Are my funds secure? Are they protected by the Financial Services Compensation Scheme (FSCS)?

Are my funds secure? Are they protected by the Financial Services Compensation Scheme (FSCS)?

Bokes Ltd is an Authorised Payment Institution regulated by the UK Financial Conduct Authority (FCA). As a payment institution, we are not covered by the FSCS.

Instead, your money is protected by a stricter regulatory mechanism called "Safeguarding". Every penny you receive is immediately segregated from our corporate operational funds. 100% of your funds are safeguarded in designated trust accounts with our Tier-1 banking partners.

This means that even in the unlikely event of Bokes's insolvency, your funds would be returned to you in full, prioritised above all other creditors.