Interactive Brokers Enhance Account Security with FDIC Coverage

Interactive Brokers (IBKR) has introduced a new program to keep clients cash safer than ever. Starting May 27, 2025, the Insured Bank Deposit Sweep Program offers up to $5 million in Federal Deposit Insurance Corporation (FDIC) coverage for free cash in individual and institutional accounts. For joint accounts, this protection doubles to $10 million.

This program adds to the existing Securities Investor Protection Corporation (SIPC) coverage, which safeguards the first $250,000 in a brokerage account. Together, these protections provide up to $5.25 million for individual accounts and $10.25 million for joint accounts, giving clients greater peace of mind.

The best part? This added security wont change how clients use their accounts. They can still trade stocks, options, futures, currencies, and bonds across over 160 global markets without any interruptions. Plus, clients will keep earning solid interest rates on their cash, ensuring their money is both safe and accessible for trading.

Any cash above the FDIC and SIPC limits is still protected under the Securities and Exchange Commission‘s (SEC) Customer Protection Rule 15c3-3. This rule ensures extra funds are backed by IBKR’s own financial strength, adding another layer of security for clients.

With more investors focusing on keeping their money safe, this program is a timely move by Interactive Brokers. It shows their commitment to offering top-notch safety while maintaining the flexibility clients need to invest confidently. Whether youre an individual trader, part of an institution, or sharing a joint account, this program makes sure your cash is secure.

Interactive Brokers continues to stand out by blending cutting-edge trading tools with strong safety measures. The Insured Bank Deposit Sweep Program is a big step forward, offering clients a trusted way to protect their money while navigating todays fast-moving financial world.

Secure your cash with Interactive Brokers new FDIC Sweep Program! Sign up today to protect up to $5M for individual accounts or $10M for joint accounts. Visit IBKR broker's page below for details.

Interactive Brokers:https://www.wikifx.com/en/dealer/0001646186.html