/biz/ - IBKR, the best broker in the EU, only insures 20k - Business & Finance

Anonymous (ID: jagRnG8s) Archived

IBKR, the best broker in the E(...) 03/25/26(Wed)17:26:37 No.62032563

File: 4646846.jpg (54 KB, 399x625)

IBKR, the best broker in the EU, only insures 20k Anonymous (ID: jagRnG8s) 03/25/26(Wed)17:26:37 No.62032563 Archived

And if you are an accredited investor, they actually insure 0. They could lose all your money.
Is there a way around this?
How do people with 8 or 9 figures manage their money? Is there some insurance that you can contract?

Anonymous (ID: MYfiVdN4)
03/25/26(Wed)22:09:10 No.62033266

Anonymous (ID: MYfiVdN4) 03/25/26(Wed)22:09:10 No.62033266

what the fuck does a broker need to insure? if your investment goes under that's your fault. if ibkr goes under, in the us at least, it's 500k insurance on your cash/money market only.

Anonymous (ID: OseXa+88)
03/25/26(Wed)22:10:04 No.62033268

Anonymous (ID: OseXa+88) 03/25/26(Wed)22:10:04 No.62033268

>>62033266
>if your investment goes under that's your fault
are you fucking stupid? that's not what they mean by insure god damn you are genuinely fucking dumb to think a brokerage will subsidize your losses.

it's for when shit goes insolvent.

Anonymous (ID: MYfiVdN4)
03/25/26(Wed)22:10:36 No.62033269

Anonymous (ID: MYfiVdN4) 03/25/26(Wed)22:10:36 No.62033269

actually, upon further inspection, in the us ibkr buys extra sipc coverage beyond the 500k...sucks to suck i guess

Anonymous (ID: MYfiVdN4)
03/25/26(Wed)22:11:45 No.62033272

Anonymous (ID: MYfiVdN4) 03/25/26(Wed)22:11:45 No.62033272

>>62033268
my point is doesnt your government do that for you if the broker does not? euros were supposed to have better protections