When you invest your money with Beanstox, we take every precaution possible to ensure your funds are safe and your Beanstox account is secure.
When you deposit funds into your Beanstox account, the assets in your personalized ETF portfolio (the securities you hold) are protected by the Securities Investor Protection Corporation (SIPC) for up to $500,000. This means that in the improbable event the Carrying Broker, DriveWealth, shuts down, your account would still be safe and protected.
Does this mean my money is safe from market changes too?
The SIPC does not protect you from the usual ebbs and flows of the stock market. When you invest in the stock market there are inherent risks you need to consider, including the possibility of losing money.