Is Trading 212's Cash ISA Protected by FSCS?

There has been a lot of confusion surrounding when your money is and isn't protected within your Trading 212 accounts, so this video will clear up exactly whether money you hold inside of a Trading 212 Cash ISA is covered, and why it might be more complicated than it seems.

This video does not represent financial advice, and we are not financial advisors. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results.

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🕧 Timestamps
0:00 Why are people confused?
0:29 Is your money safe?
1:37 How your money is covered on other accounts
5:27 The exception
6:57 What if your broker or bank goes bust?

[odindave]

Having funds held in different entities, eg, barclays, surprised me. Thank you

[alekskors]

Thanks for the video, helpful and reassuring. My biggest worry about Trading 212 is that they don't come up in FSCS search, whereas others, with the same warning message you mention, do

[JLCC]

The flip side of T212 is not on Cash ISA but their stock and share ISA.
I've tried many times that when I placed a limit-price order, your order is not executed until the "ask" side is lower than your bid price. It means that if the share is a bit stagnant, you are never going to buy it. If the share price fluctuates, your order can't even be executed at all. I highly suspect that they just create their own market and your order is done within it. Potentially, they will earn from the price difference.
I did an experience and placed an limit-price order with both T212 and IB. Unfortunately, the one IB is executed and T212 did not do it for me.

[ggamer]

So I’m moving my money from my Barclays isa to trading 212 who will store it with Barclays but give me about 5x the interest. Ok.

[geoffyin]

How about the flip side? What if the Trading 212 cash ISA was invested in three separate banks with £85k in each one. Assuming you don’t have money in a separate account with any of these three banks, would you be effectively covered for (3x £85k) = £255k?

[xm]

I cannot see where my cash in the cash isa is being stored??

[montyloads]

The thing i don't understand is if they can offer 4.9% in the cash ISA using only banks why do they need to use QMMF in the investment isa for the univested cash?
Why don't they generate the 4.9% in the same way?

[jaylee]

Thank you so much for this video! I'm planning to move my ETFs from Vanguard and just opened my T212 account today. I found the differences between a CASH ISA and interest on cash in a STOCKS ISA quite confusing, but you explained it really well—thanks for that.

Since transferring between a CASH ISA and a STOCKS ISA is instant and easy, and the interest rate is the same, but money in a CASH ISA is fully protected, what’s the point of holding any cash in a STOCKS ISA? Can I simply keep my liquid funds in a CASH ISA and transfer them whenever I want to buy stocks? Or is there a catch?

[montyloads]

Has damian main channel been hacked??
Some weird short video posted today and all my saved videos seems to have been deleted from my playlist...
When i click on the short videos profile it sats its from an account with 250k subs and has 200+ vids so im not sure of my playlists have deleted his vids and the short vid is genuine or if its been hacked... seems very strange

[charlieholliman]

Is the money protected with FSCS in the stocks and shares ISA?

[laraweasil]

Bark-lays(!) it’s Bark-leez isn’t it?!

[RichardBoote-yz]

??? I am with 212 and my interest is 4.50%. So! Where do you get 4.9%???

[markeziproducer]

You just made it more complicated, such a bad video, you were supposed to talk about the cash ISA account and you went on a tangent after the 1st minute of the video