Your account is a multi currency account which allows you to transfer, hold and trade any currency IBKR offers. For each currency, cash is segregated in specific bank or custody accounts in different locations where funds have to be sent to depending on the currency. Assets (financial instruments) in your account may be held by different depositories and custodians under IBKR’s street name, depending on the market. For example, DTC for U.S. stocks.
Interactive Brokers Ireland Limited ("IBKR Ireland") has adhered to the Investment Compensation Scheme of The Investor Compensation Company DAC (ICCL) which protects covered investments of eligible claimants up to an amount of EUR 20,000.
While IBKR Ireland is a local broker, it is still a subsidiary under the Interactive Brokers Group, which has an equity capital of USD 12.2 billion. Please keep in mind that similar to the U.S. entity, assets for clients under IBKR Ireland follow strict segregation rules. With respect to client money or financial instruments, these are segregated in special bank or custody accounts which are designated for the exclusive benefit of clients of IBKR Ireland.
Additional Information
- Strength and security available on our website