General

What happens if Interactive Brokers goes bankrupt? How am I protected? Is there any Insurance protection?

Indian residents can only open a cash account, no leverage, no margin trading is permitted at all. Client-owned, fully-paid securities are protected in accounts at depositories and custodians that are specifically identified for the exclusive benefit of clients. IBKR reconciles positions in securities owned by clients daily to ensure that these securities have been received at the depositories and custodians. In addition, every customer is protected by the Securities and Investment Protection Council Insurance (SIPC insurance) by up to USD 500,000 split as USD 250,000 in cash and USD 250,000 in stocks.