IN PLAIN ENGLISH
The Financial Services Compensation Scheme, which pays out when an authorised firm fails and money or investments are missing.
WHERE YOU MEET IT
Not shown in the app, which doesn't hold any money or investments.
WATCH OUT FOR
The limit is per person, per firm, and brands run by one firm share it. It doesn't cover falling prices.
EXPLAINED IN
Educational content only. It is not personal financial advice.