Hi, in light of Brexit, should we expect any changes to the platform? Regulations-wise etc. Will it still be authorised and regulated by the Financial Conduct Authority (FCA)? Or plainly said: are the clients’ deposits in any way “less safe” from now forward? Thanks!

Thanks Ivan for making it clear! So far sounds good to me. You are right this is a sensitive topic, I expect any important updates from now forward to come via official channels e.g. email, announcements etc.

Coming back to this thread with an update… According to the article https://ibkr.info/node/3515 , Interactive Brokers UK will no longer offer FCA protection starting 2021. All their accounts are in process to be migrated to their new Hungary / Ireland / Luxembourg entities, resulting in compensation…

I am also very interested in this. With this move from IB, it looks like things are actually starting to move in a way that will now impact Trading 212 and its customers. Personally, I would not only like to know if we will no longer be protected by the FCA up to £85k, but I also would like to know…

@tsukeyomi @AlinMC FSCS covers the regulated firm, in this case - Trading 212. It doesn’t matter where Trading 212 is holding the shares/funds - we are part of the regulatory compensation scheme and our clients are covered by it.

Hi David, thanks for answering. Can you please share any official document or claim that can back up your statement? I have found this here, Financial Services Compensation Scheme | Bank of England , from the Bank of England: Depositor Protection Depositors with eligible deposits held by UK esta…

@tsukeyomi [image] Legal structure and Account Safety 🤝 Help Does the FSCS rules dictate the clients’ funds have to be deposited in a UK based bank ? Because I couldn’t see this at the link you gave @Dao and haven’t yet seen a source stating this ! And is the compensati…

Since the UK is exiting the EU I have seen that other UK trading account who do not have a license to operate under EU law, have asked their clients to sell their positions before Jan 2021. How is T212 dealing with this matter, or does T212 have an entity in EU. Thank you for the clarification.

Have a look here :wink: [image] How will Brexit affect Trading 212? Still FCA regulated? 🤝 Help Hi, in light of Brexit, should we expect any changes to the platform? Regulations-wise etc. Will it still be authorised and regulated by the Financial Conduct Authority (FCA)? …

I’m interested too in getting an official statement / update from TR212. Thank you !

How will Brexit affect Trading 212? Still FCA regulated?

🤝 Help

David September 28, 2020, 2:26pm 17

@tsukeyomi

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How will Brexit affect Trading 212? Still FCA regulated?

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