Isnāt it risky to give people advice on how much funds they need to add without knowing what positions they hold?
For example, Gold and Silver are 1:20 and 1:10 respectively and that wonāt change tomorrow, because only stock margins are changing. Therefore, if people have anything other than stocks in their portfolio then the 2.5 multiplier simply wonāt work.
For multi-market portfolios, people will have to manually calculate their blocked funds themselves. They can do that by summing all their current margins, right?
Itās incredibly frustrating, but heās obviously not being forthcoming for a reason. This all needs documenting. As Iāve said before, I -am- holding my breath here, I hope this all gets sorted out, but I think weāre all learning some lessons here.
Unfortunate that this latest development with the leverage change completely overshadows that.
I find it quite amazing about the amount of people on this thread which donāt understand the core technicals of trading CFDsā¦ no wonder why 80% of people lose money on CFDsā¦
This is pretty concerningā¦What is the logic to this. I might have to look at other platforms. I mean if T212 are having difficulties why not just charge like Ā£1 a month account fee.
With your customer base of 800,000 thatās a nice monthly addition. This is ridiculous and will do you no favours.
this is too short notice. also only extreme market conditions are we are making a nice profit. as such i cannot trust your company and will go elsewhere. i doubt i will be the last. you know the us is on hols , a bunch of thieves is all 212 is
No thatās it, Iām out. This week has been one disaster after another on this platform. No communications, now this stunt late in the day. I smell a Wirecard type event brewing here. My money is out as of start of trading tomorrow. Fun while it lasted.
First of all, when I started writing this post I checked the time of the cryptocurrency liquidation. Is it really in just in 3.5 hours? Friday the 27th November, 01:00 GMT? I think I misread the notification and thought it was 13:00.
Sorry if this is obvious to everyone, but if any of you hold cryptocurrencies in your CFD account then they will be liquidated at 01:00 on Friday morning. This may help you cover the margin change.
Iāve had no problems whatsoever with Trading 212 the past year. In fact Iāve found them fantastic. I donāt have a CFD account as I donāt have a clue about it. I made a withdrawal request at 23:50 last night and it was in my bank account at 6:20 this morning. Flawless as always for me personally.
However Iāve always had a concern about long term sustainability with everything free. Just a niggling doubt, but the product developments have been fantastic and given me faith.
Iāve always been of the opinion there should be an account fee. Lots of people say to good to be true.
But I take as I find which is 1st class. I want Trading 212 to make money and succeed.