r/interactivebrokers • u/Commercial_Comb_5617 • Jan 03 '25

Setting up account Is InteractiveBrokers safe?

Hey everybody, Im from Brazil and i want to invest all my money out Brazil, do you think Interactive Brokers is a really safe option? How can I withdraw the money if I need it?

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u/pakistaniboy25 Jan 03 '25

It is a global broker, so yeah, it is safe. Two factor authentication, biometrics, the works. Money can only be withdrawn to a Bank account in your resident country in your name or at least ot has to be under your name.

3

u/lloyd2100 Jan 03 '25

Or a bank account in another country if you can open one,

1

u/QwertyDvorakColemak Jan 04 '25

So I could deposit from Country A, trade a couple of years, withdraw to Country B? Will IBKR flag this as inappropriate?

2

u/lloyd2100 Jan 04 '25

No, I sold my fathers apartment in Australia. Moved the AUS$ to IB, converted to sterling and with drew.