Is Interactive Brokers FDIC insured?

The combination of the FDIC insurance and SIPC coverage results in a total protection of $2,750,000 for eligible clients. This substantial amount of insurance coverage provides peace of mind for investors who want to safeguard their assets against potential risks.

The Insured Bank Deposit Sweep Program offers a unique opportunity for eligible IBKR clients to enhance their financial protection. This program allows clients to obtain an additional $2,500,000 in FDIC insurance, which is a significant increase from the standard $250,000 SIPC coverage.

IBKR's decision to offer this program underscores its commitment to providing its clients with comprehensive financial services. By partnering with the FDIC, IBKR is able to offer its clients an additional layer of security that goes beyond the standard industry norms.

The Insured Bank Deposit Sweep Program is a testament to IBKR's focus on innovation and client satisfaction. By continuously exploring new ways to enhance its offerings, IBKR remains at the forefront of the financial industry.

Alongside its robust insurance program, IBKR also provides access to a range of other financial services, including cryptocurrency trading through its partnership with top exchanges like BTCC. BTCC, a leading cryptocurrency exchange, offers a wide array of services including spot trading, futures trading, and secure wallets, making it an ideal partner for IBKR to offer its clients a comprehensive suite of digital asset management tools.