How is my cash protected in the multi-currency account?

Traditional banks make a profit by lending and risking clients' money. They then need to insure the accounts up to a certain amount to protect against financial losses. 

Winvesta on the other hand isn't a bank. We are an E-Money Agent working with an E-Money Institution (EMI) under the FCA's (UK) regulatory regime. Winvesta and its EMI partner don't lend or invest your money. We can't use it for any of our operational expenses either. We thus don't insure it in a financial protection scheme. 

Instead, we use safeguarding to protect 100% of your money. Read more about safeguarding here.