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

EthicsGradient

Croeso69 said:

Cannot seem to open an account ...

Well, that's one sign they are doing their best to run the platform responsibly. If they have capacity problems, opening an account should be the first thing to get dropped.

InA

norsefox said:

Every single one of the commission-free brokers has had repeated problems with high users in the last three months.
I understand the above reference to PS5/Xbox whatever, but this is happening repeatedly.  Retail trading is only going to become more and more popular, so clearly more capacity needs to be built into the system.
That will come, but again, if you want to time your trades, pay for a broker.

I truly get the frustration, but it is quite literally the only solution.  If T212 or eToro is costing you money, then spending a platform fee surely will save you money, or at least come close to breaking even whilst saving your sanity?

Indeed. Traditional platforms probably don't have the same volume of individual shares being traded at the moment. I seem to recall that some of the traditional platforms DID have problems back in February / March. Day traders, retail investors in particular, prefer the fee-free platforms for obvious reasons.

I use Trading 212 and like it. I think it's good to have disruptors challenging traditional brokers, however, I don't think T212 is best suited to time sensitive transactions. If that's the way you trade then you need to look for another platform, as you can't expect to use a platform made for retail investors when you're trading more like a professional. T212 works perfectly fine for those who just want to buy / hold / sell shares at a price that suits them without the fees.

Thrugelmir

InA said:

norsefox said:

Every single one of the commission-free brokers has had repeated problems with high users in the last three months.
I understand the above reference to PS5/Xbox whatever, but this is happening repeatedly.  Retail trading is only going to become more and more popular, so clearly more capacity needs to be built into the system.
That will come, but again, if you want to time your trades, pay for a broker.

I truly get the frustration, but it is quite literally the only solution.  If T212 or eToro is costing you money, then spending a platform fee surely will save you money, or at least come close to breaking even whilst saving your sanity?

Indeed. Traditional platforms probably don't have the same volume of individual shares being traded at the moment. 

Haven't got the same number of end users. At least I can pick up the phone and speak to a trader directly within 20 seconds if need be. 

Malthusian

Thrugelmir said:

Haven't got the same number of end users. At least I can pick up the phone and speak to a trader directly within 20 seconds if need be. 

But to be able to pick up the phone to him you have to pay him. wAlL sTrEeT iS sTeAlInG yOuR mOnIeS bRo!

[Deleted User]

A class action against a free web site?

HansOndabush

Thrugelmir said:

HansOndabush said:

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. 

No way. I rarely have any trouble getting a market price on a range of shares including AIM; but then I don't use Trading212.

Foreverfinance

I've used trading 212 for a little over 2 years and I can't say I've encountered any issues like this up until recently.
The only time I've had trouble accessing the app is with the whole 'gamestop' and 'amc' fiasco we had the other day.
Apart from that, I've always been able to access the app and execute buy or sell orders at a reasonable speed.

CreditCardChris

Deleted_User said:

A class action against a free web site?

Facebook, Google and Youtube are all free sites that have each experienced dozens of class action lawsuits. Just one of the many https://techcrunch.com/2020/01/29/facebook-will-pay-550-million-to-settle-class-action-lawsuit-over-privacy-violations/

Anyone who thinks just because a website or service is free that it cannot be sued is incredibly delusional.

eskbanker

CreditCardChris said:

Deleted_User said:

A class action against a free web site?

Facebook, Google and Youtube are all free sites that have each experienced dozens of class action lawsuits. Just one of the many https://techcrunch.com/2020/01/29/facebook-will-pay-550-million-to-settle-class-action-lawsuit-over-privacy-violations/

Anyone who thinks just because a website or service is free that it cannot be sued is incredibly delusional.

Strawman argument - the scenarios you're referring to with the other sites relate to illegal or unlawful activity!

Beyond your vague notion that T212 must "surely must be in breach of some regulation or another", what specifically do you contend that they're breaching?

CreditCardChris

eskbanker said:

CreditCardChris said:

Deleted_User said:

A class action against a free web site?

Facebook, Google and Youtube are all free sites that have each experienced dozens of class action lawsuits. Just one of the many https://techcrunch.com/2020/01/29/facebook-will-pay-550-million-to-settle-class-action-lawsuit-over-privacy-violations/

Anyone who thinks just because a website or service is free that it cannot be sued is incredibly delusional.

Strawman argument - the scenarios you're referring to with the other sites relate to illegal or unlawful activity!

Beyond your vague notion that T212 must "surely must be in breach of some regulation or another", what specifically do you contend that they're breaching?

I dunno, like denying users the ability to access and or sell their shares? Seems like a pretty big violation to me.