SIPC Brokers for 2024

We found 5 online brokers that are appropriate for Trading SIPC Regulated Investment Platforms.

SIPC Brokers Guide

Analysis by Andrew Blumer, Updated Last updated - March 26, 2024

SIPC Brokers

Securities Investor Protection Corporation, also known as SIPC, is a U.S.-based, non-profit corporation providing investment protections to U.S. investors, especially brokerage clients. The corporation provides protection against financial troubles or irregularities of incorporated SIPC-member brokers. The protection covers the loss of cash and securities.

Unlike regulated brokers, SIPC brokers aren't country-specific or nation-exclusive. Not only U.S. investors, but any non-U.S. investor who uses the services of SIPC brokers are subject to financial protection with the same treatment. That's why SIPC membership is a top-notch reference for investors when looking for brokerage services.

The Limited Protection

SIPC actually provides you with limited protection, perhaps more limited than you might have imagined. They cover the restoration of your cash and securities that are available in your accounts at the time of liquidation. In other words, SIPC only provides protection on the brokerage custody function. The protection doesn't cover the devaluation of your securities and other traded instruments if you've sold securities or instruments of no value, managed by the brokers. Consequently, claims of bad investment recommendations aren't covered either. You proceed with any investment decisions at your own risk, even when using SIPC members.

SIPC provides different kinds of financial protections in the same way the FDIC does. The value of securities isn't subject to SIPC's protection. It means that the dynamics of fluctuations in the market, let's say for stocks, are risks and potentials that you bear individually as an investor. Whenever the value of your instruments falls in the market for some reason, SIPC won't bail you out, and you can't claim any disadvantages for it. What is covered in SIPC protection includes cases where you are losing or missing your securities that were handled by SIPC-member brokers. Whenever possible, SIPC would replace your losses.

SIPC Protection

There are differences between common regulations and SIPC in protecting your investments in brokerage services. So, how does SIPC protection actually work? SIPC protects your money deposited in the form of securities that you have purchased and stored in your online account at that brokerage site. Basically, SIPC protects your money in relation to deposit transactions conducted between you, as the client, and the SIPC-member broker(s).

It should be noted that the cash or transactions related to the trading mechanisms aren't covered in SIPC's protection. SIPC protects money market mutual funds as securities, because they are usually considered to be cash. Any cash held under transactions between brokers and clients is protected by SIPC. These include when you purchase securities from the SIPC-member brokers. On the other hand, SIPC's securities purchase protection covers all transactions in any currency.

At this point, you can rest assured with what you've purchased from SIPC-member brokers, but you shouldn't expect protection against loss in your trading or investment decisions. Any investment advice you get from brokers should be researched further, and you should proceed with it at your own risk. At the very least, SIPC approval would definitely protect you from scam brokers that usually play in the areas of deposits, bonuses, and withdrawals.

SIPC Coverage

SIPC covers the protection of purchases in diverse securities. These include: mutual funds, bonds, stocks, certificates of deposit, Treasury securities, money market mutual funds, and so forth. It should be noted that SIPC doesn't protect some popular instruments, such as: Forex trading, futures contracts, investment contracts, and non-registered fixed annuity contracts. When it comes to futures contracts, SIPC can protect them if they are drafted in a special portfolio margin account. Generally speaking, SIPC only protects what is categorized as 'securities', as defined in the Securities Investor Protection Act. There are actually more securities covered in the act.

Online brokers are typically not securities-exclusive. As you might have known, online brokers may offer a diverse range of instruments, and securities are only one of them. At this point, even an online broker that has SIPC approval, not only offers securities, but also, other instruments like Forex, cryptocurrencies, CFDs, and so forth.

SIPC Brokers Verdict

You may have to check what's included as securities in the instruments hosted in those brokerage sites. If you have diverse portfolios, sharing both securities and non-securities assets, SIPC only protects the securities. Regardless of the advantages of using SIPC, investors should be aware of the limitations. If you want to diversify your portfolios, aside from securities that aren't covered in SIPC protections, then you'd need to find SIPC members with relevant licenses issued by regulatory bodies.

In general, SIPC provides valuable protection for investors against scammers and fraudulent transactions when purchasing securities in a brokerage service. SIPC protects your cash held under the reference of securities sales through any SIPC-member broker.

We have conducted extensive research and analysis on over multiple data points on SIPC Brokers to present you with a comprehensive guide that can help you find the most suitable SIPC Brokers. Below we shortlist what we think are the best SIPC Regulated Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching SIPC Brokers.

Reputable SIPC Brokers Checklist

Selecting a reliable and reputable online SIPC Regulated Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade SIPC Regulated Investment Platforms more confidently.

Selecting the right online SIPC Regulated Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of SIPC Regulated Investment Platforms in Our Brokerage Comparison Table

When choosing a broker for SIPC Regulated Investment Platforms trading, it's essential to compare the different options available to you. Our SIPC Regulated Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a SIPC Regulated Investment Platforms broker that best suits your needs and preferences for SIPC Regulated Investment Platforms. Our SIPC Regulated Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 SIPC Regulated Investment Platforms of 2024 compared

Here are the top SIPC Regulated Investment Platforms.

Compare SIPC Regulated Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a SIPC Regulated Investment Platforms broker, it's crucial to compare several factors to choose the right one for your SIPC Regulated Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are SIPC Regulated Investment Platforms. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more SIPC Regulated Investment Platforms that accept SIPC Regulated Investment Platforms clients.

Broker eToro webull m1finance cimbanque WhoTrades
Rating
Regulation FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FINRA) Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC) Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC) Cyprus Securities and Exchange Commission (CySEC), Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC)
Min Deposit 100 50 No minimum deposit 100 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 30,000,000+ 5,000+ 10,000+ 10,000+ 10,000+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Low min deposit
  • Allows hedging
  • Low min deposit
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Demo account
  • Mini account
  • Standard account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • ECN account
Platforms Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Desktop,Android,iPhone/iPad,Mac Android ,iPhone,Mac,iPade Mac, Mirror Trader, Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
etoro
Sign Up with
webull
Sign Up with
m1finance
Sign Up with
cimbanque
Sign Up with
whotrades
Risk Warning 76% of retail investor accounts lose money when trading CFDs with this provider. Your capital is at risk Your capital is at risk Your capital is at risk Losses can exceed deposits
Demo eToro
Demo
Webull
Demo
M1 Finance
Demo
CIM Banque
Demo
WhoTrades
Demo
Excluded Countries ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, UK, AU, SA, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX

eToro Risk Disclosure

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.


All SIPC Regulated Investment Platforms in more detail

You can compare SIPC Regulated Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top SIPC Regulated Investment Platforms for 2024 article further below. You can see it now by clicking here

We have listed top SIPC Regulated Investment Platforms below.

SIPC Brokers List

eToro
(4/5)
Min deposit : 100
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 30000000+ traders. 76% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
webull
(4/5)
Min deposit : 50
Webull was established in 2017 and is used by over 5000+ traders. Your capital is at risk Webull offers Stocks, Options, ETFs, ADRs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FINRA)
m1finance
(3/5)
Min deposit : 0
M1 Finance was established in 2008 and is used by over 10000+ traders. Your capital is at risk M1 Finance offers Forex trading, Social trading, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Desktop,Android,iPhone/iPad,Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC)
cimbanque
(3/5)
Min deposit : 100
CIM Banque was established in 1995 and is used by over 10000+ traders. Your capital is at risk CIM Banque offers Forex trading, CFD trading, .

Funding methods

Bank transfer Credit Card Paypal

Platforms

Android ,iPhone,Mac,iPade

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC)
WhoTrades
(3/5)
Min deposit : 100
WhoTrades was established in 2006 and is used by over 10000+ traders. Losses can exceed deposits WhoTrades offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC)

Learn more Learn more about eToro.
76% of retail investor accounts lose money when trading CFDs with this provider.
TRADE NOW Try eToro today
76% of retail investor accounts lose money when trading CFDs with this provider.