How to get lower MBT trading commissions - Page 3
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Thread: How to get lower MBT trading commissions

  1. #21
    Quote Originally Posted by ;
    That is right, they are safer then other brokers. A Currency Market account or all of your Currency Market accounts with IB are protected up to 1M per client. Meaning if you have 5 accounts and you have a million in every account, only 1M of your complete 5M is shielded. Still the best I have seen thus far on a retail level.
    Hi fxtrader42,

    Does this apply to universal accounts? Also, where is the 1M protection cited on their site. Their safety FAQ has nothing special about FX, other than that it is OTC and unregulated, jee whiz.

    http://individuals.interactivebroker...?ib_entity=llc

  2. #22
    Quote Originally Posted by ;
    Hello ,

    Does this also apply to universal accounts? Where is your 1M protection mentioned on their website. Their security FAQ has nothing special about FX, other than that it is OTC and untrue, jee whiz.

    http://individuals.interactivebroker...?ib_entity=llc
    Client securities accounts at Interactive Brokers are protected around $30 million (including up to $1 million to money). The market value of your shares, options, warrants, debt, and money -- denominated in all currencies -- is covered by this insurance. Lloyds association insures a lot of broker traders and investment firms in London and that I have not looked at it in a little while. I look at like this - currency positions are money postions so consequently their insurance through Lloyds covers all account holders around 1M for FX traders. If you would like to find out I would call IB. I don't trade with IB so to be honest I could care less.

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