$100K+ accts, any ideas for a secondary broker?

guess you've never heard of Refco

 

IB discusses all of this on their website, in detail. All you gotta do is go read it. But, your main account with IB is called the Universal Account...it's a securities account. It's insured by SIPC and Lloyds.

But, if you make a trade in a futures contract, for the period that you have that trade on your margin will not be insured. SIPC does not insure futures positions.

Go to their website and read about it.

OldTrader

 

Buy SHY (T bond ETF). My broker treats SHY position as cash for BP calculation.

 

If the account is segregated funds, in theory it should not disappear even when the company dies, because the money is segregated from the company