IB's SIPC protection for acct

[jm73]

I understrand SIPC protects cash and securities upto 500K USD and (uplimit 100K USD in cash).

Does that mean if have 200K of unused fund and 100K in future or spot fx contract, in case of bankruptcy, only half (100K) of my unused fund is protected by SIPC?

 

[gowron8]

Quote from jm73:

I understrand SIPC protects cash and securities upto 500K USD and (uplimit 100K USD in cash).

Does that mean if have 200K of unused fund and 100K in future or spot fx contract, in case of bankruptcy, only half (100K) of my unused fund is protected by SIPC?

Good question....you should ask IB. Please let us know what you find out.

 

[Hayek]

Quote from jm73:

I understrand SIPC protects cash and securities upto 500K USD and (uplimit 100K USD in cash).

Does that mean if have 200K of unused fund and 100K in future or spot fx contract, in case of bankruptcy, only half (100K) of my unused fund is protected by SIPC?

IMO, yes.