Below is an excerpt from an email I received from Iweb
Money in your account is known as client money. Regulations require this money is kept separately in an approved bank. This means we may hold your money in a fixed deposit or a 95 day notice account. You’ll be able to withdraw money in the same way you do now but, if the approved bank becomes insolvent there could be a delay withdrawing your money.
So wondering what the regulation about and how Freetrade handles client money.