Customers of LQD Markets are a step closer to receiving compensation

12th August 2015

Customers who bought investment products offered by LQD Markets (UK) Limited (LQD Markets) are protected by the Financial Services Compensation Scheme (FSCS).

Those customers with cash only balances on all of their accounts must agree their account balances with the administrators.

Over the next few weeks, FSCS will contact customers who have agreed their account balances and will pay compensation according to those agreed balances.

If we pay compensation, we will require customers to assign their legal rights in relation to their claim against LQD Markets to us. If we recover funds in the LQD Markets special administration, we will make further payments to customers that still have uncompensated losses.

More information about the claims and payment process is available in our LQD Markets Q&As.

Jargon Buster

  • Investment

    a financial product in which money can be invested to earn interest or profit (although the value of investments can go down as well as up).