The Traderszone Network

Published in TZ Latest News 5 November, 2017 by The TZ Newswire Staff

FDIC insurance for broker?

My trading fund is approaching 100k and might add another 200k if I sell my house and start trading with 300k. My understanding is for single person, the fdic insurance for normal checking bank is 250k. I am not sure same FDIC insurance covers brokerage account? Or not or anything different?

With that large sum held in your account, my concern is becoming how I do secure it?
One way is I am planning to another brokerage account or two and distribute the fund evenly.
Thanks.,