I read that Trading 212 UK Ltd. is registered in the UK and is authorized by FCA. Another entity, Trading 212 Ltd., is registered in Bulgaria and authorized by the Financial Supervision Commission. All clients’ funds are kept separately in segregated bank accounts and are covered by FSCS.
Can you please explain the role of both entities (Trading 212 UK Ltd. and Trading 212 Ltd.)? Do you assign each entity to a different set of customers, or you assign each entity to a different set of products? How do I know which compensation scheme applies for my account?
I opened Invest account and want to invest in ETFs. Is my account in the event of default or bankruptcy of the broker protected up to £85,000 or up to €20,000 ? Can you please elaborate more on the account safety?