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trading212
JulieRight
Posts: 24 Forumite
Hello.
Is it safe to deposit into £50,000 into a trading 212 invest account or will they not withdraw?
How trustworthy are they - I've been using them for 12 months not had any withdraw issues for amounts around £20k but will they do everything they can in their terms not to allow 50k withdraw ones.it goes in?
please can you recommend another stock broker like trading212 where I can buy US stocks in the UK?
thanks.
Is it safe to deposit into £50,000 into a trading 212 invest account or will they not withdraw?
How trustworthy are they - I've been using them for 12 months not had any withdraw issues for amounts around £20k but will they do everything they can in their terms not to allow 50k withdraw ones.it goes in?
please can you recommend another stock broker like trading212 where I can buy US stocks in the UK?
thanks.
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Comments
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Hargreaves0
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Degiro, Fidelity, Charles Schwab
If you want to move upmarket from trading212, you should be looking for a broker who is a member of a stock exchange. All stock exchange websites, including the LSE's, list their members. Mainstream brokers seem to advertise less on the internet than the likes of trading212. imho there is no shortage of UK brokers offering US stocks. It's fashionable.1 -
"Mainstream brokers seem to advertise less on the internet than the likes of trading212." Do they? Recently I've been bombarded with adverts for AJ Bell.
OP, another option is Freetrade. It raised another £50m a couple of weeks ago so it should be okay for a while but it's an early stage company so better for smaller sums if you are of a nervous disposition.0 -
I have over £70k in 212. Isa an investment account. No issues for me.0
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Iweb is cheap and does the job, bought some US stocks recently, with no issues and live prices"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
I think the question is slightly wrong here.
For whatever broker you are using, make sure they are appropriately regulated. FCA/FSCS protected for people in the UK which they are.
That should mean(I think), for any broker that your first 85k of cash would be protected, and any stocks you hold, will be ring fenced, and in the very worst case scenario the broker you have chosen gets into financial difficulty, can be transferred over to another platform.
Second to that, pick a broker based on the services you require, and then look at platform costs last, at least that is my view.
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Aren't their FX charges rather high though at 3% per buy and sell? You don't seem to be able to maintain a USD balance so have to keep paying currency conversion costs of 1.5% for each transaction.csgohan4 said:Iweb is cheap and does the job, bought some US stocks recently, with no issues and live prices
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