# Trading 212 account for EU citizen and BREXIT **URL:** \ **Category:** 🤝 Help\ **Created:** [November 10, 2020, 11:41am UTC](https://community.trading212.com/t/trading-212-account-for-eu-citizen-and-brexit/25927 "2020-11-10T11:41:13Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![seralouk](https://avatars.discourse-cdn.com/v4/letter/s/96bed5/32.png) [@seralouk](https://community.trading212.com/u/seralouk)\ **Post date:** [November 10, 2020, 11:41am UTC](https://community.trading212.com/t/trading-212-account-for-eu-citizen-and-brexit/25927/1 "2020-11-10T11:41:13Z")
Hi all. I am thinking about opening an account on Trading 212. I live in France. Some **questions** : **1**. I have done my research however the only thing I cannot be sure about is the functionality of the app. I have read online that the app crushes really often. Is that true? **2.** For EU customers, the max compensation is max 20k by ICF Bulgaria. Is that right? Does this include only cash or in general all assets? (source – see at the right, last paragraph: [https://www.trading212.com/en/Company-Overview](https://www.trading212.com/en/Company-Overview)) **3.** How is BREXIT affecting us (EU customers) both in terms of regulations & compensation schemes ? **4.** Are the transactions (buy/sell) instant? Thank you ---
**Author:** ![Tony.V](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/tony.v/32/21437_2.png) [@Tony.V](https://community.trading212.com/u/Tony.V)\ **Post date:** [November 10, 2020, 12:40pm UTC](https://community.trading212.com/t/trading-212-account-for-eu-citizen-and-brexit/25927/2 "2020-11-10T12:40:28Z")
👋 > [@seralouk](#): > > **1**. I have done my research however the only thing I cannot be sure about is the functionality of the app. I have read online that the app crushes really often. Is that true? Where do you read that? 🙂 If you’re referring about yesterday when most of the other brokers were also offline during the spike, then I cannot really define this as “often”. But fair would be the rest of the community members to share also their experience. ✌ > [@seralouk](#): > > **2.** For EU customers, the max compensation is max 20k by ICF Bulgaria. Is that right? Does this include only cash or in general all assets? Below you have the answer. In a nutshell: all UK & EU clients are onboard in the FCA regulated entity: [https://community.trading212.com/t/how-will-brexit-affect-trading-212-still-fca-regulated/1165/11?u=tony.v](https://community.trading212.com/t/how-will-brexit-affect-trading-212-still-fca-regulated/1165/11) Thus: > [@Legal structure and Account Safety](https://community.trading212.com/t/legal-structure-and-account-safety/2999/5): > > 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](https://www.fscs.org.uk/how-we-work/eligibility-rules/) you gave @Dao and haven’t yet seen a source stating this ! And is the compensation scheme only for only for cash funds or also for the securities ? Because it’s unclear to me from their statement… Yes, both your funds and stocks are covered by FSCS. It doesn’t really matter where our funds are stored, since the levies which we pay are going directly to FSCS. Hence… > [@seralouk](#): > > **3.** How is BREXIT affecting us (EU customers) both in terms of regulations & compensation schemes ? See the following: > [@Brexit and trading 212 in UK](https://community.trading212.com/t/brexit-and-trading-212-in-uk/1499/4): > > Officially we are still awaiting UK / EU arrangements regarding financial services to be finalized (probably by the end of October). Unofficially we have been preparing for more than a year for all Brexit scenarios. So when the UK /EU announce their final decision, we will be ready to deploy the respective business continuity plan and act accordingly. In a nutshell: no worries at all - everything is well planned & organized on our side: your investments are safe while using our service. Needle… > [@seralouk](#): > > **4.** Are the transactions (buy/sell) instant? Yes, they are. Let me know if other doubts arise. ---
**Author:** ![hristoalexiev](https://avatars.discourse-cdn.com/v4/letter/h/ccd318/32.png) [@hristoalexiev](https://community.trading212.com/u/hristoalexiev)\ **Post date:** [December 27, 2020, 5:03pm UTC](https://community.trading212.com/t/trading-212-account-for-eu-citizen-and-brexit/25927/3 "2020-12-27T17:03:37Z")
@Tony.V Is it going to have some withdraw fees after Brexit for EU customers? As you mentioned, EU customers will still be under UKs FCA and FSCS regulations. Also as I understand with UK outside EU is posing some new banks regulations ? Is this going to lead to new withdraw politics in Trading 212 for EU customers trying to withdraw in EU banks?