thanks in advance.
Interactive Brokers----How safe is my money there?
Started by
traderx
, Jan 22 2010 10:17 AM
4 replies to this topic
#2
Rogerdodger
-
- TT Member*
-
- 26,991 posts
Member
Posted 22 January 2010 - 10:29 AM
I've never had a problem with them.
They were not in the mortgage business like Etrade and some others.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
Rogerdodger
-
- TT Member*
-
- 26,991 posts
Member
Posted 22 January 2010 - 10:38 AM
From the boss:
I doubt it, but if you're worried, keep liquid stuff in a segregated and insured account.
Still, IB is a good outfit. Remember, not making money is quite different from losing it.
Mark
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#4
hitoya
-
- Traders-Talk User
- 494 posts
Member
Posted 22 January 2010 - 11:24 AM
Fidelity has a smart cash account where they put your money in 5 different banks. So you are insured for 5*250K. The commission is $8 if you have over 1m total asset or if you are a active trader, which is better than IB if you often trade over 2000 shares each trade.
From the boss:
I doubt it, but if you're worried, keep liquid stuff in a segregated and insured account.
Still, IB is a good outfit. Remember, not making money is quite different from losing it.
Mark
#5
IndexTrader
-
- TT Patron+
- 7,694 posts
Member
Posted 22 January 2010 - 11:26 AM
I would suggest you do some research, starting with reading their website, and ending with looking at their financial statements.
http://individuals.i...tProtection.php
http://individuals.i...tProtection.php
