Hello, I trade from Italy. I have read that with Trading 212, my funds are kept in a segregated account and are protected by the FSCS up to £85,000. However, as I have said I trade from Italy and in EUR (€), not GBP(£). Does the FSCS protection apply to Italian customers too? Or are customers out…

You should tag the customer care team when asking those questions. They are the only ones able to give you a proper answer :slight_smile: @Team212 For what I know, EU customers are onboard with the UK company so we are covered up to 85000£ (I don’t know what the equivalent is in euros but I’d say…

That was the case until Brexit. Passporting rights to operate with UK licence are very much in the air right now. Interactive Brokers is going to move EU customers away from IB UK to other entities within the remaining EU. More info here: https://ibkr.info/node/3515

Pls reply to me also when you get a reply * Also ^ I live in Denmark but i have UK passport. How does this apply to me ?

Maybe T212 is planning to move us to their bulgarian entity in that case…(?) This would be a shame though as we wouldn’t benefit from the same kind of insurance on our money (only up to 20 000 euros if I remember well). I’m sure @Team212 will keep us informed as soon as they have a strategy to dea…

@Team212 If T212 moved UK customers over to Bulgaria that would be a pretty effective way to kill your business. Protection or no that is extremely worrying. Can T212 staff confirm this will NEVER happen as I would need to withdraw my account if there is any withdrawal from UK FCA protection.

@Old.Man You have an entire thread here with the big boss @Ivan talking about all that. Check it out. They’re not sure how it’s gonna go for now. [image] How will Brexit affect Trading 212? Still FCA regulated? 🤝 Help Hi, in light of Brexit, should we expect any changes …

[image] Enlil: They’re not sure how it’s gonna go for now. So are we supposed to give great amounts of funds to a company with so much uncertainty - a company that doesn’t even give you legal rights on the stocks you buy from them? (They store the shares you buy at Interactive Brokers, nomina…

Unless they haven’t announced that they got a licence or will get a licence in another EU country, I will definitely won’t be keeping my money with a Bulgarian broker. As a eastern european myself, ha, not a chance.

Exactly. I mean, if they are serious about their business, they should just get their license in a well-regulated European country and be done with it. People understandably have doubts, why don’t just make moves and give everyone some peace of mind? It’s not like Brexit is such an hypothetical eve…

[image] tsukeyomi: they should just get their license in a well-regulated European country and be done with it. From what I’ve read, they are considering that as an option. They won’t be able to provide peace of mind as long as they don’t have establish a plan. It’s probably work in progress…

Money Protection - Outside UK

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Enlil September 27, 2020, 9:13pm 7

@Old.Man
You have an entire thread here with the big boss @Ivan talking about all that.
Check it out. They’re not sure how it’s gonna go for now.

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Money Protection - Outside UK

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