$100K+ accts, any ideas for a secondary broker?

[brocklanders]

Quote from increasenow:

any retail Forex broker

guess you've never heard of Refco

 

[OldTrader]

Quote from lsudaytrade:

someone closes their positions eod, then it would be all cash? SIPC doesnt cover that?

what determines if your acct with IB is a futures acct(making it ineligible for SIPC coverage) when you're allowed to trade futures, stocks, currency, etc?

IB discusses all of this on their website, in detail. All you gotta do is go read it. But, your main account with IB is called the Universal Account...it's a securities account. It's insured by SIPC and Lloyds.

But, if you make a trade in a futures contract, for the period that you have that trade on your margin will not be insured. SIPC does not insure futures positions.

Go to their website and read about it.

OldTrader

 

[NanoTick]

Quote from lsudaytrade:

Should someone with a $100K+ cash acct use a secondary broker?

seeing that SIPC only covers up to $100K for cash accts(futures), what are some good ideas for secondary brokers?

Thanks in advance.

Buy SHY (T bond ETF). My broker treats SHY position as cash for BP calculation.

 

[college_trad3r]

If the account is segregated funds, in theory it should not disappear even when the company dies, because the money is segregated from the company