FSCS protection

[ralf]

I accidentally started off all this discussion in another thread.

Can a moderator move

Freetrade Competitors

You say this is an “out there” idea, but if you consider GME, it’s clear that even if the brokers have been buying something, it’s not necessarily a sure thing that they’ve actually bought real shares. And even though I’ve invested quite a lot into e.g. Amazon and Google, I still don’t own a full share of them. That just pushes the problem further down the line. OK, so if FT goes bust the protection will cover the assets they are directly looking after. But if for example all our shares are …

to

Freetrade Competitors

Why do you think that the shares don’t exist? You seem to be confusing share ownership and shorting or options on shares. Using your example of GME if you buy a share then you own it - end of story. I’m not sure where you have seen reliable evidence that more GME shares are circulating than actually exist - that sounds like either nonsense or a misunderstanding around shorting.

to here?