Client Money Protection
When you open an account with us we will hold your money in accordance with the UK Financial Conduct Authority's client money protection rules. Under these rules, we deposit each client's money into a segregated client bank account.
|Client Money Protection|
|All client money is held in segregated client bank accounts in accordance with the Financial Conduct Authority's client money rules.
|Plus500UK Ltd uses its own money for hedging, it does not use client money for this purpose
|Plus500UK Ltd does not pass client money through to hedging counter-parties
|Plus500UK Ltd does not initiate speculative positions in the market|| |
|Plus500UK Ltd has no exposure to corporate or sovereign debt|| |
|Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909)
|Plus500UK Ltd does not invest the money of retail clients
Financial Services Compensation Scheme (FSCS)
The Financial Services Compensation Scheme (FSCS) is the UK’s compensation fund of last resort for customers of authorised financial services firms. If a firm becomes insolvent or ceases trading, the FSCS may be able to pay compensation to its customers. The FSCS covers business conducted by firms authorised by the FCA.
Clients of Plus500UK Ltd would fall under the ‘investments’ claim category, whereby the cover is £50,000 per person per firm. If a client held an account with an authorised investment firm and there was a shortfall in segregation, they might still receive up to £50,000 in compensation. If Plus500UK Ltd went into liquidation, clients whose funds were held in segregated accounts would have their share of the segregated money pool returned, minus the administrators’ costs in handling and distributing these funds. If there was a shortfall then individuals may be eligible for compensation from the Financial Services Compensation Scheme.