Posting here because there was talk about the lack of IB offering additional insurance coverage over SIPC. It now has coverage (more coverage is available for an additional charge). Details: > IB Increases Account Protection Coverage Effective immediately, your total securities account equity protection is now $10 million, $1 millon of which is for cash protection. Your first $500,000 of coverage is provided by SIPC, of which up to $100,000 covers cash. American International Group (AIG) provides the remaining $9.5 million coverage, of which $900,000 is for cash coverage. SIPC and AIG provide coverage against loss of securities and cash, not against market depreciation, fluctuation in market value of your securities or a trading loss. > Timber Hill LLC Receives an Investment Grade Rating On July 24, Standard & Poor's assigned Timber Hill LLC an investment grade rating. Timber Hill LLC is the largest affiliate of the Interactive Brokers Group. For more information go to: http://www.interactivebrokers.com/html/companyInfo/stable.html
As industry practice, it applies only to equities. Hopefully the investment grade rating of Timber Hill LLC will give you some additional comfort.