The funds in your account that are not invested in properties are held on trust in a segregated client monies account at Barclays Bank. This is a separate bank account that is ring-fenced from the monies of London House Exchange. Because of the segregation it’s unlikely you′d need additional protection. However, in the event that you are unable to recover your funds, you are protected by the Financial Services Compensation Scheme (FSCS), up to a limit of £85,000 (bank default) or £85,000 (London House Exchange or custodian default). Funds invested in properties are not protected by the FSCS.
Articles in this section
- Risks overview
- Key Risks
- Investment safeguards
- Is London House Exchange authorised and regulated by the Financial Conduct Authority (FCA)?
- Compensation Scheme (FSCS)
- Can trading be suspended on a property?
- What are Price Limits?
- What is MiFID II?
- What happens if London House Exchange ceases to exist or falls into financial distress?