📈 Now available: EVEN higher interest on uninvested cash!

[Scrooge_McCodf]

Sorry to butt in, but here’s my understanding.

@ermejoromano

In the linked page, I can’t find any mention of the 1M EUR insurance by Lloyd’s. Where do you explicitly state that our investments are insured up to 1M EUR?

EU customers on the CY platform.

Trading 212 CY - Funds and assets protection

@ermejoromano

Every time you mention the FSCS scheme you include “Where we hold your money with a bank”. Is the only other alternative to hold our money with a QMMF or is Trading 212 holding part of our money? Because Trading 212 UK Ltd is NOT protected by the FSCS scheme.

FSCS is bank protection provided by partner institutions. It’s inherited. QMMFs are not banks, hence the risk statements on sign up to use the product.

@ermejoromano

“In the unlikely event that the QMMF fails to maintain their low-risk strategy, as with any investment, the protection will not be available”. I thought that I had a contract with Trading 212 in terms of the uninvested cash returns and that Trading 212 would absorb the risk of a QMMF screwing up, is that incorrect? Does it mean that we directly face risks should the QMMF lose on their investments?

This is in the risk statement when you sign up to the product. There’s no free lunches in investing, to access the higher rates you have to be prepared to take on a little risk. QMMFs are pretty well regulated, but a 2008 style crash will hurt an QMMF fund.