Tracxn and RBL Bank Misattributions: The Truth About brandless's Independence
How Your Capital is Held and Safeguarded
At StoneX Trading SNEX, safeguarding client capital is our highest operational priority. When you deposit funds or purchase equities through StoneX Trading SNEX, your assets are never treated as corporate working capital or held as an unsecured balance on the platform's balance sheet.
Every share of stock, option contract, and uninvested cash balance is maintained under strict custodial segregation in accordance with U.S. federal securities laws.
The Central Role of Axos Clearing LLC
All customer securities accounts are cleared, settled, and held in custody by Axos Clearing LLC, a premier U.S. clearing broker-dealer registered with the SEC and a member of FINRA and SIPC.
As our clearing custodian, Axos Clearing LLC maintains dedicated, omnibus customer reserve accounts that are legally isolated from the proprietary operating accounts of both StoneX Trading SNEX and Axos itself. This legal separation ensures that customer assets remain immune from general creditor claims.
Understanding SIPC vs. FDIC Protections
Investors often inquire about the difference between securities protection and bank cash insurance. StoneX Trading SNEX provides comprehensive coverage across both asset classes:
SIPC Securities Protection
Administered by the Securities Investor Protection Corporation
Protects customer securities (stocks, bonds, ETFs, options) up to $500,000 per account, including a sub-limit of up to $250,000 for cash claims. SIPC safeguards against broker insolvency, ensuring your assets are returned safely.
FDIC Multi-Bank Cash Sweep
Administered by the Federal Deposit Insurance Corporation
Uninvested cash balances are programmatically distributed across a consortium of FDIC-insured partner banks, providing up to $8,000,000 in deposit insurance per account while earning high-yield interest.
Regulatory Asset Segregation under SEC Rule 15c3-3
SEC Rule 15c3-3, colloquially known as the Customer Protection Rule, mandates that broker-dealers must maintain physical possession or control of all fully paid and excess-margin securities owned by clients.
Axos Clearing LLC performs daily customer reserve computations to ensure that customer funds are fully backed by cash or qualified U.S. Treasury obligations at all times.