📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Trading212 is the worst investing platform know to man and should be fined.

Options
1356

Comments

  • I wouldn't expect the FCA to do anything about market outage on thier platform. I have experienced that with a lot of the larger players too. The only thing that will make them change is if customers start leaving in droves.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    eskbanker said:
    Trading212 is the worst investing platform known to man you
    Fixed that for you - which others did you evaluate when choosing to use T212 and why did you elect to go with them?
     not having the ability to sell WHEN YOU WANT TO is a massive risk to customers and surely must be in breach of some regulation or another?
    You can only sell if there's somebody on the other side of the trade willing to buy. At times a stock can be suspended for a period to maintain an orderly market. Allowing time for market makers to reprice the bid/offer prices. 
  • norsefox
    norsefox Posts: 212 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    eskbanker said:
    Trading212 is the worst investing platform known to man you
    Fixed that for you - which others did you evaluate when choosing to use T212 and why did you elect to go with them?
     not having the ability to sell WHEN YOU WANT TO is a massive risk to customers and surely must be in breach of some regulation or another?
    You can only sell if there's somebody on the other side of the trade willing to buy. At times a stock can be suspended for a period to maintain an orderly market. Allowing time for market makers to reprice the bid/offer prices. 
    Conflating stock exchange circuit breakers to literally being locked out of the stock market is really rather unreasonable.
  • Alexland
    Alexland Posts: 10,183 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    CreditCardChris said:
    not having the ability to sell WHEN YOU WANT TO is a massive risk to customers and surely must be in breach of some regulation or another? 
    Investing takes patience and emotional control. If you are doing it properly it shouldn't matter if you can't trade for days or weeks. Relax and think longer term.
  • Alexland said:
    CreditCardChris said:
    not having the ability to sell WHEN YOU WANT TO is a massive risk to customers and surely must be in breach of some regulation or another? 
    Investing takes patience and emotional control. If you are doing it properly it shouldn't matter if you can't trade for days or weeks. Relax and think longer term.
    I don't know what sort of investing you do but I need to buy/sell in seconds not weeks lol.

  • Alexland said:
    CreditCardChris said:
    not having the ability to sell WHEN YOU WANT TO is a massive risk to customers and surely must be in breach of some regulation or another? 
    Investing takes patience and emotional control. If you are doing it properly it shouldn't matter if you can't trade for days or weeks. Relax and think longer term.
    Stop talking !!!!!!. If the market is down 8% in pre market like it was once or twice during the March crash, I want to buy right there and then, that instant. Not next week or next month.

    And likewise when some of my favourite stocks are down 5% pre market I want to buy the dip. People invest all different ways, direct debit monthly investing isn't the only way to do it. When a dip is there I want to take advantage, period. 
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Alexland said:
    CreditCardChris said:
    not having the ability to sell WHEN YOU WANT TO is a massive risk to customers and surely must be in breach of some regulation or another? 
    Investing takes patience and emotional control. If you are doing it properly it shouldn't matter if you can't trade for days or weeks. Relax and think longer term.
    I don't know what sort of investing you do but I need to buy/sell in seconds not weeks lol.

    Depending what stock you are trading can be difficult to obtain a selling price instantly. 
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    norsefox said:
    eskbanker said:
    Trading212 is the worst investing platform known to man you
    Fixed that for you - which others did you evaluate when choosing to use T212 and why did you elect to go with them?
     not having the ability to sell WHEN YOU WANT TO is a massive risk to customers and surely must be in breach of some regulation or another?
    You can only sell if there's somebody on the other side of the trade willing to buy. At times a stock can be suspended for a period to maintain an orderly market. Allowing time for market makers to reprice the bid/offer prices. 
    Conflating stock exchange circuit breakers to literally being locked out of the stock market is really rather unreasonable.
    Trading 212 is dependent on 3rd party external parties. It does not trade directly on the exchanges. 
  • idkwhattosay
    idkwhattosay Posts: 87 Forumite
    Eighth Anniversary 10 Posts Combo Breaker
    edited 28 January 2021 at 10:57PM
    I don't know what sort of investing you do but I need to buy/sell in seconds not weeks lol.
    Be prepared to shell out serious money if you want liquidity. Trading212 and the like are targeted at retail "investors", these platforms are pretty much market makers and are not appropriate for day trading.
  • InA
    InA Posts: 225 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    As Trading212 don't know what a share certificate is, I would definitely avoid.

    Paper share certificates are being phased out anyway.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.