Day: October 1, 2023

Interactive Brokers Merger – What Does It Mean For Your Portfolio?

October 1, 2023 Team Bankeronwheels

Interactive Brokers (IBKR) is one of the largest brokers in the world, with a $37 bn market cap and ‘A-‘ Credit Rating from S&P.
In September 2023, it announced merging its EU operations, and moving all customers to its Irish entity (IBIE).
We don’t know the exact reasons for this move, except the stated efficiencies, but in January 2024, the U.S. ends its double taxation treaty with Hungary, where its second entity was based.
Most of its Central and Eastern European customers were historically assigned to the Hungarian entity (IBCE).
For most IBKR customers, the major difference will be the change of the regulator. IBIE falls under the supervision of the Central Bank of Ireland, whereas IBCE fell under the supervision of Hungarian Central Bank. Both countries have difference Investment Compensation Schemes.

How To Choose A Safe Stock Broker?

October 1, 2023 Raph Antoine

Imagine discovering your broker has gone belly-up overnight, leaving your hard-earned investments in the balance. In a market where investors tirelessly chase after low fees, the often-ignored specter of broker failure lurks in the shadows.

The collapse of a broker isn’t just a plot twist in a Hollywood blockbuster—it’s a stark reality that has left many investors stranded and panicking.

Could your broker be next? What safeguards do you have in place?

Here is what you need to know to protect your savings.