Cryptocurrency Q&A
What happens to my money if Trading 212 goes bust?
What happens to my money if Trading 212 goes bust?
LucyStone
Fri Aug 30 2024
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7 answers
1270
As an investor in Trading 212, I'm curious about the potential implications of the platform's financial stability on my funds. Could you elaborate on the safeguards in place to protect my money in the event that Trading 212 encounters financial difficulties or goes bust? Specifically, how are my funds segregated and kept separate from the company's operational funds? Are there any regulatory bodies overseeing Trading 212's operations that would ensure a fair and transparent resolution for clients in such scenarios? Additionally, what measures does Trading 212 have in place to minimize the risk of such an event occurring in the first place?
7 answers
Valentina
Sun Sep 01 2024
Shares and Qualified Money Market Funds (QMMFs) held with us are protected by Interactive Brokers, a reputable financial institution. This ensures that in the event of our failure, your assets will be promptly returned to you.
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PearlWhisper
Sun Sep 01 2024
To maintain the highest level of transparency and trust, we strictly adhere to practices that keep client investments separate from our own funds. This segregation ensures that your assets remain untouched and unencumbered in any eventuality.
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SolitudeSerenade
Sun Sep 01 2024
Should the unlikely event occur where we fail to uphold this commitment and your investments become commingled with ours, the Financial Services Compensation Scheme (FSCS) stands ready to provide compensation.
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Claudio
Sun Sep 01 2024
The FSCS is a UK-based independent body set up to protect consumers who have lost money due to the failure of authorized financial services firms. In such cases, the FSCS can award up to £85,000 in compensation per person.
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Isabella
Sun Sep 01 2024
At our cryptocurrency and finance practice, we prioritize the safety of our clients' investments. In the event of any unforeseen circumstances that may lead to our inability to continue operations, rest assured that your investments are safeguarded.
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