Interactive Brokers LLC has rolled out a new program providing additional protection for uninvested cash held in IBKR Pro individual, IRA, and institutional brokerage accounts.

As of May 27, 2025, the Insured Bank Deposit Sweep Program offers up to $5 million in FDIC insurance coverage on free cash balances in individual or institutional accounts, and up to $10 million for joint accounts.

This protection complements the existing SIPC coverage of $250,000, bringing the total insured amount to $5.25 million for individuals and $10.25 million for joint accounts.

Cash balances above those limits remain protected under the SEC’s Customer Protection Rule 15c3-3, backed by the firm’s equity capital.

The program does not impact account features or trading capabilities. Clients will continue to earn interest on cash balances and retain full access to funds for trading across stocks, options, futures, currencies, and bonds on over 160 global markets.

Stay tuned to PropInsider for continued coverage of regulatory developments affecting the funded trading industry.

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