SIPC Brokers for 2021

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

SIPC Brokers Guide

Updated March 03, 2021

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've collected thousands of datapoints and written a guide to help you find the best SIPC Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best SIPC Regulated Investment Platforms below. You can go straight to the broker list here.

Reputable SIPC Brokers Checklist

There are a number of important factors to consider when picking an online SIPC Regulated Investment Platforms trading brokerage.

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

Our brokerage comparison table below allows you to compare the below features for brokers offering SIPC Regulated Investment Platforms.

We compare these features to make it easier for you to make a more informed choice.

Top 15 SIPC Regulated Investment Platforms of 2021 compared

Here are the top SIPC Regulated Investment Platforms.

Compare SIPC Regulated Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees 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 Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) 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 200 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 17,000,000+ 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
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
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 67% 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 IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, 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

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 2021 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 : 200
eToro was established in 2007 and is used by over 17000000+ traders. 67% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). Cryptocurrency availability with eToro is subject to regulation.

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 Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
webull
(2/5)
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 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 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 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 Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC)