What we do with your money

What does IG do with my money?

Unlike banks, investment firms like IG are required to separate client money and assets from their own resources. This means that we’re not allowed to use them in the course of our business activities, and that client money is completely ring-fenced and protected in the unlikely event that IG became insolvent.

IG is authorised to conduct investment business by the Bermuda Monetary Authority (BMA). The BMA requires the firms they supervise to hold client funds in accounts separate to their own.

What happens to the money and assets in my US options and futures accounts?

If you have a US options and futures account with us, any money you deposit will automatically be converted to USD and securely transmitted to our clearing, custody and settlement partner, Apex Clearing Corporation (Apex), which is based in the US. Apex is subject to US laws and regulation around holding client money and is required to hold client money and assets separately from its own funds.

As well as being regulated in the US, Apex is a member of the Securities Investor Protection Company (‘SIPC’), which means money and assets held by Apex are covered by SIPC insurance protection.

When you use the US Options and Futures platform to trade, Apex will hold any assets that result from the transaction in accordance with US laws. The terms and conditions of this service are set out in your Apex agreement, which you receive when you open your account.

In the unlikely event that Apex becomes insolvent and can't return your money or assets, you'll be protected by the SIPC as follows:

• Cash and securities (stocks, shares and options) up to $500,000 total protection
• Cash protection under SIPC protection is limited to $250,000 within the $500,000 total