HUG'S recommends you to open accounts with the leading US broker with more than 40 years of successful experience - Interactive Brokers. Interactive Brokers is registered with the US Securities and Exchange Commission (SEC) and deals with brokerage / dealer activities in more than 120 markets around the world. The license is SEC # 8-47257. More information about Interactive Brokers can be found on the FINRA Financial Services Regulatory Authority
Guarantees and risks
All your assets are in your personal account, therefore you do not face HUG'S credit risks.
The risks of the broker can be estimated based on the information below:
Your account with Interactive Brokers is insured by the US Securities Investor Protection Corporation (SIPC) for up to $ 500,000 (of which no more than $ 250,000 is cash). Guarantees extend to the accounts of citizens of other countries in full in addition, IB customers will be able to take advantage of the insurance of the Federal Deposit Insurance Corporation (FDIC) in the amount of up to $ 2,500,000 for customer funds that IB keeps on accounts in first-class banks. For more detailed information you can follow the link
Alltogether, for cash balances on your account with Interactive Brokers there is a total guarantee of up to $ 2,750,000, and for securities - up to $ 500,000.
For additional materials on the topic you can learn by clicking on the links: