Is Your Money Safe In An Investing App?

We all know about the protections that investing apps give to our money and assets but how safe is your money REALLY in an investing app?

Every time you see marketing for investing apps, you hear about the way your money is held in a separate bank account and how your shares are kept by a huge international third party in your name.

You also get told about the benefits of FSCS protection that ensures that any money and assets up to £85k are protected but is this protection all it is made out to be?

Well I wanted to dive a little deeper and talk about what happens in the even you would actually use FSCS and what the practical implications on how much money you'll get back might be.

Even if FSCS is not involved, there are significant risks to holding your money in an investing app that are almost never talked about that are important to know.

There's a reason why when you sign up to one of those accounts, you get told (sometimes in bold letters) that Your Capital Is At Risk.

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DISCLAIMER: Your capital is at risk.

DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.

DISCLAIMER: (For Lightyear affiliate link) The provider of investment services is Lightyear Financial Ltd for the UK and Lightyear Europe AS for the EU. Terms apply: golightyear.com/terms. Seek qualified advice if necessary. Capital at risk.

DISCLAIMER: Trading 212 provides execution-only service. This video should not be construed as investment advice. Investments can fall and rise.

DISCLAIMER: I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional.