Certain clients of Interactive Brokers Central Europe Zrt. are protected by the Hungarian Investor Protection Fund (“IPF”).
The IPF coverage may not be granted to certain legal entities (e.g. institutional investors, local governments, business organisations permanently and fully owned by the state); and private individuals, particularly proprietors of an IPF insured investment service provider, as well as their immediate relatives. All investors (legal entities, companies without legal entity and natural persons), other than the persons excluded under law, are eligible for compensation.
Compensation under the IPF is limited to a maximum of €100,000 to each investor where the IPF will pay 100% of the value up to HUF 1 million and then 90% of the claim over HUF 1 million. The coverage provides protection against the failure of the investment firm, not against loss of market value of financial products.
The IPF operates pursuant to and in compliance with the provisions of Act CXX of 2001 on the Capital Market, effective as of 1 January 2020, governing the Investor Protection Fund, subject to the amendments provided for in Act CXVIII of 2019. For more information about the IPF and answers to frequently asked questions (such as how IPF works, what is protected, how to file a claim, etc.), please refer to the following website:
Hungarian Investor Protection Fund
Or contact the IPF at:
The Investor Protection Fund
1476 Budapest, Pf.: 495
Hungary
Email: beva@bva.hu
Phone: +(36-1) 216-7130, 216-7131
Interactive Brokers Central Europe Zrt. custodies certain of your securities positions with its US affiliate, Interactive Brokers LLC ("IBLLC"), which is licensed by the US Securities & Exchange Commission and a member of the US Securities Investor Protection Corporation ("SIPC'). To the extent that your securities (or cash balances, to the extent they are acting as margin in support of a short stock or option position carried by IBLLC) are custodied at IBLLC, they are protected by SIPC for a maximum coverage of $500,000 (with a cash sublimit of $250,000) and under Interactive Brokers LLC's excess SIPC policy with certain underwriters at Lloyd's of London for up to an additional $30 million (with a cash sublimit of $900,000) subject to an aggregate limit of $150 million. Futures and options on futures are not covered. This coverage provides protection against failure of a broker-dealer, not against loss of market value of securities. In the unlikely event it should ever become necessary to assert a claim in a SIPC insolvency proceeding as a result of a failure of IBLLC, Interactive Brokers Central Europe Zrt. will make the claim on your behalf.