Yes it is. ipagoo is regulated by the Financial Conduct Authority of the UK and also by the local regulators of the countries where it operates. The regulations to which ipagoo is subject, impose very strict safety obligations to protect it against fraud and cyberattacks that could compromise our client’s money.
More importantly ipagoo does not invest or lend its client’s money and it keeps the money segregated from its own assets. For this reason your money is not subject to credit or market risks nor is it exposed to ipagoo’s own risks, which would be the case for traditional banks.
Your money is not protected by the FSCS in the UK if your money is in an account in the UK.