SIPC
SIPP INDUSTRIES INC NEW
stock OTC

I use different brokers to keep my accounts separate. All the major brokers are SIPC insured, so things like insolvency shouldn't be a concern for anybody who uses the major companies.

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*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

Both have the same SIPC insurance and are decent. Had accounts with both for years.

I'm considering to move my long-term investment positions from Schwab to my Webull account. Webull has extended SIPC vs. FDIC coverage so it is supposed to be safe. Could you share your experience with Webull? Any pros and cons of using a Webull account as main investment account? Thanks.

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*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

robinhood is a legitimate brokerage but its worth understanding what SIPC protection covers versus market losses. if you like interface, focus on fees, investment choices and account protections.

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*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

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*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

I use different brokers to keep my accounts separate. All the major brokers are SIPC insured, so things like insolvency shouldn't be a concern for anybody who uses the major companies.

This has been removed for violating rule #5: **no spamming**.
Do not post the same message in a short time frame or comments that are unrelated to the discussion. We review every post and comment on this sub, so it may take a moment for us to reply. Duplicate posts will be removed.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

Both have the same SIPC insurance and are decent. Had accounts with both for years.

I'm considering to move my long-term investment positions from Schwab to my Webull account. Webull has extended SIPC vs. FDIC coverage so it is supposed to be safe. Could you share your experience with Webull? Any pros and cons of using a Webull account as main investment account? Thanks.

This was removed for violation rule #9: **no solicitation, promotions, or third-party content**.
Don’t make posts soliciting or promoting opportunities to members of the community for personal benefit or otherwise. Do not copy/paste copyrighted content from third-party sources into your posts or share anything that infringes on intellectual property rights. All links will be evaluated for relevancy to the post topic.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

robinhood is a legitimate brokerage but its worth understanding what SIPC protection covers versus market losses. if you like interface, focus on fees, investment choices and account protections.

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This was removed for violating rule #10: **keep posts within the scope of customer care, market news, or general investing discussion**.
The focus of this community is investing education and Fidelity customer care, including discussions about money movement, transfers, and trading. This sub is not intended to address inquiries that go beyond the scope of normal service.
Please consider if your question is one you’d ask to a Fidelity support representative. Off-topic posts may be removed.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

I think they do have SIPC on their stocks not sure

AI Overview
Yes, Charles Schwab carries excess SIPC insurance through an agreement with Lloyd’s of London and other insurers to protect against brokerage failure. \[1 (https://international.schwab.com/account-protection), 2 (https://www.schwab.com.sg/account-protection)\]
How Additional Brokerage Insurance Works
• Excess SIPC Coverage: This secondary policy steps in if standard SIPC limits ($500,000 total per customer, with a $250,000 cash maximum) are completely exhausted during a firm liquidation. \[1 (https://www.schwab.com/legal/account-protection), 2 (https://international.schwab.com/account-protection)\]
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• Total Limits: Schwab's excess program provides an aggregate limit of $600 million. \[1 (https://international.schwab.com/account-protection)\]
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• Per-Customer Cap: This coverage is limited to a combined return of up to $150 million per customer, which includes up to $1.15 million in cash. \[1 (https://international.schwab.com/account-protection)\]
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