IPF coverage cannot be provided to certain legal entities (e.g. institutional investors, local governments, economic organizations permanently and wholly owned by the state) and private individuals, in particular owners of an investment services company insured through the IPF, and their immediate family members. All investors (legal entities, unincorporated companies and individuals), except for those excluded by law, are entitled to compensation.

Compensation under the IPF is limited to a maximum amount of EUR 100,000 per investor, with the IPF covering 100 % of the value up to HUF 1 million and then 90 % of claims exceeding HUF 1 million. The coverage provides protection against the default of the investment firm, not against the loss of the market value of the financial products.

The IPF operates under and in accordance with the provisions of Act CXX of 2001 on the Capital Market, which comes into force on January 1, 2020 and regulates 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 (e.g., how the IPF works, what is protected, how to apply, etc.), please visit 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

The following facts provide information on the strengths and securities of the Interactive Brokers Group

IB is a regulated broker under SEC and CFTC standards. As such, IB is subject to the regulatory requirements that apply to investments with its own client funds. Permitted investment vehicles include deposits and a variety of prime government bonds and other related financial instruments. IB's current investment policy, meanwhile, reflects a much narrower, more risk-averse corporate philosophy. IB invests customer funds exclusively in government bonds and repos (money market instrument), cash bank deposits with major banks and A-rated money market funds (in which IB invests less than 2% of customer funds).

In addition, IB further limits its exposure to customer funds through the following credit policies:

• holding investments in highly liquid, short-term instruments.
• spreading customer funds across different major banks and parties so as not to be overly exposed to individual counterparties.
• analyzing risk factors through our Credit Committee of Counterparty Financial Conditions and, if circumstances permit, permitting investment enforcement with or through a counterparty.

IB's investment policy is very conservative. Their strict adherence to guidelines when investing client funds minimizes our and your risk in uncertain credit environments.