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Anonymous

20 Oct 2020

∙

General Investing

Is IBKR still recommended over FSMOne or SCB for new investors since IBKR SG is not SIPC covered unlike IBKR LLC?

Standard Chartered Online Trading Interactive Brokers FSMOne Fundsupermart

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Since there is a IBKR SG, is it still possible to open an account in IBKR LLC? How do I do so?

If I wish to open an account, can I still open US account instead of SG account? Because I heard SG account is not covered under SIPC.?

Would you recommend that a new investor go into the market now? I've heard rumblings of an "overdue" recession since we've had a long bull run. And if yes, what sort of portfolio would you recommend, assuming a recession might hit us soonish?

Hi I was wondering if IBKR SG is covered by SIPC for US stocks.

Seedly article by Joel Koh mentions IBKR SG acc customers are covered by SIPC insurance for up to US$500k for securities and cash (including a US$250k limit for cash only). Is this info accurate?

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Related Posts

Since there is a IBKR SG, is it still possible to open an account in IBKR LLC? How do I do so?

If I wish to open an account, can I still open US account instead of SG account? Because I heard SG account is not covered under SIPC.?

Would you recommend that a new investor go into the market now? I've heard rumblings of an "overdue" recession since we've had a long bull run. And if yes, what sort of portfolio would you recommend, assuming a recession might hit us soonish?

Hi I was wondering if IBKR SG is covered by SIPC for US stocks.

Seedly article by Joel Koh mentions IBKR SG acc customers are covered by SIPC insurance for up to US$500k for securities and cash (including a US$250k limit for cash only). Is this info accurate?

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