Account Protection

How eOption Protects Your Account

Account Protection

Your eOption account is protected by the Securities Investor Protection Corporation.

eOption is a division of Regal Securities, Inc., a member of the Securities Investor Protection Corporation (SIPC). Your account assets are covered by the SIPC, which protects customers of its members up to $500,000, with a limitation of $250,000 on claims for cash balances. Additionally, our clearing firm, Hilltop Securities, Inc. “HTS” has purchased Excess SIPC Insurance which covers the net equity of customers’ accounts up to an aggregate of $150 million from underwriting syndicate at Lloyd’s of London.

The customer securities component, which restricts coverage with respect of any one customer, is a maximum of $25,000,000 with the aggregate coverage of cash set at $900,000. SIPC and Excess SIPC covers accounts of the member firm in the event of a member’s bankruptcy and insolvency. Coverage does not apply to losses due to market fluctuation or any decline in market value of your securities. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371-8300 or visit www.sipc.org.

Following Are The Steps That Regal Takes To Ensure Cybersecurity Readiness

Perform Cybersecurity Network Penetration testing and Security Assessment on annual bases.
Provide ongoing Cybersecurity phishing simulation testing and Cybersecurity training to all Regal employees and Reps.
Maintain Subscriptions to Antimalware (Malwarebytes) protection tools, ATP (Advance Threat Protection) for automated scanning of electronic mail against malware and viruses, DLP (Data Loss Protection) tools, TrendMicro security tools intended to secure and protect cloud infrastructure.
Maintain and enforce written Cybersecurity policies.
Enforce policy to encrypt all communications and data containing sensitive and PII (personal identifiable information).
Performs due diligence on its major Business Partners.
Perform internal Qualys audits, reviews, and continuously takes steps to improve Cyber Security readiness through upgrade to Firewalls, as well as other components of network Infrastructure and Network communication protocols.
Maintain a current Cybersecurity Insurance Policy.

Two Factor Authentication

eOption provides extra security via Two Factor Authentication when logging into your account. Two Factor Authentication is a simple tool that provides an extra layer of security by requiring two distinct forms of identification to access something. For example, using a smartphone to receive a text with a verification code or an email. This helps keep you more secure and gives you more security in your online account. Once you open an account with eOption, you can simply go into the trading interface and set up Two Factor Authentication in the settings. You will need to bind your phone to your account before you can enable Two Factor Authentication.

Disaster Recovery

Steps You Can Take

While we take numerous steps to help protect the security of your account, there are steps that you, the customer, can take to protect your account as well. To help protect your personal identity and prevent your personal information from being disseminated to unauthorized individuals, always remember to remain vigilant by keeping your personal and financial information secure, and be aware of “Phishing” and fraudulent emails and suspicious websites.

UNSECURE COMPUTERS AND WIRELESS NETWORKS

Unsecured wireless networks pose a significant risk to computing assets and information. In general, unsecured wireless networks should be avoided and should never be used as a primary networking resource.

Additionally, the following brochures describe the critical steps you can take to safeguard your financial accounts and help prevent identity theft.

Please read “Keeping Your Account Secure – Tips for Protecting Your Financial Information” provided by the Securities Industry and Financial Marketing Association (SIFMA) and the Financial Industry Regulatory Authority (FINRA).

“Phishing” and Other Online Identity Theft Scams: Don’t Take the Bait

For more ways to keep your account safe, click "How You Can Protect Your Account" below.

Back To The Security Center

How You Can Protect Your Account

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