Is my money safe?

[einesruoka]

Hello, I am a resident of Finland.

How is my money safe and secure?

Because you are registered both in the UK and Bulgaria, what country is my money stored in?

Because Bulgaria only covers 90% of the money and up to 20 000€

[George]

Your money is stored in the UK.

More on the topic:

Long term investing reassurance (hopefully)

Bob, Here’s a summary of things to consider regarding the protection of your funds: How is Trading 212 regulated? We are headquartered in the UK. All our clients are onboarded in our FCA-regulated entity. We don’t have any operational entities outside the UK and the EU. Balances of cash and equity, capital adequacy and transactions are reported to the regulator on a daily basis. Are my funds protected? Yes, up to £85,000 by the FSCS. Where is my equity? When you invest with Trading 212, y…

[seralouk]

I think this is only true for UK customers.

Based on https://www.trading212.com/en/Company-Overview:

For your safety and in compliance with our regulations, all clients’ funds are kept separately in segregated bank accounts and are covered by the Financial Services Compensation Scheme, FSCS (Trading 212 UK Ltd.) and the Investors Compensation Fund, ICF Bulgaria (Trading 212 Ltd).

In the unlikely event of default, the FSCS compensation is up to GBP 85 000 and the ICF Bulgaria compensation is up to 90% (but limited to EUR 20 000) of the client’s funds. Each client will be compensated if one of our companies fails to comply with its obligations to the clients due to its financial state.

So for EU, the compensation is indeed up to 90% (but limited to EUR 20 000) of the client’s funds by the ICF Bulgaria compensation

[Shiroh1ge]

I think that’s incorrect. It says “Each client will be compensated if one of our companies fails to comply with its obligations to the clients due to its financial state.” If I understand correctly, since every client’s money are stored in the UK bank, then if something would happen to your money in that bank, then you should be protected by the FSCS, whether you’re from the UK or not. Here’s another comment I found in another thread:

"
DaoLeader

4d

everyone is covered by the UK FSCS protection. the mention of Bulgaria european coverage is there just in case something should change that means Trading212 would no longer be covered by FSCS. It’s legal speak so T212 can say it has all its bases covered and to always provide clients with some security/insurance. so it would be just the £85,000 practically.

even that wouldn’t need to be used unless something drastic happened."

[seralouk]

We need a clear answer from the support.

What is the compensation for EU users ???

[Vedran]

If you bother to search, you would find plenty of topics on the subject.

Legal structure and Account Safety

@AlinMC Indeed the information in the table is incorrect and misleading. As a matter of fact, all clients of Trading 212 UK, irrespective of their country of residency and origin (UK, Germany, France, Switzerland, Mexico, etc.) are subject to the UK’s investment protection scheme (the FSCS). However, if you were a client to another broker within our group - for example, Trading 212 Ltd. (Bulgaria) only then would you be subject to a different investment protection scheme (as it is a specific s…

[seralouk]

Thanks. Does 212 also offer annual tax statements? Like annual capital gain / loss + dividends and tax withheld?