Quote from luvtrading10:
That is a complete lie. Even at the clearing level I do not believe they are SIPC insured because BSI clears offshore.
Now tell me some of these offshore clearing firms.
Anyway, I do not think offshore clearing firms can participate in the US markets, but I am not positive.
THEIR funds are SIPC insured, not your specific funds. But it seems like there are hundreds of happy traders at BSIC, so you could just open a small account and see how that goes for you.