Anybody else worried Trading 212 is on the verge of going bust?? Chat function not available anymore, huge spreads, now this margin increaseā¦ they desperately need the cash??? Will try to withdraw my funds tomorrow.
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Doing the same and switching to eToro.
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Got it now! Was mad panicking
Thank so much
Thanks Ciaran,
just to add some info for the less experienced - in reality you donāt need to be where you are today with the status %, you just need to be safe (ie >25% status if I remember correctly).
There is a thread somewhere that explains that status calculation, thatās the single most important notion people need to learn in my view.
If my calculations are correct, if your status is around 61% you should be ok with the move of leverage to 1:2 and you should be able to deal with another 9% drop in the market on top of that.
However, people should learn to do their calculations.
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Can you extend it a few days to allow for a planned exit instead of a rushed exit/positions auto closing
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Well essentially its just moving from 1:5 (20%) to 1:2 (50%). So theyāre covering 30% less, which you will have to cover.
Indeed. And there is an hour tomorrow where people should close out profitable positions if they want to free up funds.
Cool,
Your positions wonāt close until you hit that 25% mark so you have some wriggle room.
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Iām at 75% now, reckon ill need to sell any positions, when i do calcs i need maybe 50Ā£ more
Multiply by 2.5
ā¦
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Can you remember where you saw that?
Itās important to know how long the new margins will remain in place. If itās a few days, I can commit the extra sums. If itās longer, itās time to consider a move to eToro.
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You mean you have 75% of you funds available?
Or
Your down at the 25% mark?
on the green bar at the top itās 75%
Thank you for this. Looking at this account, this should be ok?
Searching for the exact formula to calculate, thanks
@David when will the margin be reset to 1:5?
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I appreciate your comment and I know the onus isnāt on you but do you mind expanding on your calculation of 61%? Itās atrocious behaviour T212 donāt look to support their users asking for help with understanding this.
Iām currently on 54% and feel like Iām a mile off being anywhere near safe, so I didnāt think the margin gauge was a good yardstick but if that can be used then that simplifies thing.
Sure would be useful having the Ā£780 lost yesterday due to the manipulated spread.
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Lots of āIām new to tradingā and āI donāt know how to calculate the marginā.
Which begs the question why those people are trading CFDs 
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Iām following your case, Sly. Manipulated spreads cost me only Ā£30 yesterday, Iām more involved in this for the sake of others. I could have easily been in a very bad spot myself.
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Somewhat of a fair observation but there is also less confidence due to abnormal spreads and other variables.
Add profit/loss into the equation and itās added noise.
On my side, the stress T212 has caused me over the past 36 hours has just made me mentally fatigued.
How about T212 supports their clients?
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Thanks @Brissles1, how incredibly frustrating has David been?
Unfortunate that this latest development with the leverage change completely overshadows that.