Interactive Brokers has initiated internal restructuring measures in the wake of Brexit and in 2021 began to redistribute all European customers who have their permanent residence in the European Economic Area (EEA) to the newly established European branches.
Individual accounts will be opened by FXFlat through IB Hungary, while joint accounts will be opened through IB Ireland.
Furthermore, FXFlat will refer clients who reside outside the EEA to IB LLC. Please note that for customers within the EEA the IB LLC will not be accessible!
FXFlat has the possibility to open accounts through three different branches (IBCE, IBIE and IBLLC) at Interactive Brokers. Therefore, the allocation of your brokerage account opening depends on both the account type and your permanent residence.
You can find the details in the comparison table.
|Regulated by||Central Bank of Hungary||Central Bank and Financial Authority of Ireland||Securities and Exchange Commission (SEC)|
|Deposit Insurence securities||up to €100,000||up to €20,000||up to $250,000|
|Deposit Insurence cash||up to €100,000||up to €20,000||up to $250,000|
|Deposit Insurence total||up to €100,000||up to €20,000||up to $500,000|
|Account type||Single account (within EEA area)||Joint account (within EEA area)||Single account, Joint account (outside EEA area)|
The EEA area includes the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.