What happens to my money if TradeZero Europe or the Clearing Firm goes out of business?

If TradeZero Europe becomes insolvent, segregated client funds — whether in a bank account, money market fund, or held by a Clearing Firm — will be returned to you in accordance with applicable laws. Under the European Investor Compensation Scheme (ICS), securities protection exists up to EUR20,000. In addition, through our U.S. clearing firms, SIPC protection may also apply on a pass-through basis, up to USD500,000 (including a maximum of USD250,000 for cash).

The detail:
Your investments in securities are covered under the Investor Compensation Scheme (ICS), in accordance with Directive 97/9/EC of the European Parliament and Council. The ICS may compensate you, under certain legal conditions, for losses of up to EUR20,000 per person if TradeZero Europe cannot meet its obligations after being declared bankrupt.

In addition, TradeZero Europe maintains clearing accounts with one or more brokerage firms that are members of the Securities Investor Protection Corporation (SIPC). If one of these SIPC member firms enters liquidation under the Securities Investor Protection Act, TradeZero Europe clients may be eligible for SIPC protection on a pass-through basis. SIPC covers up to USD500,000 per customer, including a maximum of USD250,000 for cash.