Safeguarding Your Accounts
Helping protect our customers' assets is an important part of our commitment to providing the best service possible.
Open an AccountFDIC Insurance
The Federal Deposit Insurance Corporation (FDIC) is a U.S. government agency that insures cash deposits at FDIC member banks, generally up to $250,000 per account.
FDIC Insurance Protection
Cash deposits at FDIC member banks are insured up to $250,000 per account by the U.S. government agency.
Brokered CDs
Certificates of deposit offered through ZenTrading are issued by banks and eligible for FDIC insurance coverage.
Cash Management Account
Uninvested cash balances are swept into FDIC-insured interest-bearing accounts at program banks.
Retirement Accounts
Traditional, Rollover, SEP, Roth, and SIMPLE IRAs with FDIC-insured cash positions.
ZenTrading's FDIC-Insured Deposit Sweep Program
Our sweep program automatically maximizes your FDIC insurance coverage by distributing uninvested cash across multiple program banks.
Program Features
How It Works
Automatic Sweep
Uninvested cash is automatically swept to program banks for FDIC coverage.
Distribution
Funds are distributed across multiple banks to maximize insurance coverage.
Overflow Protection
Excess amounts go to Money Market Overflow fund with SIPC coverage.
Full Access
View cash distribution and access funds anytime through your account.
SIPC Coverage
The Securities Investor Protection Corporation (SIPC) is a nonprofit organization that protects stocks, bonds, and other securities in case a brokerage firm goes bankrupt and assets are missing.
Securities Protection
SIPC protects stocks, bonds, and other securities if a brokerage firm goes bankrupt and assets are missing.
Cash Protection
Cash held in brokerage accounts is covered by SIPC up to $250,000 as part of the total coverage limit.
Money Market Funds
Money market funds held in brokerage accounts are considered securities and covered by SIPC.
All Brokerage Accounts
Every ZenTrading brokerage account automatically receives SIPC protection at no additional cost.
Excess of SIPC Coverage
In addition to SIPC protection, ZenTrading provides additional "excess of SIPC" coverage. This excess coverage would only be used when SIPC coverage is exhausted.
Excess of SIPC Coverage
Additional protection beyond standard SIPC limits provides enhanced security for larger accounts.
Unlimited Securities Coverage
No per-customer dollar limit on coverage of securities within our excess protection policy.
Cash Awaiting Investment
Enhanced coverage for cash positions waiting to be invested in securities.
Industry Leading
Maximum excess of SIPC protection currently available in the brokerage industry.
Other Types of Protection
Mutual Fund Protection
Mutual fund assets are held separately from ZenTrading's assets, protecting them from creditors.
Workplace Retirement Plans
401(k) and 403(b) assets are held in trust, segregated from employer and recordkeeper assets.
Custodial Segregation
Fund assets are held by custodians separate from any other ZenTrading assets.
Federal Law Protection
Retirement plan services governed by federal laws requiring asset segregation.