What insurance or protection do I get for my account?

Winvesta’s brokerage partner, Alpaca LLC, is a member of the Securities Investor Protection Corporation (“SIPC”), which currently protects the securities and cash in your account up to USD 500,000, of which USD 250,000 may be in cash.

Please note that this USD 500,000 does not apply to the general losses in the stock market. 

SIPC says the following: SIPC protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially troubled SIPC-member brokerage firm. The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash. A non-U.S. citizen with an account at a brokerage firm that is a member of SIPC is treated the same as a resident or citizen of the United States.

SIPC does not protect against the decline in the value of your securities. SIPC does not protect individuals who are sold worthless stocks and other securities. SIPC does not protect claims against a broker for bad investment advice or for recommending inappropriate investments. 

Explanatory brochure available upon request or at www.sipc.org.