I am thinking of opening a Sterling based account with IB USA and having my Sterling based Pension deposited with them each month. As I use US$ to live on I would be converting sterling to US$ on an as need basis through their IDEAL system. I would also be converting the bulk of the sterling into EuroÂ´s to trade the DAX and invest in income producing vehicles in that currency. Because my Pension is paid in Sterling the base currency has to be sterling but the majority of the sterling would be traded in EuroÂ´s or Dollars. Does anyone have experience operating IB in this way or have any other suggestions or comments on the financial safety of IB?