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Are the investments I make on WiseAlpha covered by the Financial Services Compensation Scheme (FSCS)?
Are the investments I make on WiseAlpha covered by the Financial Services Compensation Scheme (FSCS)?
Mykyta Pavlushyn avatar
Written by Mykyta Pavlushyn
Updated over a week ago

WiseAlpha Technologies Limited (WiseAlpha) is authorised and regulated by the Financial Conduct Authority (No.FRN: 751087 ).

WiseAlpha platform investors have the potential to be compensated out of the Financial Services Compensation Scheme (FSCS) in the event that WiseAlpha should fail in the conduct of its Financial Conduct Authority (FCA) regulated activities. However, investors will not be able to claim under the FSCS merely because an investment made on the WiseAlpha platform loses money.

Uninvested money is held in the segregated client bank account that is protected by the FSCS deposit protection which is currently £85,000 per person. This segregated client bank account is held with NatWest Bank plc and operated by WiseAlpha which is authorised and regulated by the FCA to hold client money.

Details of the FSCS may be found at www.fscs.org.uk.

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