We are all leaving. Too many disappointments recently.
My Nio has gone from Approx £10 a day with £30 on weekends up to £67 a day and £200 on the weekends to hold a long position. Im all for Trading 212 making their slice, but this is some outlandish greed. Looking to cash out and take my money elsewhere
5 days ago:
Robinhood Lowers Margin Interest Rate from 5% to 2.5%( https://blog.robinhood.com/news/2020/12/21/robinhood-lowers-margin-interest-rate)
But what is the Interest Rate on CFD @ Trading212 ? Anyone knows ?
60% on some CFDs … slightly emotional
5% to 2.5%?
See these posts for examples of T212 charging up to 453%.
Over the last few days, I’ve been analysing the entire interest history of my account. I have done a detailed analysis of 29 instruments, but Ethereum is the most shocking.
I opened my first Ethereum long position of 12 ETH on 01/05/2020. I was charged £0.81 in interest that evening, so the swap rate must have been approximately -0.81 / 12 = -0.0675. Note that this figure is in GBP, whereas the original figure would’ve been specified in USD. However, I have no way of accessing the original USD …
The table below shows my analysis of the 12 long positions I had open during the period where the swap rates were increased dramatically.
Here is some information about my method:
The “Lowest” and “Highest” values are based on my term of ownership, which is different for each instrument.
I had to manually figure out the Sell Price and Exchange Rate in order to calculate the APR, so I might not be using the exact figures.
I can no longer access the price history for Bitcoin or Ethereum, so I j…