Empower review
Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Our verdict
Empower suits US savers who want a named company to hold their money and SIPC cover behind it. The protection stated is SIPC up to USD 500,000, the membership record reads SIPC member 33854, and the regulator list names SIPC alone, so readers outside the US get no cover from it.
Key facts
- Best for
- US savers who want to know which company holds their money and what cover applies.
- Regulators
- SIPC (Source, checked September 26, 2026)
- Investor protection
- SIPC up to USD 500,000 (Source, checked September 26, 2026)
- Legal entity
- EMPOWER FINANCIAL SERVICES INC (Source, checked September 26, 2026)
- Headquarters
- United States (Source, checked September 26, 2026)
- Support channels
- Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
- Official website
- empower.me
Apps and profiles
- Get the app
- App Store
- Elsewhere
- TrustpilotLinkedInXfacebook.com
Pros and cons
Pros
- The account belongs to a named company, EMPOWER FINANCIAL SERVICES INC, rather than an unnamed brand.
- Support runs on email, chat and phone, including phone and chat.
- Protection is stated as SIPC up to USD 500,000, and the membership line reads SIPC member 33854.
Cons
- The regulator list names SIPC alone, so there is no UK or EU scheme behind the account.
- The firm is based in the US, so the scheme on offer travels with that country rather than with you.
- Retail losses across the sites covered run 70.15%, so an automated plan still carries the risk of losing money.
Who it suits
- US savers whose cash or securities will sit with EMPOWER FINANCIAL SERVICES INC.
- People who want to reach support by email, chat and phone.
- Readers who check SIPC member 33854 against the scheme's own listing before depositing.
Who should look elsewhere
- eToro, whose regulators Cyprus Securities Exchange Commission (CySEC), Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC) span several markets, if you want a wider regulatory spread.
- Acorns Checking, which sits with FDIC instead of a SIPC member, if you want deposit protection.
- Vivid Standard, under Netherlands Authority for the Financial Markets (AFM), if you would rather have a European regulator named than a US one.
How your money is protected
The regulator list names SIPC, and the protection stated is SIPC up to USD 500,000. The membership record reads SIPC member 33854, which you can check against the scheme's own list of members. No UK or EU scheme appears in that regulator list, so readers in the UK and Europe get nothing from it here.
How Empower compares
9.1 vs 9.0
9.1 vs 9.4
9.1 vs 8.7
MarketScreener
9.1 vs 9.4
9.1 vs 8.7
9.1 vs 9.0
9.1 vs 9.3
9.1 vs 8.7
9.1 vs 8.6
9.1 vs 9.2Its regulator list, Cyprus Securities Exchange Commission (CySEC), Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC), names many more bodies across several markets than Empower does.
9.1 vs 8.7
Kitco
9.1 vs 9.1
9.1 vs 9.0
9.1 vs 9.0Pepperstone
Vaulted
wikifolio.com
Intellectia
Winvest
Libertex International
XM VN
Where Empower is available
- Available
- United States
- Licence in United States
- SIPC (SIPC member 33854), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Who regulates Empower?+
The regulator list for Empower names SIPC, and the membership record reads SIPC member 33854. That is the only body on the list, and no UK or EU scheme appears alongside it, so readers in those markets may want a provider with a different scheme behind the account.
How much protection comes with the account?+
The protection stated for Empower is SIPC up to USD 500,000, attached to the firm named as EMPOWER FINANCIAL SERVICES INC. Check the scheme's own description of what that figure applies to before you rely on it for any specific holding.
Which company holds my money at Empower?+
The legal entity on record is EMPOWER FINANCIAL SERVICES INC, and the account sits under that name. The regulator list names SIPC for the same firm, so the entity and the scheme can be checked against each other.
Where is Empower based and which scheme applies to me?+
Empower is based in the US and its regulator list names SIPC, so the protection on offer follows that country. Readers in the UK and Europe should check what is offered in their own market rather than assume the same scheme applies.
How do I get help if something goes wrong?+
Support runs on email, chat and phone, which covers the main ways a reader would want to reach someone. A help centre and email suit quick questions, while phone and chat suit anything that needs a conversation.
How do I confirm the SIPC membership is real?+
The membership record reads SIPC member 33854, and it can be matched against the scheme's own list of members. Checking it removes any doubt about whether the firm behind the account is covered.
Can I lose money with a managed portfolio?+
Yes, and the figure to keep in mind is that retail losses across the sites covered run 70.15%. An automated plan changes how the portfolio is built, not whether the market can move against you.
How does Empower compare on regulation with other providers?+
Empower's regulator list names SIPC alone. eToro lists Cyprus Securities Exchange Commission (CySEC), Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC), Vivid Standard lists Netherlands Authority for the Financial Markets (AFM) and Acorns Checking lists FDIC, so readers wanting a longer list of named regulators have other options.
Sources
- sipc.org/list-of-members checked September 26, 2026
Backs: Investor protection, Legal entity, Regulators, Licences
“reportingFileNumber=33854; name=EMPOWER FINANCIAL SERVICES INC”
- empower.me/privacy checked September 26, 2026
Backs: Headquarters, Support channels
“Tilt is based in the United States, and we and our service providers process and store personal information on servers located in the United States”
Compiled from 2 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Management fee, Minimum investment.
Empower
US savers who want to know which company holds their money and what cover applies.