Yes, TradeUP Securities, Inc. is a registered broker dealer and a member of Securities Investor Protection Corporation (SIPC). Your account(s) at TradeUP are protected by the SIPC with no additional cost to you.
SIPC provides protection to the securities (such as stocks, bonds, mutual funds) and cash in your brokerage account of up to $500,000 ($250,000 limit for cash).
SIPC protections are activated when client assets goes missing from a financially troubled (bankrupt) SIPC-member brokerage. If a brokerage firm is unable to return the securities or cash to the investor, then SIPC will step in and make sure the investor is made whole (of up to $500,000).
For more information on SIPC, please visit their website at: www.sipc.org.
Still got questions? Contact TradeUP Customer Support by email at support@tradeup.com or reach out to us on Live Chat!