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Old 01.05.2023, 22:29
MazingaZ MazingaZ is offline
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Re: Interactive brokers in Switzerland

Hello,

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?
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