Trading 212

P3

I have downloaded trading 212 to have a play around on their virtual money.
I got a few question for the real money side of it.
Do I need to pay SDRT stamp duty reserve tax on non UK stock?
Is it really fee free?
If it is really fee free, what is bad about it compare to any other platforms? 

george4064

1. Nope.
2. No, they charge you fees implicitly such as a wider bid-offer spread than what you would get via a normal broker.
3. See above.

P3

1) that's interesting, can you explain further why that is? So if I just stick to non UK stock, I won't get charged??? Is there any charge I need to be aware of? I know about CGT, that's about it 
2)is there any fee other than bid offer spread? Is it a must-have features???
What percent fees  is  bid offer spread?
But I can just buy/sell at the market price? 

John_

Is what a must-have feature?

You can’t say what percentage a bid / offer spread is, or depends on the stock price. 10p on a £10 stock is 1%, but on a £1 stock it’s 10%

masonic

There are a few different ways brokers are able to offer cheap trades:

• They load their charges onto the bid/offer spread as already mentioned
• They aggregate orders from different investors and place them some time after they are requested so that each investor only pays a fraction of the cost of a single larger order.
• They match trades internally on their platform or trade at a venue other than the official market

While the first option leads to you buying and selling at a consistently worse price than if you placed your trade through another broker, the other options would lead to a different price, but not necessarily a worse price - it would depend on how the price was moving around the time you placed the order. Since the pricing strategy may depend on others wishing to trade the same securities as you when you want to place a trade, investment choice may be limited to only those shares that are popular enough.

If you are buying and holding shares for the long term, then some differences in entry and exit price are probably not going to be significant.