That question should read Will the spreads be fair in the first Hour?
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Of course they can change Margin requirements the FCA gives direction on what is acceptable.
Its they way they have gone about it. Its almost as if they are trying to wipe out as many accounts as possible. Most traders wont know anything about this. You think people are angry now wait for the S**** Storm next week when people check their accounts to find theyâve all been closed out many (most) in the red.
The real question is who is going to do business with T212 after today?? This week has been a real eye opener.
Trust is everything in this business⌠Once the US market is open, Im gone!!!
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I think they have been burnt by Teslaâs dramatic rise.
Thank you @Suresh
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FCA rules gazump T212 TCs.
24 hours is not â reasonable notificationâ
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But as far as I know, T212 is the only broker doing this margin change at the moment. If Teslaâs rise is the issue youâd expect other brokers to do the same right?
At least, I checked Etoro and Plus500 and they arenât announcing any changes. Which actually raises the the question, why is T212 the only broken whoâs impacted by these âextreme market conditionsâ?
If you read carefully, the word reasonable is the key.
With that said, good luck with FCA or any other authority.
Beyond the fact that T212 T&C was approved by FCAâŚ
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baffled, and i donât know the post itâs referring to
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Asking awkward questions is classed as âOffensiveâ according to T212.
Need anymore proof as what is going down???
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Itâs the post where youâre stating that, rephrased, âit must be shameful to work for Trading 212â.
Yes, we donât consider that this is in the communityâs spirit that we have created & maintained.
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Hey mate why canât we add or withdraw funds?
Iâm sorry yaâll. Can somebody throw a light on how much should I be feeding my account with to keep the running position open? Thanks.
@alhassan01 For similar account related questions, please reach us at info@trading212.com. Our team will assist you further. 
A shame you didnât quote the WHOLE post!
Working within Mental Health (coordinator and service manager) for many years, please do remember my post included âwork related stress disorderâ and the behaviour of T212 towards customers CAN affect itâs employees.
âShameful?â which YOU rephrased from the word: Embarrassed!
Iâm not even able to read the post as itâs disappeared, so unable edit the post as message stated
If no one has been signed-off already from T212, give it time.
Please refrain from changing customers words (i see you have now added ârephrasedâ to your post), regardless if you have been lead to believe that is acceptable behaviour, it isnât!
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why didnât you give us more notice about this? all of our recent trades, many of which are still going to making a loss, are going to be forced on us with only 24 hours notice?
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I lost the original link regarding FCA (attached below for convenience purposes), someone else posted it in the forum ( @Suresh ) and I will continue to include as a reply when i deem necessary (until customer service erases the comment).
âŚI understand the word âreasonable notificationâ, likewise I understand âbest interest of clientsâ. A 16:13 CFD platform notification on 26/11/2020, pre-market purposely closed on 27/11/2020, 1 hour to close US positions during T212 wide-spread hour, and the number of T212 customers which trade US stocks, iâd be surprised if that doesnât carry some weight as fortunately FCA are able to act impartial when investigating, which is a skill I hope you learn @Vedran
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no clear guidance, deadline relatively short, and the obvious icing on the cake is that the servers wonât handle the traffic between 2:30 - 3:30. not sure if adding 30% at least on the current blocked Funds will prevent the closure from happening. not sure
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This guy gets it. Well said.
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On the one hand they wonât have to invest anymore in servers, on the other hand, legal bills are expensive.
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I am rather neutral on the subject.
When I see disclosure about 7x% retail customers losing on CFD platform, it tells me to steer clear. Just like I donât go to casino and play under house rules.
I value my hard earned moneyâŚ
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