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Questions tagged [fscs]

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votes
2answers
249 views

Are large brokers audited to ensure client funds are ring-fenced?

In the UK we have a Financial Services Compensation Scheme (FSCS) that covers investors for up to £85,000 if their broker goes bankrupt. We also have a law stating that brokers must ring fence their ...
2
votes
0answers
501 views

How good is FSCS protection vs. eToro?

I'm looking into investing in eToro, and I'm concerned about understaing any risk involved besides the trades themselves. An eToro representative told me that, since I live in the UK, I'm covered for ...
2
votes
0answers
64 views

What regulations are in place to protect consumer's investments in UK?

I know about FSCS (Financial Services Compensation Scheme), which will cover you in case your broker defaults, but it will only cover up to 50K GBP for investments; not particularly much. What ...