Your investments are held safely with Alpaca LLC, a U.S.-regulated firm that acts like a secure custodian for your funds. They have several safety nets in place:
SIPC protection: Think of this as insurance for your investment account if Alpaca were to go bust. It covers you for up to US $500,000 (including US $250,000 cash coverage).
Additional insurance: For extra peace of mind, Alpaca has added another layer of insurance protection on top of the standard SIPC coverage. They've secured an additional policy through Lloyd's of London that kicks in when SIPC limits are used up.
Funds kept apart: Your money is never mixed with Alpaca's operational funds. It's held in separate, dedicated accounts for your protection.
Regular check-ups: Alpaca is regularly audited and undergoes compliance checks to ensure they follow regulatory standards designed to protect you.
Secure Login: Your account uses multi-factor authentication to make sure only you can access it.
What security measures protect my account?
In addition to multi-factor authentication, we have several measures to protect your account:
Ongoing monitoring: We conduct regular security checks and actively monitor for any potential threats or unusual activity.
Automatic logout: For your safety, we'll automatically log you out of after a period of inactivity.
Notifications: We'll contact you right away if there are important changes to your account or if we notice any suspicious activity.