![]() If you are interested in learning more about how to protect yourself, visit the FCA's website here.įor further information about cryptoassets, visit the FCA's website here.Įach year, we extensively review crypto exchanges and trading platforms who are registered with the UK’s financial watchdog, the Financial Conduct Authority (FCA) to decide our top picks. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.Spreading your money across different investments makes you less dependent on any one to do well. Putting all your money into a single type of investment is risky.If something sounds too good to be true, it probably is. You should do your own research before investing.Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.Ĥ.The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time. There is no guarantee that investments in cryptoassets can be easily sold at any given time.You may not be able to sell your investment when you want to If you have a complaint against an FCA regulated firm, FOS may be able to consider it. The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm or Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance.Learn more by using the FSCS investment protection checker. ![]() The Financial Services Compensation Scheme (FSCS) doesn't protect this type of investment because it's not a 'specified investment' under the UK regulatory regime – in other words, this type of investment isn't recognised as the sort of investment that the FSCS can protect.You should not expect to be protected if something goes wrong There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.Ģ. The cryptoasset market is largely unregulated.You should be prepared to lose all the money you invest in cryptoassets. The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise.Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
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