trading 212

gravel_2

Alex9384 said:

gravel_2 said:

All VUSA is VUSA.



EDIT: to be clear - you want to buy the one denominated in GBP so as to avoid 0.15% FX fees from T212. All VUSA is unhedged and fund currency is USD.

Yes, but I used just VUSA as an example.
If you just search for Vanguard S&P 500 ETF, there's also VAUG, VUAA, VUSD, etc.

You really need to put more effort into understanding this stuff before you think about investing in it. Spend more time researching  funds and looking at investor docs...

VUSD is VUSA but you pay in USD, not GBP.
VUAG is the accumulation fund that tracks the same index as VUSA (VUSA is a distributing fund).
VUAA is VUAG but in EUR or USD.

To be fully clear - in this whole discussion there are only two funds:
Vanguard S&P 500 Accumulation: IE00BFMXXD54
Vanguard S&P 500 Distributing: IE00B3XXRP09

NapoleonsBoneypart

I've ben using T212 for a while, the Invest and the CFD platform. The Isa one looks the same. Yes they do a fair range of ETFs but not Managed Funds. Perhaps the term is OEICs, I'm not sure.

For example the best performing fund at HSBC and HL has been Jupiter India, at about 60% in the last year. There's nothing like that at T212, though they do have a wider range of  leveraged funds than those others. You won't know what those are yet, which is fine if you don't want to spend time learning.

A free platform not so far mentioned is eToro. That has a couple of features T212 doesn't, like  a guaranteed stop-loss to hold the value of your funds if the market collapses, and it's far easier to "short" things when they fall.. I believe they also use QMMFs.

T212 works, and it's free, but they do concern me. EG:

 They used to provide funds which they've stopped, stating that the regulations don't allow them. So was former provision illegal??

I ised their "bot" to find something out. The bot was wrong, it cost me about £150. Their defence was that I should have looked elsewhere. It's a Bulgarian -run company, perhaps practices are routinely different from what we're used to. They ban people who complain, from their Forum, and delete things they don't like revealed.

They have just release a new platform, which has a better "front end", but it's absolutely full of bugs. I'm using it daily and finding half a dozen a day.

Many things don't work so they delete them when someone points one out. I don't bother telling them, now.

They patched faults  over 50 times before they closed the former platform, using the customers as testers.

There are no instructions, their staff don't know how it works, so they fob you off then close communications.

It's a bit like they're selling a car made by someone else so they don't know where the lever is to open the bonnet. You ask, they don't know, so they tell you how to open the boot. You say that's not the same and they ask for clarification like a photograph (a screenshot..) Conclusion - you have to put up with layers of incompetence. I could go on. I should move.

However, if you just want to put money with them and use the basic facilities, then afaik it's ok.

As above, they aren't exacltly helping you. You want a Vanguard fiund? Sure, here's their list. Not the most informative.

They don't fuss much over taking money out, though they once witheld £200k because someone had been trading too frequently.

As others have said, the 5.2% is a bit of a red herring. You can just put the money into something like Money Market or a high yield bond to do as well or better, on any platform.

They aren't big on Managed Funds but they have ETFs and ETPs like $NVD3, or qqq5, which I used to grow my pot at the start. $NVD3 (NVIDIA)multiplied about 18x in a year, with no input from  anyone. Recently there has been some turmoil in US market, so the easy one has been  $3KWE (China), which has grown 40% in the last month. So that's two buys and one sell, so far, nothing clever beyond looking at a table of numbers.

If you want to trade all day you can, and make far more. (If anyone's interested, I as one eg, used $MSTR which varies as Bitcoin ~x2. Using  CFD at 5x, if Bitcoin moves 10% in a day, (10% x2 x5 = 100%) you've doubled your money, in a day. Once you're using winnings, it's easier, though some people find it too stressy..)

wmb194

NapoleonsBoneypart said:

I've ben using T212 for a while, the Invest and the CFD platform. The Isa one looks the same. Yes they do a fair range of ETFs but not Managed Funds. Perhaps the term is OEICs, I'm not sure.

It doesn't have OEICs but the managed funds it does have are (stockmarket listed) Investment Trusts.

Better to use Google or whatever to find what you want to invest in and then look for it on T212. I've not noticed any bugs but I'm not using the CFD section of the site.

Execution only stockbrokers will never give advice or warrant anything ie. it's always up to you.

Alexland

NapoleonsBoneypart said:

As others have said, the 5.2% is a bit of a red herring. You can just put the money into something like Money Market or a high yield bond to do as well or better, on any platform.

I find their arrangements for the 5.2% ambiguous. They seem to play fast and loose on both ISA fractional shares and being clear with the customer on what assets are allocated to the account. By opting to receive the interest rate they seem to imply I am somehow taking the risk of using their choice of money market fund(s) even though it's not an investment in my portfolio, it's a predetermined rate and I am clearly holding cash.

Dandytf

I've opened 212 account inc' Small one off Deposit.
ready-made-pies such as Wisdom Tree Multi-thematic are interesting enough though 100% Equities.

NapoleonsBoneypart

I have some unused cash at any time in the IInvest and CFD sections, so I get an  interest notice daily £0.33 or whatever. I did see a notice that such snd such a QMMF is being used.

We are used to trad Brit financial institutions eager to say how important you are to them, and to have "chapter and verse" ready to delight you with on anything you ask.

T212 and I'm sure others, aren't like that. You can read the same about them across the internet: you ask about something. There aren't any instructions and there's no comprehensive Help section.

The T212  onlline "help" has a Bot, which is quite often correct on basic stuff. Beyond that it won't know so it'll advise you wrongly. If that advice is incorrect, tough, you lose, there is a disclaimer.

If the Bot recognises that it doesn't know, or you tell it it's wrong, it'll likely say Oh yes that  facility it  just told you  about does not in fact exist. The Tab it suggested is actually not there,  that sort of thing.

So you ask for a Human.

An hour later,

they won't understand your question, so they tell you something vaguely in the area you're talking about which is obvious to everyone from day 1, and totally useless to you.

You say yes you already know that green is for rises and red is for drops, thankyou.

So they ask for "clarification".

You clarify.

Then they ask for further details.

Then they say the can't read the words in your question.

I imagine that's because their translator can't understand typo mistooks. (They're Bulgarian)

Then you say it's not that

 so they want a screenshot. 

Then they want a video.

Obviously you can't show a video of the lead-up to  how some behaviour was wrong so they deny it happened.

They say that can't investigate without a video.

I did send a video, and they said they "didn't recognise the behaviour".

One many people have complained about is that if you set a stop-loss, you get cheated.  The idea of a stop-loss is that the stock sells if the price drops too far.

Say you have a stock priced at 100 at the moment, with a buy-sell spread of 1, and it's going to 102, 103,101, 100 etc. Fine. You set a Stop-loss to 95, 

It'll trigger so you lose 5%.

Even if the price stays at 100 , it'll  trigger.

I have complained, and been told it doesn't happen. so I sent a video. They said that's not what stop-losses are for.

You remind yourself that you aren't actually buying and selling from the exchange, but from the company T212. So when you lose, they win.

A remaining error on their platform is that a stock will show a loss when it's in profit and vice versa, it routinely takes a while to catch up. WHen pictures of that and suchlike are posted in their forum, they get deleted.

You often don't get the price shown by the appropriate bid/ask  line on the screen and number given (which one, depends whether you're Long or Short).

Oh that's because the chart is only "indicative". 

On their just-defunct charting,  the price would sometimes quickly deviate higher if you're buying at market, so you pay a higher price. But it didn't do that on say TradingView. Odd, that. Use Limit Orders.

Time will tell if the new charting does the same.

If you prove they got something wrong, you only have 24 hours to claim. That's in the small print.

Dandytf

Dandytf said:

I've opened 212 account inc' Small one off Deposit.
ready-made-pies such as Wisdom Tree Multi-thematic are interesting enough though 100% Equities.

I need to understand trd212 'Holding' Account Value above my Initial one off Payment.
I understand Shares fluctuate, though does the Higher Account Value suggest I've been debited Higher Payment.
Hopefully start to view some pre selected funds performance this week.

wmb194

Dandytf said:

Dandytf said:

I've opened 212 account inc' Small one off Deposit.
ready-made-pies such as Wisdom Tree Multi-thematic are interesting enough though 100% Equities.

I need to understand trd212 'Holding' Account Value above my Initial one off Payment.
I understand Shares fluctuate, though does the Higher Account Value suggest I've been debited Higher Payment.
Hopefully start to view some pre selected funds performance this week.

In the menu look at 'History' and it'll show you the transactions you've made. There's a, "transactions" filter that'll highlight the deposits you've made.

Dandytf

wmb194 said:

Dandytf said:

Dandytf said:

I've opened 212 account inc' Small one off Deposit.
ready-made-pies such as Wisdom Tree Multi-thematic are interesting enough though 100% Equities.

I need to understand trd212 'Holding' Account Value above my Initial one off Payment.
I understand Shares fluctuate, though does the Higher Account Value suggest I've been debited Higher Payment.
Hopefully start to view some pre selected funds performance this week.

In the menu look at 'History' and it'll show you the transactions you've made. There's a, "transactions" filter that'll highlight the deposits you've made.

Didn't use Menu yesterday, it seems 75 deposit is 100?
thanks