Yes. As a regulated company, our clearing broker is required to segregate client money from its own money. Regulations in the United States prevent regulated firms (like Alpaca) from comingling client money with their own money. In addition, Alpaca is a SIPC member, which extends protection of up to $250,000 in cash and up to $250,000 for securities. This protection is extended to you as a Gotrade user.
Written by LucyUpdated over a week ago