US brokerage ecosystem recommends that every investor account should have insurance. 

Stockal's brokerage partner, DriveWealth LLC, a member of the Securities Investor Protection Corporation (SIPC), will serve as the custodian for your securities account. In the event that DriveWealth LLC fails and is placed in liquidation under the Securities Investor Protection Act, securities in your brokerage account is protected up to $500,000. For details, please see www.sipc.org.

DriveWealth is committed to safeguarding its partners and their customers. The firm has secured excess SIPC insurance, protecting the standard SIPC coverage of $500,000 per customer (including $250,000 for uninvested cash). Under the excess SIPC coverage, customers are protected up to $49 million in securities and $1 million in cash per single account, for a total of $50 million per account.

SIPC does not protect against the decline in value of your securities. SIPC does not protect individuals who are sold worthless stocks and other securities. SIPC does not protect claims against a broker for bad investment advice, or for recommending inappropriate investments. Also, SIPC does not protect loaned securities under FPSL