Is my money safe at Interactive Brokers ?

I

Instant Karma

more specifically : where is my money held ? a bank account ? a clearing firm ?
which one?

they say:We currently hold $4 billion in equity capital. great and where's the money? at Citigroup? Chase ? is it safe?

with a widespread silent bank run, we could be wiped out, i don't trust SIPC..




heres some reading..

Financial and Corporate System is in Cardiac Arrest: The Risk of the Mother of All Bank Runs

http://www.rgemonitor.com/roubini-m...rrest_the_risk_of_the_mother_of_all_bank_runs
 
you should be more afraid of "blowing up" an acct

in these turbulent times for traders


than IB 's "blowing up"

in my opinion

good luck gentlemen

:)
 
Quote from 1Reason:

not if you own the stock IBKR, damm its down a lot.

I am down to only 100 shares but its over $2 less per share than what i paid for it....
More...

What are you talking about???
 
Quote from SethArb:

you should be more afraid of "blowing up" an acct

in these turbulent times for traders


than IB 's "blowing up"

in my opinion

good luck gentlemen

:)
More...



i trust IB for being conservative... i don't trust the banks where IB places our funds
 
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