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Unlimited Account Protection
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Invest with peace of mind knowing that your Firstrade account is protected up to the total net equity, with no limit for cash or securities. |
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Your personal goals and financial objectives are critical factors
in determining how your portfolio should be invested. Of equal importance
is the assurance that the assets in your account are properly safeguarded.
You can take comfort in knowing that we offer the highest level of coverage
available in the financial services industry.
Through our clearing firm, Ridge Clearing, your account is protected up to the total net equity, with no limit for cash or securities. The Securities Investor Protection Corporation* (SIPC) provides the first $500,000 of coverage, with a limit of $100,000 for cash holdings. Customer Asset Protection Company, a licensed New York insurer (CAPCO) provides the remaining "Excess SIPC" coverage on the securities and cash balances in your account -- including money market funds.
SIPC was created in 1970 as a non-profit, non-government, membership organization, funded by member broker/dealers. Its primary role is to return funds and securities to customers if the broker/dealers holding their assets become insolvent.
It is important to understand that SIPC and "Excess SIPC" protect customer accounts against losses caused by the financial failure of the broker-dealer, but not against an increase or decrease in the market value of securities in customers' accounts. SIPC does not protect against market risk, which is the risk inherent in a fluctuating market.
SIPC protects most types of securities, such as notes, stocks, bonds, mutual funds and other investment company shares, and other registered securities. It does not cover instruments such as unregistered investment contracts, unregistered limited partnerships, and interests in gold, silver, or other commodity contracts or commodity options.
*Member of SIPC. Securities in your account protected up to $500,000. For details, please see www.sipc.org.
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Take a Tour!
Watch our flash-based tutorial to learn more about Firstrade, and how you can open an account in minutes!
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No Account Minimums
Have some funds available? We do not have any minimum initial deposits or minimum maintenance requirements at Firstrade. Apply for a new account today.
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No Inactivity Fees
Plan to make trades only several times a year? No problem! We do not impose any inactivity fees. Additionally, all of our customers can enjoy our low commission rates.
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No-Fee IRAs
Ready to build a substantial retirement nest egg? Firstrade offers No-Fee IRAs, so that you can start saving for your future.
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