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Trade options on Composer. Earn up to $200 in cash rebates! Get Started. T&Cs apuly. äiil Composer f- Learn / Comparison Trade with A1 Options Business Accounts Retirement Pricing Resources v Login Sign Up Interactive Brokers vs Composer: What are the differences? The key differences between Composer and Interactive Brokers Mihir Parekh, Business Operations, Composer Technologies Jun 1, 2023 Share Table of Contents What are the main differences between Composer > and Interactive Brokers? > > > > > > > Pricing User Interface & Platform Access Brokerages & Deposit Security Asset Choice & Transaction Types A1 functionality Customer Support Final Remarks Build your own strategy today! Get started What are the main differences between Composer and Interactive Brokers? As much as 78% of all trades (according to the SEC) are executed by stock trading algorithms. Two of the most popular platforms to build a stock trading bot include Composer and Interactive Brokers. While both platforms have their advantages and disadvantages, I've outlined some of the key differences to help you make an informed choice if you are looking to create your own stock trading bots. Pricing Pricing is one of the most important factors to consider when setting up a stock trading bot. If you want to create your trading bot through Interactive Brokers, you'll need their Pro plan which gives you access to their Interactive Brokers API. We'll use the Interactive Brokers Pro Fixed Plan (as it doesn't charge exchange, clearing and pass-through fees). Excluding regulatory fees and slippage, Composer Pro charges one flat fee of $32 per month (paid annually) or $40 per month (paid monthly). This allows you to invest in as many trading bots as you wish. Build, Free $0 Pricing backtest and invest with serious firepower. Yearly Save $24/month Monthly No crecit card or bank connection required Backtesting (unlimited) Symphony Editor (create and edit symphonies) e Follow list (track performance before investing) Symphony data and insights Billed annually (S288/yr.) / Free 14-day trial Cancel any time Everything from Free, plusm Invest in strategies (unlimited) e e Fully automated trading of your strategies e Real-time portfolio metrics e Exclusive, members-only strategies e Weekly market analysis & performance updates to your inbox e Enhanced customer support On the other hand, Interactive Brokers Pro charges a $0.005 fee per share (with a $1 minimum per order). This means that costs can add up (and it costs more for cheaper assets). Let's take an example: If you put $10000 into a 5 asset daily trading Parity with Leverage bot in 2022, on Composer it would cost $384 in fees for the year. And Composer let's you trade in unlimited strategies so this is the most you'll pay in the year. In comparison, if you put the same amount into a trading bot through the Interactive Broker API, it would cost a minimum of $749. This is because this strategy costs a minimum of $5 per trading day and in 2022, it traded 149 days. One key advantage of Interactive Brokers is their margin rates are most competitive in the market. Composer doesn't currently offer portfolio margin above 100% of Net Liquidating Value (NLV). InteractiveBrokers UNITED STATES Monthly Volume (shares) s 300,000 300,001 - 3,000,000 3,000,001 - 20,000,000 20,000,001 - 100,000,000 > 100,000,000 Minimum per order Maximum per order 1B SmartR0uting Eligibility Third Party Fees User Interface & Platform Access Why IBKR Tiered USD 0.0035 USD 0.0020 USD 0.0015 USD 0.0010 USD 0.0005 USD 0.35 1% of Trade Value Pricing Trading Services Education News Fixed USD 0.005 USD 1.00 1% of Trade Value • Regulatory Fees • • Regulatory Fees Exchange Fees Clearing Fees Pass-Through Fees With a visual no-code strategy builder, Composer offers an easy way to understand the logic behind your strategy. This enables both beginners as well as advanced traders to build strategies with ease. The best way to experience Composer is via desktop as the screen size enables you to make the most of the backtesting functionality as well as the strategy creator. Note: Composer also lets you login via mobile if you wish you check in on your investments. v' Save changes O Undo • v Symphony Details Name Believe in Big Tech Description Believe in Big Tech WEIGHT Equal Redo v Backrest Preview Paste ChatGPT schema Jump to backtest Big. And tech, broadly defined. But not all big tech at the same time. Every month, this strategy invests in the two big tech stocks with the best performance over the past Trading Setting Monthly Investment . New Investment META AMZN AAPL MSFT GOOG pyPL ADBE @ NVDA Meta Platforms Inc. Class A • XNAS Amazon.com, Inc. • XNAS Apple Inc. • XNAS Microsoft Corporation • XNAS Alphabet Inc. Class C • XNAS PayPal Holdings lnc • XNAS Adobe Inc. • XNAS NVIDIA corporation XNAS iil Composer On the other hand, creating a trading bot with Interactive Brokers is limited to users who have strong programming skills and can code with their API. There is also the option to find a trading platform that connects with the Interactive Brokers API however costs will increase. Brokerages & Deposit Security Both platforms offer top-notch security. Composer automatically creates an Alpaca brokerage account for you which ensures that manual trading does not interfere with your automated stock trading bots. Composer Securities LLC is a registered broker-dealer with the SEC and a member of FINRA / SIPC, with SIPC protection of $500k. The primary custodian is tier-I bank BMO Harris. Interactive Brokers provides $250k in SIPC insurance plus another $2.5m for eligible accounts through the Insured Bank Deposit Sweep Scheme. Interactive Brokers also segregates funds across US treasuries and special reserve accounts in seven large US banks including BMO Harris, and Standard Chartered. Asset Choice & Transaction Types Composer is a long-term focussed investing platform offering access to the full range of stocks and ETFs. The structure of the platform allows you to rebalance your strategies at daily, weekly, quarterly, yearly or threshold-based intervals. However, if you're looking to trade a much wider range of assets such as Options, Futures, Spot Currencies, or Metals, Interactive Brokers may be a better choice as Composer doesn't offer this functionality. Interactive Brokers also offers margin above 100% of the Net Liquidating Value and the best margin rates (whereas Composer currently does not margin above 100% of NLV). Therefore, Interactive Broker's is strong proposition if you're looking to use margin. Both platforms offer the choice to test the platform risk-free. While Interactive Brokers offers paper trading, Composer offers the ability to 'follow' strategies with a simulated $1000 that you can track over time and measure out-of-sample performance. In both cases, you can get an indicative performance of your bot without depositing funds. A1 functionality Composer has recently introduced ChatGPT4 A1 copilot to supercharge the investing process. Using ChatGPT you can ask questions about your strategies, find ways to diversify, and continue to improve your returns. Here's some examples of what you can ask: Can you create a retirement strategy with a focus on long term bonds and gold? What are the risks of this strategy? What should I add to diversify this strategy? What type of strategy would be a good complement to this one? You can check out more details here. Interactive Brokers does not currently offer this functionality. Customer Support Both platforms offer extensive customer support channels. Interactive Brokers offers phone and email support. On the other hand, Composer offers email, live chat, and zoom calls with the product team. Final Remarks Based on Composer's transparent pricing, easy to use no-code interface, A1 tooling, Composer seems like a logical choice for many people. If you're an experience coder or are looking for asset types like options or futures, Interactive Brokers may be the more suitable choice. Moreover, building strategies in Composer is a fun activity, and spending time doing so is a great way to get accustomed to how the no-code editor works. As you do so, we invite you to explore the site and sign up for a free Composer account to get a first-hand impression of what our platform can do for you. We'd be happy to have you on our side, and provide you with the best automated stock trading platform there is! Manage your portfolio with Composer! Important Disclosures Investing in securities involves risks, including the risk of loss, including principal. Composer Securities LLC is a broker-dealer registered with the SEC and member of FINRA/ SIPC. The SEC has not approved this message. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Composer has not independently verified such information and makes no representations about the accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; Composer has not reviewed such advertisements and does not endorse any advertising content contained therein. This content is provided for informational purposes only, as it was prepared without regard to any specific objectives, or financial circumstances, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not intended as a recommendation to purchase or sell any security and performance of certain hypothetical scenarios described herein is not necessarily indicative of actual results. Any investments referred to, or described are not representative of all investments in strategies managed by Composer, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see Composer's Legal Page for additional important information. x [email protected] Securities products and brokerage services are offered by Composer Securities LLC, a broker-dealer registered with the SEC and member of FINRA / SIPC. Composer Securities LLC and Composer Technologies Inc. are separate but affiliated companies. Accounts are carried and securities execution, clearance and settlement services are provided by Alpaca Securities LLC, and Apex Clearing Corporation, SEC-registered broker-dealers and members of FINRA / SIPC. Alpaca Securities is a wholly-owned subsidiary of AlpacaDB, Inc. Apex Clearing Corporation, is a wholly-owned subsidiary of Apex Fintech Solutions Inc. Check the background of Composer Securities LLC, Alpaca Securities LLC, and Apex Clearing Corporation on FINRA BrokerCheck . This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Composer Securities is not registered. Securities products offered by Composer Securities are not FDIC insured With any investment, your capital is at risk. The value of your portfolio with Composer can go down as well as up. Past performance is no guarantee of future results. By using this website, you accept our Terms of Service, Privacy Policy, and Payment Agreement. Please see Customer Securities' Customer Relationship Summary. Keep in mind, investing involves risk. Examples are for illustrative purposes and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security. Past performance is no guarantee of future results. Online trading has inherent risk due to system response, execution price, speed, liquidity, market data and access times that may vary due to market conditions, system performance, market volatility, size and type of order and other factors. An investor should understand these and additional risks before trading. Options trading involves significant risk and is not appropriate for all investors. Prior to buying or selling an option with Composer Securities LLC, please read the "Characteristics and Risks of Standardized Options," also known as the Options Disclosure Document (ODD). You can access the ODD by clicking here. Options transactions are often complex and can expose investors to potentially rapid and substantial losses. In some cases, you may lose your entire investment in a relatively short period. Furthermore, certain complex options strategies carry additional risk, including the potential for losses that may exceed your original investment amount. Please read important legal disclosures. Composer Securities does not provide tax advice. This material is for informational purposes only and is not intended to be a substitute for consultation with a qualified tax professional before making any investment decisions. The cash sweep program is made available in coordination with Apex Clearing Corporation through Composer Securities. Please read the Important Disclosures for more information. Composer Securities is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org. SIPC does not protect against market losses. Securities products are: Not FDIC insured • Not bank guaranteed • May lose value Cryptocurrency Services: Composer Crypto LLC is a technology company offering communication and information services for self-directed traders under a software license agreement with Alpaca Crypto LLC. Composer Crypto LLC is a wholly separate affiliate of Composer Technologies Inc. Neither Composer Crypto LLC nor Composer Technologies Inc. are involved with the execution or custody of cryptocurrencies. Composer Crypto, LLC does not act as an exchange. Cryptocurrency trading, execution, and custody services are provided by Alpaca Crypto, LLC (NMLS ID:2160858). Alpaca Crypto is a money services business registered with the Financial Crimes Enforcement Network ("FINCEN") and a states-licensed money transmitter, but is not a registered broker-dealer or a FINRA member. Cryptocurrencies are held in your Alpaca Crypto LLC account, are not securities, and are not FDIC insured or protected by SIPC. You can find more information about Alpaca Crypto here. Digital asset services are provided by Payward Interactive, Inc. (PWI) doing business as Kraken (NMLS ID: 1843762), whose US licenses are set forth here. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Please review the Risk Disclosures and make sure you fully understand the risks involved before trading cryptocurrencies. Your Alpaca Crypto account is separate from your brokerage account with Composer Securities and Alpaca Securities, which holds US-Iisted stocks and ETFs Trademarks and logos are the property of their respective owners and do not represent endorsements of any kind. Unless otherwise noted, Composer Technologies Inc., Composer Securities LLC, and its affiliates are not partners, affiliates, or licensees of these companies. 0 2026 All rights reserved. Trade options on Composer. Earn up to $200 in cash rebates! Get Started. T&Cs apuly. äiil Composer f- Learn / Comparison Trade with A1 Options Business Accounts Retirement Pricing Resources v Login Sign Up Interactive Brokers vs Composer: What are the differences? The key differences between Composer and Interactive Brokers Mihir Parekh, Business Operations, Composer Technologies Jun 1, 2023 Share Table of Contents What are the main differences between Composer > and Interactive Brokers? > > > > > > > Pricing User Interface & Platform Access Brokerages & Deposit Security Asset Choice & Transaction Types A1 functionality Customer Support Final Remarks Build your own strategy today! Get started What are the main differences between Composer and Interactive Brokers? As much as 78% of all trades (according to the SEC) are executed by stock trading algorithms. Two of the most popular platforms to build a stock trading bot include Composer and Interactive Brokers. While both platforms have their advantages and disadvantages, I've outlined some of the key differences to help you make an informed choice if you are looking to create your own stock trading bots. Pricing Pricing is one of the most important factors to consider when setting up a stock trading bot. If you want to create your trading bot through Interactive Brokers, you'll need their Pro plan which gives you access to their Interactive Brokers API. We'll use the Interactive Brokers Pro Fixed Plan (as it doesn't charge exchange, clearing and pass-through fees). Excluding regulatory fees and slippage, Composer Pro charges one flat fee of $32 per month (paid annually) or $40 per month (paid monthly). This allows you to invest in as many trading bots as you wish. Build, Free $0 Pricing backtest and invest with serious firepower. Yearly Save $24/month Monthly No crecit card or bank connection required Backtesting (unlimited) Symphony Editor (create and edit symphonies) e Follow list (track performance before investing) Symphony data and insights Billed annually (S288/yr.) / Free 14-day trial Cancel any time Everything from Free, plusm Invest in strategies (unlimited) e e Fully automated trading of your strategies e Real-time portfolio metrics e Exclusive, members-only strategies e Weekly market analysis & performance updates to your inbox e Enhanced customer support On the other hand, Interactive Brokers Pro charges a $0.005 fee per share (with a $1 minimum per order). This means that costs can add up (and it costs more for cheaper assets). Let's take an example: If you put $10000 into a 5 asset daily trading Parity with Leverage bot in 2022, on Composer it would cost $384 in fees for the year. And Composer let's you trade in unlimited strategies so this is the most you'll pay in the year. In comparison, if you put the same amount into a trading bot through the Interactive Broker API, it would cost a minimum of $749. This is because this strategy costs a minimum of $5 per trading day and in 2022, it traded 149 days. One key advantage of Interactive Brokers is their margin rates are most competitive in the market. Composer doesn't currently offer portfolio margin above 100% of Net Liquidating Value (NLV). InteractiveBrokers UNITED STATES Monthly Volume (shares) s 300,000 300,001 - 3,000,000 3,000,001 - 20,000,000 20,000,001 - 100,000,000 > 100,000,000 Minimum per order Maximum per order 1B SmartR0uting Eligibility Third Party Fees User Interface & Platform Access Why IBKR Tiered USD 0.0035 USD 0.0020 USD 0.0015 USD 0.0010 USD 0.0005 USD 0.35 1% of Trade Value Pricing Trading Services Education News Fixed USD 0.005 USD 1.00 1% of Trade Value • Regulatory Fees • • Regulatory Fees Exchange Fees Clearing Fees Pass-Through Fees With a visual no-code strategy builder, Composer offers an easy way to understand the logic behind your strategy. This enables both beginners as well as advanced traders to build strategies with ease. The best way to experience Composer is via desktop as the screen size enables you to make the most of the backtesting functionality as well as the strategy creator. Note: Composer also lets you login via mobile if you wish you check in on your investments. v' Save changes O Undo • v Symphony Details Name Believe in Big Tech Description Believe in Big Tech WEIGHT Equal Redo v Backrest Preview Paste ChatGPT schema Jump to backtest Big. And tech, broadly defined. But not all big tech at the same time. Every month, this strategy invests in the two big tech stocks with the best performance over the past Trading Setting Monthly Investment . New Investment META AMZN AAPL MSFT GOOG pyPL ADBE @ NVDA Meta Platforms Inc. Class A • XNAS Amazon.com, Inc. • XNAS Apple Inc. • XNAS Microsoft Corporation • XNAS Alphabet Inc. Class C • XNAS PayPal Holdings lnc • XNAS Adobe Inc. • XNAS NVIDIA corporation XNAS iil Composer On the other hand, creating a trading bot with Interactive Brokers is limited to users who have strong programming skills and can code with their API. There is also the option to find a trading platform that connects with the Interactive Brokers API however costs will increase. Brokerages & Deposit Security Both platforms offer top-notch security. Composer automatically creates an Alpaca brokerage account for you which ensures that manual trading does not interfere with your automated stock trading bots. Composer Securities LLC is a registered broker-dealer with the SEC and a member of FINRA / SIPC, with SIPC protection of $500k. The primary custodian is tier-I bank BMO Harris. Interactive Brokers provides $250k in SIPC insurance plus another $2.5m for eligible accounts through the Insured Bank Deposit Sweep Scheme. Interactive Brokers also segregates funds across US treasuries and special reserve accounts in seven large US banks including BMO Harris, and Standard Chartered. Asset Choice & Transaction Types Composer is a long-term focussed investing platform offering access to the full range of stocks and ETFs. The structure of the platform allows you to rebalance your strategies at daily, weekly, quarterly, yearly or threshold-based intervals. However, if you're looking to trade a much wider range of assets such as Options, Futures, Spot Currencies, or Metals, Interactive Brokers may be a better choice as Composer doesn't offer this functionality. Interactive Brokers also offers margin above 100% of the Net Liquidating Value and the best margin rates (whereas Composer currently does not margin above 100% of NLV). Therefore, Interactive Broker's is strong proposition if you're looking to use margin. Both platforms offer the choice to test the platform risk-free. While Interactive Brokers offers paper trading, Composer offers the ability to 'follow' strategies with a simulated $1000 that you can track over time and measure out-of-sample performance. In both cases, you can get an indicative performance of your bot without depositing funds. A1 functionality Composer has recently introduced ChatGPT4 A1 copilot to supercharge the investing process. Using ChatGPT you can ask questions about your strategies, find ways to diversify, and continue to improve your returns. Here's some examples of what you can ask: Can you create a retirement strategy with a focus on long term bonds and gold? What are the risks of this strategy? What should I add to diversify this strategy? What type of strategy would be a good complement to this one? You can check out more details here. Interactive Brokers does not currently offer this functionality. Customer Support Both platforms offer extensive customer support channels. Interactive Brokers offers phone and email support. On the other hand, Composer offers email, live chat, and zoom calls with the product team. Final Remarks Based on Composer's transparent pricing, easy to use no-code interface, A1 tooling, Composer seems like a logical choice for many people. If you're an experience coder or are looking for asset types like options or futures, Interactive Brokers may be the more suitable choice. Moreover, building strategies in Composer is a fun activity, and spending time doing so is a great way to get accustomed to how the no-code editor works. As you do so, we invite you to explore the site and sign up for a free Composer account to get a first-hand impression of what our platform can do for you. We'd be happy to have you on our side, and provide you with the best automated stock trading platform there is! Manage your portfolio with Composer! Important Disclosures Investing in securities involves risks, including the risk of loss, including principal. Composer Securities LLC is a broker-dealer registered with the SEC and member of FINRA/ SIPC. The SEC has not approved this message. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Composer has not independently verified such information and makes no representations about the accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; Composer has not reviewed such advertisements and does not endorse any advertising content contained therein. This content is provided for informational purposes only, as it was prepared without regard to any specific objectives, or financial circumstances, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not intended as a recommendation to purchase or sell any security and performance of certain hypothetical scenarios described herein is not necessarily indicative of actual results. Any investments referred to, or described are not representative of all investments in strategies managed by Composer, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see Composer's Legal Page for additional important information. x [email protected] Securities products and brokerage services are offered by Composer Securities LLC, a broker-dealer registered with the SEC and member of FINRA / SIPC. Composer Securities LLC and Composer Technologies Inc. are separate but affiliated companies. Accounts are carried and securities execution, clearance and settlement services are provided by Alpaca Securities LLC, and Apex Clearing Corporation, SEC-registered broker-dealers and members of FINRA / SIPC. Alpaca Securities is a wholly-owned subsidiary of AlpacaDB, Inc. Apex Clearing Corporation, is a wholly-owned subsidiary of Apex Fintech Solutions Inc. Check the background of Composer Securities LLC, Alpaca Securities LLC, and Apex Clearing Corporation on FINRA BrokerCheck . This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Composer Securities is not registered. Securities products offered by Composer Securities are not FDIC insured With any investment, your capital is at risk. The value of your portfolio with Composer can go down as well as up. Past performance is no guarantee of future results. By using this website, you accept our Terms of Service, Privacy Policy, and Payment Agreement. Please see Customer Securities' Customer Relationship Summary. Keep in mind, investing involves risk. Examples are for illustrative purposes and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security. Past performance is no guarantee of future results. Online trading has inherent risk due to system response, execution price, speed, liquidity, market data and access times that may vary due to market conditions, system performance, market volatility, size and type of order and other factors. An investor should understand these and additional risks before trading. Options trading involves significant risk and is not appropriate for all investors. Prior to buying or selling an option with Composer Securities LLC, please read the "Characteristics and Risks of Standardized Options," also known as the Options Disclosure Document (ODD). You can access the ODD by clicking here. Options transactions are often complex and can expose investors to potentially rapid and substantial losses. In some cases, you may lose your entire investment in a relatively short period. Furthermore, certain complex options strategies carry additional risk, including the potential for losses that may exceed your original investment amount. Please read important legal disclosures. Composer Securities does not provide tax advice. This material is for informational purposes only and is not intended to be a substitute for consultation with a qualified tax professional before making any investment decisions. The cash sweep program is made available in coordination with Apex Clearing Corporation through Composer Securities. Please read the Important Disclosures for more information. Composer Securities is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org. SIPC does not protect against market losses. Securities products are: Not FDIC insured • Not bank guaranteed • May lose value Cryptocurrency Services: Composer Crypto LLC is a technology company offering communication and information services for self-directed traders under a software license agreement with Alpaca Crypto LLC. Composer Crypto LLC is a wholly separate affiliate of Composer Technologies Inc. Neither Composer Crypto LLC nor Composer Technologies Inc. are involved with the execution or custody of cryptocurrencies. Composer Crypto, LLC does not act as an exchange. Cryptocurrency trading, execution, and custody services are provided by Alpaca Crypto, LLC (NMLS ID:2160858). Alpaca Crypto is a money services business registered with the Financial Crimes Enforcement Network ("FINCEN") and a states-licensed money transmitter, but is not a registered broker-dealer or a FINRA member. Cryptocurrencies are held in your Alpaca Crypto LLC account, are not securities, and are not FDIC insured or protected by SIPC. You can find more information about Alpaca Crypto here. Digital asset services are provided by Payward Interactive, Inc. (PWI) doing business as Kraken (NMLS ID: 1843762), whose US licenses are set forth here. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Please review the Risk Disclosures and make sure you fully understand the risks involved before trading cryptocurrencies. Your Alpaca Crypto account is separate from your brokerage account with Composer Securities and Alpaca Securities, which holds US-Iisted stocks and ETFs Trademarks and logos are the property of their respective owners and do not represent endorsements of any kind. Unless otherwise noted, Composer Technologies Inc., Composer Securities LLC, and its affiliates are not partners, affiliates, or licensees of these companies. 0 2026 All rights reserved. 0 2026 All rights reserved.