At Options AI we take the security of your account and personal information very seriously
Is my brokerage account insured and protected?
Options AI Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 ($250,000 of cash).
Our clearing firm, Apex Clearing, has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities..
What do you do with my data?
We use the information we collect to do a number of things, such as:
Validate your identity
Confirm your address
Confirm if you are suitable for options trading
Communicate with you when you trade
We may email you if your account is not completed or if we require more information to complete your application. We are required by law to take these steps to prevent money laundering and other criminal activities.
If you have an account with us we will use your contact information to send you trade related correspondence, like trade confirms or statements.
Your data is shared with key partners, such as our clearing firm APEX Clearing. It is not sold to any third parties.