Client money held abroad?

“12.7. We may hold client money in a client bank account located in a jurisdiction outside the UK. The legal and regulatory regime applying to any such bank will be different from that of the UK and in the event of the insolvency or any other equivalent failure of that bank, your money may be treated differently from the treatment which would apply if the money was held with a bank in the UK.”

Does this mean we are not covered under the FSCS (£85,000) if Trading 212 holds our money in a foreign bank account meaning it doesn’t abide by UK law and therefore we are no longer protected under FSCS?



Here you have the answer:

Let me know if some doubts arise. :v:

@Tony.V Thanks Sir. Very Good.

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