Is client investment account protected?

client's investing account is created with our U.S. brokerage partner Drive Wealth. Drive Wealth LLC, a member of the Securities Investor Protection Corporation (SIPC), will serve as the custodian for client's securities account. In the event that Drive Wealth LLC fails and is placed in liquidation under the Securities Investor Protection Act, securities in client's brokerage account may be protected up to $500,000. Click Here

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Where are the U.S. bank details for adding funds into client investment account?
The details of the beneficiary U.S. bank to add funds are in the "Add funds" section in the platform. Kindly Log in to the platform and click on "Add Funds" for detailed instructions to add funds from client bank account
What is the maximum amount that client can transfer to Investment Account?
If client is investing from India, under RBI's Liberalized Remittance Scheme (LRS) clients are allowed to invest up to $250,000 every year
Can client link multiple demat account with his trading account?
Yes. Client can link multiple demat account with Trading account.
How many bank accounts client can link with IIFL trading account while account opening?
Client can link only 1 bank account with demat account.
When client can give Running Account Authorization (RAA)?
Client can give RAA at the time of account opening or after the account gets opened.

Is client investment account protected?

Is client investment account protected?

Related Articles

Where are the U.S. bank details for adding funds into client investment account?

What is the maximum amount that client can transfer to Investment Account?

Can client link multiple demat account with his trading account?

How many bank accounts client can link with IIFL trading account while account opening?

When client can give Running Account Authorization (RAA)?