I have a question about the security of Trading212:
Assuming Trading212 goes bankrupt, which hopefully seems very unlikely, how exactly am I secured?
Do my securities fall under the deposit protection or are they my property and are stored separately from Trading212 in a custodian bank in the corresponding depositories in Germany and abroad?
Normally the securities belong to me.
The deposit protection up to 85000 pounds only applies to my money in the clearing account, not to the securities I hold.
@David
okay I understand. so my stocks are also covered. I don’t quite understand the reason, however, since the shares are my property anyway and are deposited at a depository? Where are my shares stored / kept?
Recently I received the message that Trading212 is lending my shares to others, does this have an influence?
Have you read the terms and conditions? Your shares are registered under a nominee company, sub custodian or by T212 directly with you as the beneficial owner.
Your assets are also covered in the event that information relating to them isn’t complete (as one example), or if any held by 212 directly are used in insolvency. The cover also covers any administrative fees required to manage the company during that time and any fees relating to handling your assets.
