Security & Risks » Security Center

Account protection and the safety of personal information are the types of things that every online investor needs to be able to take for granted. At optionsXpress, we consider these to be among our most important responsibilities to our customers.

Financial Security

We are a member of SIPC, the Securities Investor Protection Corporation, which protects against losses caused by the financial failure of the broker-dealer, but not against losses resulting from depreciation in a security’s value. Your optionsXpress accounts are SIPC insured up to $500,000 (including up to $250,000 for cash claims).

Additionally, optionsXpress at its own initiative, and at no additional cost to you, has secured excess SIPC coverage to provide additional account protection beyond the standard limits. Our excess SIPC policy covers in the aggregate up to $100,000,000 each and every loss, subject to a maximum limit of $24,500,000 per customer, $900,000 of which may be cash. Please contact us for more details.