more,just pm me. zorroverde

Hi dont, once you have signed some additional agreements,you will be covered byFSCS when trading non-US derivatives and by SIPC when trading US ones. A client of mine tried trading under the new U.K account type and found that margin conditions did not improve,which was one of the...

Hi Learner2007,pls find here the corresponding IB communique Frequently Asked Questions - Conversion to IBUK as a Carrying Broker General Q: What is changing? A: IB will be expanding the range of client activities cleared and carried by IB UK to include certain...

I wouldn't argue about that.But IB market making and IB brokerage/clearing are 2 totally different operations,so that part of your post is beside the point. Fact is that IB was a pioneer in offering excess SIPC account protection since,if I remember correctly, at least 15 years ago,whereas now...

IB LLC (US) is forcing all customers trading non-US derivatives to open subaccounts with IB.UK as this type of instruments won't be tradeable any longer through an IB LLC account.Deadline was April 15. I appears that IB.UK will act from now on in a dual function: For US-side traded...

Hello Oldtimer,did you ever try to contact Lloyd's?Could you share any first hand knowledge or is this just hearsay? IMHO Lloyd's does all business through approved insurance brokers who normally specialise in a few fields only.Not so easy to identify the ones willing and capable to broke...

According to SIPC brochure available on their site cash claims are guaranteed up to 250K.

Hello Dak,most of your doubts can be resolved if one is doing his homework properly. SIPC has a very good website where these topics are explained in detail. I reproduce here IB's own interpretation of SIPC rules which I find a fair and true representation of the applicable regulations in...

It is all said in my post,and I can support all what is said there by corresponding IB communiques. As long as you trade through IB.UK US-side products like stocks and options on stocks,as well as options on equity indices,i.e products classified under SIPC rules as securities,you are covered...

IB LLC (US) is forcing all customers trading non-US derivatives to open subaccounts with IB.UK as this type of instruments won't be tradeable any longer through an IB LLC account.Deadline was April 15. I appears that IB.UK will act from now on in a dual function: For US-side traded products...