When you open a Wealth account, your investments are protected by the Securities Investor Protection Corporation (SIPC). SIPC safeguards the actual securities held in your account, such as stocks and ETFs, in the rare event that your brokerage firm fails, but it does not protect against market losses or investment performance fluctuations.
What SIPC insurance covers?
Up to $500,000 per account
Protection applies in the event of broker-dealer insolvency
Protection doesn't apply in the event of losses due to market fluctuations
What is the additional protection with DolarApp?
Our brokerage partner, Alpaca Securities, offers additional insurance via providers at Lloyd’s of London, which provides:
Coverage up to $30 million per account
Aggregate limit of $150 million across all accounts
Again, protection applies in the event of broker-dealer insolvency
To better understand SIPC’s coverage and limits, explore:
Need help? Contact us via the in-app support chat or email help@dolarapp.com.