# IBKR / shares are no longer separate assets, risk of losing everything above 20k

**URL:** https://forum.mustachianpost.com/t/ibkr-shares-are-no-longer-separate-assets-risk-of-losing-everything-above-20k/4738
**Category:** Investing / Brokers
**Created:** [November 20, 2020, 7:25am UTC](https://forum.mustachianpost.com/t/ibkr-shares-are-no-longer-separate-assets-risk-of-losing-everything-above-20k/4738 "2020-11-20T07:25:28Z")
**Posts on this page:** 1
**Showing post:** 7

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### Author: ![rolandinho](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/rolandinho/32/423_2.png) [@rolandinho](https://forum.mustachianpost.com/u/rolandinho)
#### Post date: [November 20, 2020, 12:37pm UTC](https://forum.mustachianpost.com/t/ibkr-shares-are-no-longer-separate-assets-risk-of-losing-everything-above-20k/4738/7 "2020-11-20T12:37:39Z")

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> [@Cortana](#):
>
> I think this was just related to cash and ability to buy US ETFs?

It was, in parts at least, about protection of the whole portfolio.

> [@Interactive Brokers: Brexit account migration = insurance drops from 500k USD to 20k EUR](https://forum.mustachianpost.com/t/interactive-brokers-brexit-account-migration-insurance-drops-from-500k-usd-to-20k-eur/4437/9):
>
> I just talked with a customer service support from regulatory and they said my account will be migrated to IB-EU. Also, the insurance degradation is towards assets on the entire account. Not just cash on hand. I don’t feel comfortable at all anymore.

But the topic does warrant a regular revival, until this whole business is done & through.

It’s a very good video. Good questions, clear answers.  
It only covered EU clients though, so CH clients could still be handled differently.

For EU clients:

- will be able to choose between staying with IB UK or getting moved to IB IE/LU/HU. (Depends where u live mostly which IB u land up in, u can’t choose that)
- will definitely be needed that one actively accepts such a move.
- if moved to IB IE/LU/HU protection on whole assets gets reduced from $500k to €20k, as that is the insurance that is regulatory available.
- IB is a large stable broker and “shouldn’t” go bankrupt (but yeah 🤷‍♂️)

New/unrelated info I picked up

- IB now supplies tax reports acc. to where u live acc. to that required in your jurisdiction - see under the usual “reportings” for it. Is generated & available within a few days after request.

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