IB Hong Kong based accounts transferred to newly formed IB HK

dunleggin said:
I migrated several weeks ago under the same directive. The only difference I observed is positive: more efficient margining and eliminating Reg T.
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l got told that IBHK accounts all get portfolio margining. is this true? l trade US options
 
GloriaBrown said:
NO one except insiders would know Lehman would be down before it happens, same for possible outcome for IB. Do HK clients even have a choice not to move to HK IB? You mean IB clearly wrote HK clients have no choices and just must take all 100% risk no protection at all once not invest in HK stocks, futures or options?
No matter what you try to present, IB is nothing close to too big to fall or financially strong comparing to Lehman before it failed down. It is simple that IB has chance to be done, and HK client will lose all non HK investment with their IB HK account. IB offers nothing, zero protection for HK client investment outside of HK, even in HK is just protection from HK government not from IB.
So it is simple, once move to IB HK, HK clients take all the risk, IB takes no risk.
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l am reading this just now, l have a 6 figure USD account and trade US options. are you saying that if IBHK were to go down. all my money, including idle cash, in the account would just evaporate?
 
def said:
I am only responding to you as someone else with a tin foil hat may believe your jibber jabber.

You obviously do not do your homework, understand who is and who isn't regulated in HK nor know who offers access to markets other than the US. You might also do some additional digging (hint google or in your case baidu) and check out which of the other firms you mentioned recently announced the closing of their HK and Singapore offices and relinquishment of their licensing.

For our financial health - it is no secret that the IB Group is sitting on over $5 BILLION USD in equity capital, financials are reported publicly quarterly and with monthly metrics you can also get a feel for how things are going on the brokerage side. Nevertheless, if you are so fearful, we do not charge clients to close their account and you are free to do so anytime.
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def, please answer, would idle cash, in USD, GBP and HKD be protected, if the unthinkable happened? thanks
 
Read about the financial strength of IBKR here:
https://www.interactivebrokers.com.hk/en/index.php?f=2334

The key points: The group has over $7 billion in capital and pre-tax profits last year were $1.2Billion USD. In short, we consistently earn profits and have consistently retained the bulk of earnings to enhance our capital base. I'll add management and staff have massive skin in the game as we own 81% of the company and thus also have a strong incentive to conservatively manage risk. No off balance sheet surprises and no long term debt. In HK, I believe we stack up as strong ifnot stronger than any broker and even bank (who as we know may carry significant off balance sheet exposure) you are considering.

Other: Portfolio Margin is a US concept. But yes, IBHK is not beholden to Reg T and thus margin is portfolio risk based.

We are also gaining nice traction in the professional hedge fund space which I suppose is a gauge of the recognition of our trust as a custodian for professionals:
https://www.interactivebrokers.com.hk/en/index.php?f=44214
 
def said:
Read about the financial strength of IBKR here:
https://www.interactivebrokers.com.hk/en/index.php?f=2334

The key points: The group has over $7 billion in capital and pre-tax profits last year were $1.2Billion USD. In short, we consistently earn profits and have consistently retained the bulk of earnings to enhance our capital base. I'll add management and staff have massive skin in the game as we own 81% of the company and thus also have a strong incentive to conservatively manage risk. No off balance sheet surprises and no long term debt. In HK, I believe we stack up as strong ifnot stronger than any broker and even bank (who as we know may carry significant off balance sheet exposure) you are considering.

Other: Portfolio Margin is a US concept. But yes, IBHK is not beholden to Reg T and thus margin is portfolio risk based.

We are also gaining nice traction in the professional hedge fund space which I suppose is a gauge of the recognition of our trust as a custodian for professionals:
https://www.interactivebrokers.com.hk/en/index.php?f=44214
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Do us IBHK account holder still get FDIC or SPIC protection like IBUS?
 
def said:
Entity really doesn't matter when we look at risk. Pretty much the same.
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I should have been clearer. Would I get margin benefits if I transfer to IBHK from IBUK (using PM)?
 
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