Safety of your funds is the first question everyone should ask.  Your funds are protected at Equals Money through an FCA regulated process called Safeguarding.

Your money is held in specially designated safeguarded bank account (held at either Citibank UK Ltd, Royal Bank of Scotland or Barclays Bank PLC) that is separate from all other funds at the bank and Equals operating accounts. You have total control and access to your funds at all times and in the very unlikely event of anything to happen to Equals Money your funds would be safe.