WiseAlpha Technologies Ltd is authorised and regulated by the Financial Conduct Authority (No.FRN: 751087 ).
As such, investors are treated as customers of WiseAlpha Technologies Limited and therefore have the potential to be compensated out of the Financial Services Compensation Scheme established and operated by the Financial Conduct Authority, in the event that WiseAlpha Technologies Limited should fail in the conduct of its FCA regulated activities.
Uninvested money held in the segregated Client Account is protected by the FSCS deposit protection which is currently £85,000 per person. This Client Account is operated by Global Custodial Services Limited which is authorised and regulated by the FCA (FRN:595875). The bank account is held with Lloyds Bank plc.
However, investors will not be able to claim under the Financial Services Compensation Scheme merely because an investment purchased on the WiseAlpha platform loses money.
Details of the Financial Services Compensation Scheme may be found at www.fscs.org.uk.