Are all 212 is CFD?

🤝 Help
1

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Suppose I’m using ISA account and there is no CFD… but I saw the attached and think about CFD…

Can anyone explain it to me?

2

What are you asking us to explain?

3

Assume is there should be a match if set buy for 0.233 and the market price is 0.232.

But it doesn’t.

4

What is the stock? Looks like its probably just illiquid penny stock.

Also you could get it at lower price, which is good, no?

5

3WHL…
the same situation happens in other stocks also…

6

There’s no volume in that stock.

7

this has happened to me also, i set a buy price of $16, stock fell to $15.91, no purchase, very frustrating.

i checked the price off t212 site to see if there was a difference in buy and sell price, but no, ÂŁ15.91 was price for both

8

Illiquid/low volume stocks.
This is not a T212 issue. Only solution is to trade stocks with more liquidity, or wait for your order to fill… you may get a lower price.

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9

yes, i am fully aware of this, i was offering my sympathy to am1102 as i know how frustrating this can be. there is very limited liquidity in the stock i was looking at, its never fallen below $16 either

10

Yes, Liquid/low-volume stocks don’t mean that the stock cannot be matched…
e.g. I set $3 to sell; if the market price is from 2.99 to 3.02, the stock should be sold. But seems it doesn’t.
Is 212 doing something like CFD in ISA account?

11

There needs to be a buyer on the other end, and in your case there isn’t one.
Again, illiquid/low volume.
Using a round number like $3 is also not helping. Order book will have plenty of orders at $3 that were there before yours. Go 2-5 cents under the round number if you are selling.

You wont face this issue on something highly liquid like Tesla or Apple.

12

I noticed that in the past as well even on large US caps. My guess is this is the spread of the market maker, you need the price to be sufficiently lower to your buy limit order so it’s actually executed…

13

That’s illegal and quite a serious accusation.

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14

This is not how markets work, you need to check the volume behind the quote and how up to date it is / trading volume to understand how accurate the indicative quote is.