Is Revolut good for investing?
In a nutshell, the scheme is designed to pay out up to £85,000 per person if your FCA authorised investment platform fails.
Revolut says its investing service is protected by the FSCS scheme.
The Financial Conduct Authority (FCA) Firm Reference Number (FRN) is 933846 for the investment arm of Revolut.
Precious metals are a different matter: they’re unregulated. FSCS compensation does not apply. Other FCA regulations do not apply. Moreover, Revolut states the Financial Ombudsman probably wouldn’t step in if you had a complaint.
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