Insuring broker account funds oneself: Possible ?

[BSD]

(Sorry for the two threads, but I just realize I should have posted it here where traffic / viewers are higher, now I can't delete the other one, and it is kind of urgent for me to find a solution one way or another).

I know that IB insure funds up to 30 mill and also have very many other good and great things going for them, but what speaks against them, at least for me, is an incredibly clunky platform, bad charting with lots of mistakes and freezes that would necessitate a third party add-on, no proper money management position sizing calculator, and some other isssues.

I'll probably go with them, but not if there is a far easier and fully viable alternative.

Here's the idea:

Does anybody know if it is possible to insure your funds that you're sending out to your broker who does not offer account insurance, does anyone know if it is possible to insure those funds yourself against bankruptcy and fraud etc via some insurance firm, or via buying bonds and holding them as a deposit in some way ?

This is kind of out of the box I fully realize, but I would appreciate any and all creative ideas, or ideas based on experience, very much.

Thanks !

 

[fifty2aces]

Never heard of anyone doing this, but what about CDS (Credit Default Swap) - not sure how easy it would be to get, but would pay out if your broker went bankrupt.

 

[BSD]

Fifty, thanks, I'll look into that.

Seems like it might be easier to insure my bottom than my funds so far though unless I deal with IB.

Hmm.