A Best Online Broker for Trading, Investing & Financial Planning

Financial Strength and Security: Account Protection

Account Protection

For Specific Coverage at Place Trade please view the following information:

At Place Trade Financial, our clients' securities accounts are protected under SIPC up to $500,000 (with a cash sub limit of $250,000).

In addition, our clients are covered, through our clearing firm, by an excess SIPC policy with Lloyd's of London insurers for an additional $30 million per account* (with a cash sub limit of $900,000). Clients requiring additional coverage (for accounts in excess of $30 million) may purchase additional coverage. Please contact us directly and we will assist you with a quote.

Your stocks, options, warrants, debt instruments, and cash -- denominated in all currencies -- are covered by this protection.

As with all securities firms, this coverage provides protection against failure of a broker-dealer, not against loss of market value of securities.

This protection is provided by the Securities Investor Protection Corporation (SIPC) and Lloyd's of London1 insurers. SIPC provides the first $500,000 per customer (including up to $250,000 for cash). For customers who have received the full SIPC protection, the Lloyd's policy provides up to an additional $30 million (including $900,000 for cash), subject to an aggregate limit of $150 million.

*For the purpose of determining a customer account, accounts with like names and titles (e.g. John and Jane Smith and Jane and John Smith) are combined, but accounts with different titles are not (e.g. Individual/John Smith and IRA/John Smith).

1Lloyd's of London is a world leader in the insurance industry.

Get extra protection for your account with our Secure Login System and always use one of our secure log in devices!

More Information Regarding SIPC Coverage

Place Trade Financial, Inc. is a member of SIPC.
SIPC protects cash and securities held with Place Trade.
SIPC does not generally cover commodity futures or options on futures.
SIPC protects cash, including US dollars and foreign currency, to the extent that the cash was "deposited with Place Trade for the purpose of purchasing securities."
SIPC does not generally cover cash or foreign currency that is not "deposited with Place Trade for the purpose of purchasing securities." For example, SIPC does not generally cover cash in commodity futures trading accounts.
Place Trade is not able to make any statements or representations about how cash deposited into a securities account in connection with forex trading or swept from a commodities account would be treated by SIPC. SIPC protection would depend in part on whether the cash was considered to be "deposited with Place Trade for the purpose of purchasing securities." Place Trade expects that at least one factor in deciding this would be whether and the extent to which the customer engages in securities trading in addition to or in conjunction with forex or commodities trading.

Account holders seeking further information should refer such inquiries to their own legal counsel or the SIPC.

For more information about SIPC or for a brochure please visit:

Please visit:

http://www.SIPC.org

Your Rights Under SIPC Protection

How SIPC Protects You

Contact SIPC at:

Securities Investor Protection Corporation
805 15th Street, N.W. - Suite 800
Washington, D.C. 20005-2215
Telephone: (202) 371-8300
Facsimile: (202) 371-6728

Place Trade Financial, Inc. (Member FINRA, SIPC) is a Financial Industry Regulatory Authority (FINRA) Member Firm. Place Trade also participates in SIPC and is a SEC and MSRB registered firm as well. Before you invest you should always check to make sure that the firm that you choose is either a FINRA or NYSE member firm and has sufficient account protection BEFORE you ever write a check! Check before you write one!

Please visit FINRA to learn more about investor protection and lots of great educational information.

Account Protection: Place Trade Accounts are insured up to $30 million per account. The first $500,000 (up to $250,000 in cash) is covered by SIPC. Clients are covered, through our clearing firm, by an excess SIPC policy with Lloyd's of London insurers for an additional $30 million per account* (with a cash sublimit of $900,000). Accounts held fund direct (with a mutual fund company and not held within your brokerage account [we offer mutual funds both within and outside of your brokerage account for your convenience]) will be covered by the policies of the individual investment companies that hold your investments.

For more information about SIPC or for a brochure please visit SIPC.

All investing involves risk, including the possible loss of principal and there can be no assurance that any investment strategy will be successful.

Get an idea of some of the investment offerings at Place Trade by checking out the links below:

International Trading

Cash & Wealth Management

Learn more about retirement planning by visiting some of the links below:

Individual Retirement Plans & Rollovers

Small Business & Enterprise - Qualified Plans

Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:

Coverdell ESA

529 College Savings Plans

UGMA/UTMA Accounts

Check out some of our popular links:

Trading Platforms

Online Trading Tools

Place Trader Workstation

Mobile Solutions

Online Trading

Open an Online Trading Account

All investing involves risk, including the possible loss of principal, and there can be no assurance that any investment strategy will be successful.

Please Note: Brokerage products are NOT FDIC insured or bank guarantee and may lose value.

PLACE TRADE^®, PT^SM, PTF^SM, PlaceTrade.com ^TM, Place Trader^SM, Place Trader Workstation^SM, The Smart Place to Trade^TM, The Smart Place for your IRA^TM, The Smart Place for your 401(k)^TM, The Smart Place to Trade Options^TM Financial Quarterback^TM, Jonesitus^TM and The Bond Queen^TM are service marks and/or trademarks of Place Trade Financial, Inc.

Please note that while Place Trade strives to offers extremely low overall trading costs including deep discount commissions and some of the lowest margin rates available we would like to remind investors that there will be trading costs associated with investing, trading and holding a brokerage account. Brokerage commissions and exchange fees along with potential other account fees, fund expenses and service fees may apply. Expenses related to your investment account may vary depending on the type of investments that you choose to hold, type of account, level of activity, account balance, tax withholding or other possible factors. Please consider your overall trading costs prior to investing.

The information on this website is for discussion and information purposes only. Nothing contained herein should be considered as an offer to buy or sell any security, securities product or service, nor should be considered as investment, legal or tax advice. Place Trade Financial is a registered broker dealer (Member FINRA/SIPC) however it is not registered in all states or jurisdictions. Place Trade does not solicit securities, products or services in any jurisdiction where it is not authorized to do so. Please contact Place Trade Financial at 1-800-50-PLACE (1-800-507-5223) or 1-919-719-7200 for further information. Systems response and access times may vary due to market conditions, system performance as well as other factors. All accounts accepted at the discretion of Place Trade Financial.

Place Trade Financial, Inc. does not provide investment advice to online trading clients/accounts, online institutional accounts or any other individual or account that is not specifically set up as a full service client and on a full service commission and fee schedule. Place Trade Financial, Inc. will only provide investment advice to full service clients that are specifically set up for full service trading and advice. (Full Service clients work with experienced financial consultants and pay full service commissions and fees which are different than online trading commissions and fees.) To take advantage of both our Online Trading and Full Service flexible client benefits please call 1-919-719-7200 today! Documentation for any claims and/or statistical information will be provided upon request. Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

The risk of loss in trading stocks, bonds, mutual funds, options, and other securities can be substantial. Options are not suitable for all investors. For more information please read the "Characteristics and Risks of Standardized Options" guide prior to trading options along with the relevant risk disclosure statements on our website.

Trading on margin is only for sophisticated investors with high risk tolerance. You may lose more than your initial investment. (The amount you may lose may be greater than the amount that you started with or more simply put; you can lose more than the amount that you actually put into an investment when trading on margin.) Please follow these links for additional information regarding trading on margin and margin loan rates.

IMPORTANT: The projections or other information generated by any investment analysis tools regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.

Place Trade does not offer futures or forex trading at this time.

Place Trade Financial, Inc. does not provide tax advice to online trading clients/accounts, online institutional clients/accounts or any other individual or account at any time. Please speak with your own personal tax advisor, CPA or tax attorney prior to making tax related decisions.

Please Note: Any symbols displayed are for illustrative purposes only and do not portray a recommendation. Apple, the Apple logo, iPod, iPod touch, and iTunes are trademarks of Apple Inc., registered in the U.S. and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

This website includes links to other third party sites. Any links to third party sites, including any site that does not specifically include PlaceTrade.com in both the url/domain name title, frame source code and ICANN's WHOIS database, are not owned or controlled by Place Trade Financial, Inc. Place Trade cannot be responsible for the content, policies, procedures, media, source code, systems, security, certificates, instrumentalities, patents, trademarks, copyrights, original art, algorithms, configuration or any other function, form or facet of websites that it does not own or control including any other sites that may be referred or linked either to or from such sites, whether specifically stated, used or implied in any way. For information regarding other websites, please contact those websites or companies directly.