I do not think that transferring to IBUK will have an impact at this moment (if at all possible). The link posted upthread by saver007 mentions that: "Currently, IB UK clears all client activity through IB LLC with the exception of physical commodities (i.e., gold and silver) and those CFDs which are not exchange listed.". I think their transferring of more activities to the UK branch is a good sign though for us international investors.SurferD wrote:Hi All,
I must say this post is disheartening..I have just opened a US based IB account and also have started investing in Ireland domiciled ETFs like many on here and this is an added worry now. I guess the only hope is to see if eventually we can transfer our holdings to IB UK (with the associated downsides).
Hopefully we can find a solution
SurferD
I have an account with a Dutch reseller of IB and on their website they say that I will only fall under FSCS compensation (UK) for forex, futures, options and commodities. All the rest (including a cash balance) is covered by the SIPC (US). So I think the info posted in this thread is correct, best to hold non-US domiciled ETFs and keep the cash balance under 60,000 USD (even when transferring your US assets, like TedSwippet mentions).