Is baraka safe? Is my money insured?

  • We Are Regulated

baraka is licensed and regulated by the Dubai Financial Services Authority (“DFSA”). To offer US Stocks and ETFs, we have partnered with DriveWealth, a Securities and Exchange Commission (SEC) registered broker-dealer and member of Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC).

  • Your Assets Are Protected

In the unlikely event that baraka or DriveWealth were to fail, your assets will remain protected. Your investments are protected by the Securities Investor Protection Corporation (SIPC) up to $500,000 (which includes $250,000 on cash deposits). Learn more about the SIPC here.
*Please note that SIPC protection does not cover investment performance, or in the event that your investments go down and you get back less than what you put in.

  • Your Data Is Secure

We take care to keep your personal information safe from the moment you sign up. We protect your account from any unauthorized activity using a Multi-factor authentication process and to ensure the utmost security of your data, both our app and website employ 256-bit SSL encryption. Please refer to our Privacy Policy for more information.