IB.UK SIPC protection?

Does anyone know if US stocks,etfs and cash are protected by the SIPC in an IB.UK account?

 

You would be covered by the FSCS up to 85K GBP

 

why don't you just ask IB and then post the answer here ...

 

From memory, what IB have posted before on here before, SPIC does not apply to uk accounts.

 

That's pretty sad. £85k isn't anything nowadays.

 

as far as I remember there is extra insurance ...

 

but unless someone asks IB we'll never know ...

 

https://www.interactivebrokers.com/en/index.php?f=2334

 

Im getting conflicting googles, i think they reduced it to 75K last year because the GBP was getting stronger. Therefore you would think they will increase it to 100K now the GBP is crashing.

Only way to increase is to open a joint account with a partner if you have one. Then you get double protection.

 

There was some Lloyd's of london extra insurance but it was something like 30million across all customers, but now IB have something like 30billlion in accounts it seems irrelevant and IB didnt want to increase it as customers could private protection from lloyds if they want it.