I agree with what you are saying. But an hours notice is ludicrous to make any changes.
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Agreed, we need more time and notice plus less margin change to open positions that are long term
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Should be minimum a week I think.
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Yea, I’m not defending their actions - im in the same boat as you all.
I’m just laying out the reasons behind their actions.
Granted 1 day notice is not enough for many. But they have been hit with more than expected issues this week. It has been an abnormal week, no one can deny that.
Yes, give us time to plan if you’re going to make drastic changes. I don’t think the FCA’s reasonable
time notice is 1 hour of market time. Maybe 48 hours from a market open
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I appreciate you need to change margins from time to time to protect yourself, however we need longer to plan exits not everyone crashing the app with the 1 hour they have to sort themselves out.
@Tony.V and @David is there any way you can give us more time? Any extra minute could save someone’s account. See if there is anything else you can do on your end 
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People would appreciate even 24HRs extra
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24 hours I think would be suitable as 1 hour is far too short
applies to all positions
Just for clarification, it is applied to all stock positions, correct?
As far as I understand from yesterday’s notifications, indices, commodities and currencies are not impacted.
This is completely nuts to let us know less than a day before.
You now force me to close positions with spreads like that? WTF
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That is correct.
(char limit)
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I totally understand that you need to protect your business but 24 hours notice seems a little unfair to those with open positions but I assume you have an obligation to reduce exposure before the weekend.
Can you clarify the reason for the sudden increase in margin requirement?
‘Extreme market volatility’ cannot be true since overall market volatility has actually decreased in November if you look at the VIX.
S&P500 rose aprox 12% which I would not describe as extreme either especially considering we had an 11% decrease in Sept and aprox 20% decrease in March. Why were margin requirements not adjusted for these months?
I suspect the real reason is because of the IB outage the other day which prevented you from hedging client positions. Can you confirm this?
I think everyone is just looking for some transparency, ‘extreme market volatility’ sounds like your fobbing people off.
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If you can’t meet the requirements of margin and need to sell your shares, remember to setup pending orders which can sell once the markets do open.
If for whatever reason you cannot sell your shares at the price you wanted, and you do not meet the new margin requirements, then the shares will be sold for you (at a profit or at a loss).
Remember this guys.
ADM how much are you being paid mate lol
Where eles would you recommend? I wanted to change asap
You could also deposit more margin to keep the position open. Looks like an illiquid stock so these spreads are not that unusual. Very unfair for T212 to give 24 hours notice on this.
Either extend the notice period or reduce the spread to realistic terms comparable with other brokers.
Doing both at the same time is just wrong and amounts to an organised fraud. Sorry to use this word but T212 is cornering the small retail clients with their actions this week.
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Bear in mind this 24 hours notice was given through an app notification (which in my case wasn’t a push notification) on a day that the US markets were closed meaning a lot of people who trade US stocks didn’t even have the app open.
Coupled with the fact there is no pre-market trading today and their service has a documented history of processing issues upon markets opening this will not be reasonable in the FCA’s eyes and in the best interest of their customers.
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