#General risk
Explaining how a product works is not a recommendation to use it. Loans cost money and missed payments can harm your credit record. Investments can fall as well as rise, and you can get back less than you put in. Protection schemes such as deposit insurance or investor protection have limits and conditions that differ by country.
#Digital assets
Crypto-assets, including stablecoins, can lose value quickly, may not be covered by deposit insurance or investor compensation schemes, and are a frequent tool of fraud. Never send money or share recovery phrases because someone contacted you unexpectedly.
#Scams
Fraudsters often impersonate banks, regulators or well-known companies. Your bank or a regulator will not ask you to move money to a 'safe account'. Learn the warning signs in our Fraud & Security channel.
#Check before you act
Check whether a firm is authorised on your national regulator's public register before you deal with it, and get independent professional advice for decisions that matter to you.