For discussion purpose, I did my research sometime ago.
單親爸爸撞牆記@懶系投資法: IB的資產保障
A HK blogger did his research in 2017
From what I perceive: IB LLC is a US entity while IB HK is a HK Entity.
And if you open your IB acc in HK, your asset is under IB HK. So there is no protection under SIPC.
Please refer to: https://www.interactivebrokers.com.h...p?f=2334&p=acc
Several years ago, IB forced clients based in HK to transfer their asset to IB HK. It had already stirred up a fear of no SIPC protection in the traders' community.
Refer to: https://www.elitetrader.com/et/threa...-ib-hk.296054/
Some of my friends in HK understand that there is no SIPC protection for their assets.
So they use skype to setup a truly american Charles Schwab account in order to enjoy the SIPC.
If anyone is bother about the SIPC, please make sure you setup your account via "America's channel".
Personally, I don't setup such account in US broker as I am concerned about the estate tax in case of any unexpected death...(no such tax in HK)
I will prefer to use utilise my voluntary MPF contribution to access US/international market.
Sorry for my poor English. Hope it helps.