Trading212 - how are my shares secured?

[Dividendenfreunde]

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.

Many Thanks.
Pascal

[David]

@Dividendenfreunde The 85K applies to funds & securities.

FSCS Protection

@imjacobclark Rest assured that all your investments with us are covered by the FSCS. The FSCS protects you when financial firms fail. What Article 13 is referring is the unusual case of our bankruptcy, our third-party nominee becoming insolvent as well and that in addition to such dark scenario a shortfall due to potential disruption within custody identification systems, which hypothetically may lead to shortfall of your FSCS coverage.

Long term investing reassurance (hopefully)

Hi Kraske, We understand your concern, but in practice, this provision is not applicable with respect to your investments, please find out why: The said provisions are intended to predict a hypothetical case where, in consideration of your best interests, your assets may be temporarily commingled with some of our own assets. Something we do not and do not intend to do. This is allowable for professional clients, not for retail - but we currently segregate all assets irrespective of classificat…

[vvsvin]

What happens if the investment is >£80,000. In that case will the amount is capped at £80k from FSCS?

[Dividendenfreunde]

@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?

[Eden]

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.

[vvsvin]

As per the details provided in the website, the stocks are held by “Interactive Brokers”.

[Eden]

That doesn’t make them the owner or nominee. Best to read the terms and conditions

[Gbr]

I’ve searched online and i’ve seen this. I thought all the investors are covered up until 85k not just the people from UK and Germany…