Quote from vanilla2:
I've known that the SIPC doesn't insure futures, but I've never scruitinized the fact that brokers offer zero protection to futures accounts. I'm not surprised, I just never gave it substantial consideration until this interesting confluence of events (futures margin raised on the exchanges, travellers leaving the brokers, sober new IB notification).
If one trades only futures, is there any good reason not to relocate the ~75% of an account that's not employed as margin? At least in retail savings accounts it's covered by the FDIC which is several layers safer than a naked futures account even if it is with a top notch broker, imo.
