View Single Post
Old 01.05.2023, 22:29
MazingaZ MazingaZ is offline
Join Date: Aug 2010
Location: Zug
Posts: 142
Groaned at 17 Times in 9 Posts
Thanked 99 Times in 49 Posts
MazingaZ has become a little unpopular
Re: Interactive brokers in Switzerland


Do you have more information about IBKR insured bank deposit sweep program review?

According to their email, the Insured Bank Deposit Sweep Program provides up to $2.5 million of Federal Deposit Insurance Corporation (FDIC) coverage on your accountís free cash balances. Combined with existing Securities Investor Protection Corporation (SIPC) coverage of the first $250,000 in your account, your available insurance will cover up to $2.75 million. Cash balances above $2.75 million remain subject to safeguarding under the SEC's Customer Protection Rule 15c3-3, backed by the firmís equity capital.

Pros and Cons?
Reply With Quote