Fintech
Revolut removes protections for stock trading account users
Customers of the fintech once stood to receive up to $500,000 in compensation if its third-party stock trading partner became insolvent – but the terms and conditions have changed
Revolut users risk losing money held in stock trading accounts if the fintech’s partner becomes insolvent after the company removed protections for customers.
The fintech, which has two million customers in Ireland and over 25 million globally, migrated users who have a stock trading account with the firm to the EU from Britain late last month.
The new terms and conditions under which customers are migrated have less protection for users however.
Revolut is continuing ...
