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Are OptionsHouse accounts insured?

April 26, 2017accounts insured optionshouse

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Are OptionsHouse accounts insured?

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For your protection, OptionsHouse is a member of the Securities Investor Protection Corporation (SIPC), which protects its members’ securities customers up to $500,000 (including $100,000 for cash claims). An explanatory brochure is available upon request or at www.sipc.org. Additionally, our clearing firm holds excess SIPC Insurance ($200,000,000 in the aggregate), over all customer accounts, subject to a maximum limit of $900,000 per customer in respect to cash. This “excess SIPC” protection is in addition to the protection provided by the Securities and Investors Protection Act, which is administered by SIPC and is subject to certain conditions and limitations, details of which are available upon request. Note that SIPC and excess SIPC provide coverage against loss of securities and cash, not against market depreciation, fluctuation in market value of your securities, or trading losses.