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Apex Clearing Review: Who Uses Apex Clearing in 2024?
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Is Apex Clearing Safe?
Apex Clearing is one of the biggest clearing firms in the investment industry. It provides a wide range of services that allow brokers to offer these services to their clients. From crypto, stocks, and ETF trading to robo-investing and custodial services, Apex Clearing supports some of today’s most popular brokers.
Who Uses Apex Clearing?
Several brokers use Apex Clearing to help facilitate trades. Here are some of the well-known brokers that rely on Apex Clearing.
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Services Offered by Apex Clearing
Apex Clearing is popular with brokers because it offers a wide range of services. Here are some of the key services that brokers can use Apex for.
- Trade execution
- Clearing
- Settlement
- Back-office tasks (like record keeping and accounting)
- Support for a wide variety of assets like cryptocurrencies, stocks, futures, options, ETFs, and mutual funds
- Zero-commission investing
- Fractional share trading
- Stock lending programs
- Margin account management
Apex also supports many account types including custodial, retirement, individual, joint, and institutional accounts.
Brokers can use some or all of Apex’s services to create a unique experience for their clients. For example, Stash, Webull, and SoFi have used Apex to develop their own platforms.
What is the Role of a Clearing Firm?
Besides providing back-end services to brokers, clearing firms have a few key roles. The most important
of these are clearing, trade settlement, and custody services.
Clearing
Clearing is the most critical task of a clearing company, like APEX. It involves overseeing trades to
ensure their fairness and proper execution.
Trade Settlement
Another important responsibility is trade settlement. The clearing company ensures that all the necessary
steps for processing a trade are executed. It also ensures that buyers and sellers of securities
fulfill their obligations.
Custody Services
Custody services involves a number tasks like managing investment accounts, providing security and
technical support for brokers, and handling funds between brokers, investors, and outside institutions.
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Updated on 7/5/2024.
I work in investment analytics and have been investing in the market since I was in high school. I enjoy anything that involves lots of strategy (i.e. a good game of chess), which is why I was naturally drawn to investing and researching companies. Outside of investing, I’m a big fan of the outdoors. In summer, you’re most likely to find me kayaking, camping, and hiking in the mountains.
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