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Is there a risk with eToro cash ISA?

Hi All,


Is there a risk that I could lose my money with eToro cash ISA or will it be protected up to £85k regardless?


From my understanding eToro invest the cash ISA money from their subscribers so if what they invest in goes down for whatever reason, I could lose it all or will my cash be protected up to £85k regardless of what eToro invest in?

Comments

  • masonic
    masonic Posts: 30,829
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Forumite
    edited 6 April at 11:52AM

    The £85k FSCS limit applies to investments, so if that's the limit being quoted to you then it suggests there is risk. The FSCS limit for deposited cash is £120k.

    The website states:

    image.png

    QMMF are very low risk, but not risk free. In extreme circumstances you could get back less than you paid in.

  • DavidT67
    DavidT67 Posts: 698
    Part of the Furniture 500 Posts Name Dropper
    Forumite

    Also note, that eToro isn't a UK ISA manager, MoneyFarm is the actual provider.

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