I've been with IB for close to a year and love it. So I'm not interested in changing brokers. My problem for which I need your advice is a good problem to have. My IB joint account with my spouse is now at the SIPC protection limit of $500,000 in securities. I read on IB's website about the additional $29.5 million of protection provided by IB to its customers through a Lloyd's of London policy, subject to a $150 million limit for all claims against the policy. While I certainly feel that IB will be around for many years, I've got the fear of a REFCO type implosion that would take down IB completely, which could create claims in excess of the $150 million limit. Again, I don't think it would happen, but I feel it is a risk, however slight, if my IB securities exceed the $500,000 SIPC coverage. To aleviate the risk I could set up another account, either with IB or another broker. From looking at IB's FAQ on protection, it looks like I could open a new IB individual account for my wife, or myself, in addition to our joint account with IB. I understand under those circumstances each account, the joint account and the individual account, would EACH have the SIPC $500,000 protection. Of course if I have 2 accounts, I'd have the $10 minimum monthly commission for each account. Can anyone comment on my fear, and the possible risks, of keeping everything in my current joint account with IB, even though it exceeds $500,000 in securities? Should I just rely on the additional $29.5 million through the Loyd's of London policy and quit tilting at windmills? If anyone has both an individual account and a joint account with IB, is it possible to make transfers of cash or securities between the accounts without fees? or would I have transfer cash from one account back to my bank checking account and then move it into the other account? Thanks in advance for all your help.