Question: is fdic or sipc better?
Answer: SIPC. If your bank is covered by the FDIC, your money is insured for up to $250,000 per depositor. ... In contrast, if your institution is a SIPC member, you do not get the same level of coverage. If something happens to your brokerage firm, you are covered for up to $500,000, with a $250,000 limit for cash.