USD is maintained within your U.S. account by DriveWealth, our U.S. broker-dealer partner. DriveWealth is registered with FINRA (U.S. regulator) and a member of SIPC – which protects Stake customers who have U.S. securities for up to $500,000 (including $250,000 for claims for cash). You can read more about SIPC on their website and safety & security on Stake here.
All transfers into your account, trade settlements, dividends and other corporate action-related distributions are held in your Stake Wall St account balance until you make a trade, transfer or withdrawal.
Our broker partner purchases DARXX, a money market fund administered by Bank of New York Mellon. The holdings in this fund are rebalanced as your cash balance moves up and down, which you'll see displayed on your Monthly Account Statement.