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In this video, I will be discussing and reviewing the new Interactive Brokers fund protection policy which is a major change for those people who have previously been with Interactive Brokers Hungary and will now be moved to Interactive Brokers Ireland as this, unfortunately, will lower the fund protection limit from €100K to only €20K, which is something you need to be aware of and something to consider when allocating your money across various brokers. Watch the video to find out if Interactive Brokers is still my broker of choice.

#interactivebrokers #ibkr #stockbroker

[SmartMoneywithKai]

🔵 INTERACTIVE BROKERS
My personal broker of choice where I hold the majority of my investments
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[Shinoku]

This 20k or 100k euro does not count for your stocks, it is only for uninvested cash, you can have 10 million dollars portfolio and still you are fully safe in case of IBKR going out of business, some other broker will buy out the clients and move their stocks under their company. This applies for all regulated brokers like IBKR, XTB, Etoro and many others. The only way you can lose your stocks is in case of major fraud from IBKR side, but this is pretty much not possible to happen

[boriskubicka]

It is quite naive to think that in the case of major problems, Hungary would rescue some IBCE and return the funds. The Hungarian government does not inspire confidence in me when it comes to fulfilling its commitments. Therefore, I am actually glad that IBCE is transforming into IBIE with higher enforceability of the law.

[steveshuffle]

I am 99, 9% sure that this is about the cash your hold (uninvested) in your IB account. It's not about your stocks/etf investments

[balazslakatos]

that insurance limit is only matter if you keep cash in your portfolio, otherwise all the stock you bought will be registered on your name. I'm not sure the same rule applies to the frictional shares.

[exrayZap-rygh]

at 1:39 Minutes "i don't want to bore you with all the details" and at 5 minutes in the answer is 20k not 100k ... for those not liking getting bored with all the details.

[bjorn]

Maybe a late comment but this is not valid anymore, your stocks are protected no matter what, as IBKR is just a custodian, if they were to go under you can transfer your assets to a different broker. ( the 20k insurance is there for futures loaned money or stocks etc)

As for money, its a european requirement to have a 100k deposito insurance, your money is not stored with IBKR, it is for example stored on a JP Morgan omnibus account in Ireland or Germany. Those are real banks that give the 100k deposito insurance required by the ECB.

Plus keep in mind that IBKR has the largest cash reserve of all brokers. You can probably combine all top 25 brokers and still not come close to the value IBKR holds.

[BombasticGA]

That's irrelevant actually for your case because the protection is only for uninvested funds.

[V.R.Capital]

Hi! The 100k is for cash, in Latvia and in Lithuania it's the same, but 20k for investments. You can check it in the local bank. Thats not an IB fault, it's an EU thing.

[Taoikonomika_einai_polycool]

I have a dejavu from revolut, where you made a similar video! :)

[gaborcser]

Hi Kai, I use the ibkr TWS, but in this platform there is no option to approve the PRIIPS KID. Do you know how can i approve and accept the KID when I buy/sell?

[JacobTaff-ro]

Hey so I’m 23 years old and I have a decent bit of money in stocks but the platform I use it made more for beginners and don’t have very friendly fees for moving large numbers. I’m planning on investing $2000 a week for the next 7 years in a few etfs. Is IBKR going to be a good choice? I am from NZ

[DyIIu]

a very good change, keeping money based in Hungary is pointless given the current policy of this country, which is against the West. Paradoxically, your money is much safer in Ireland than in Hungary.

[donryan]

If you hold a van eck semiconductor etf ucits acc usd, would that be protected by SIPC as in its in dollars even do its a european etf? I thought i saw that anything done in usd is protected by SIPC

[rakkirry]

Hi how to long-term investment in interactive broker pls tell me

[DavidBorg-mfzx]

Hi Kai, so if I’m holding $TSLA stock then I should still be covered by the SIPC is that correct?

Are you saying that this only affects euro stock holdings?

Thanks

[chicago]

Broker failure doesn’t affect portfolio holdings! Only cash should be your worry

[ToungeLaxier]

I have saved the transactions were IB was stealing my money. Best bet is to move your investments to cash

[maximbelitskiy]

Hi, Kai! Thank you for highlighting such important change. The question I have - do you own a EU stocks at IB? If to use it only for US stocks looks pretty comfortable, right?

[suttyotolvajfideszbanda]

Why not Vanguard??? Are you Hungarian??