CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Deposit Insurance
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!
Comparison
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.
IBCE
IBIE
IBLLC
Country
Hungary
Ireland
USA
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.
Further details on the legal framework, contact details and the regulation of IB Hungary (IBCE) can be found here.
Further details on the legal framework, contact details and the regulation of IB Ireland (IBIE) can be found here.
Further details on the legal framework, contact details and the regulation of IB US (IBLLC) can be found here.