Cryptocurrency Q&A
What happens if moomoo goes bust?
What happens if moomoo goes bust?
Bianca
Mon Dec 23 2024
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5 answers
875
I'm concerned about the financial stability of moomoo. If this platform goes bust, what will be the consequences for me as a user? Will I lose all my investments?
5 answers
CryptoMagician
Wed Dec 25 2024
The platform offers the SIPC investor protection scheme, which is a safety net for investors in case of unforeseen circumstances.
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Maria
Wed Dec 25 2024
The SIPC protection scheme is designed to safeguard against the loss of cash and securities. This is particularly reassuring for investors who are concerned about the stability of their investments.
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Lucia
Wed Dec 25 2024
The limit of SIPC protection is set at $500,000, providing a substantial cushion against potential losses.
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Lucia
Wed Dec 25 2024
Within this $500,000 limit, there is a specific cap of $250,000 for cash. This ensures that even in the worst-case scenario, investors' cash holdings are partially protected.
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EtherealVoyager
Wed Dec 25 2024
Moomoo operates under the regulation of the SEC, ensuring a certain level of oversight and accountability in its operations.
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