The Securities Investor Protection Corporation (SIPC) protects customers of its member brokerage firms if a member firm fails. In that case, SIPC may protect the cash and securities the firm holds for you, up to USD 500,000 per customer, of which no more than USD 250,000 may be cash.
Our US broker, Alpaca Securities LLC, and its clearing firms, Velox Clearing LLC and Vision Financial Markets LLC, are SIPC members. Gotrade Securities Inc. is not. The protection applies to you through our fully disclosed arrangement with Alpaca.
SIPC is not insurance against investment losses. It does not protect against a fall in the market value of your investments.