1. Who is eligible for compensation from FSCS?
The FSCS is the compensation fund of last resort for customers of authorised financial services firms. If a firm becomes insolvent or ceases trading, such as WorldSpreads, we may be able to pay compensation to its customers.
Generally speaking, the FSCS can only accept claims for compensation from individuals and small companies.
From the work undertaken to date, it is likely all protected business transaction types will be eligible for compensation under FSCS compensation rules.