Are there any plans to create company trading accounts? Currently, payments from personal accounts are accepted, but I believe there are people who would like to invest through their company accounts.
Would also be interested in hearing an answer to this
@David Is it available right now or is T212 having a plan for such feature? Thanks
Our current focus is more retail-oriented but weāll definitely support company accounts as well at some point.
It is good to hear that it will be available in the future. I guess there is no estimated release date yet, when support for company accounts might come into production? Would be very happy to even get a rough estimate, since in investing time is essential, but so is choosing a great platform, that I believe trading212 to be.
@ChrisL Itās tough to provide an estimate because the idea hasnāt been thoroughly discussed yet. I doubt itāll happen this year.
Hey,
Are there any news on that topic yet?
I am about to start my company for investing, but am forced to choose another broker.
Many thanks
@David any news on this?
Sounds like a bad idea to me, no fear factor using limited company funds at your sole discretion. Bet the revenue would love to see this in the future.
That would give people access to leverage using a company account, very interestingā¦
I have started exploring Wise(Formerly Transferwise) business account.
They have an option to open āJarā for a currency and convert it to stocks āJarā.
The stocks Jar is invested in
iShares MSCI World Equity Index Fund with service fee 0.4% and fund fee 0.15%.(EUR).
97% of the amount is also available to withdraw from the jar.
If anyone has already explored this, please provide your thoughts.
Seems a cool idea, but youāre paying a platform fee of 0.4% and then a 0.15% fund fee by the sounds of it. If you need a company account, I dont think 212 do company accounts, but InvestEngine do. Iām not sure if they only offer the āmanagedā option, so a 0.25% fee instead of 0.4%.
InvestEngine has no extra charge for self managed company accounts.
But, the settlement date is T+2 days and so when funds are required by company it isnāt instant.
Thatās when TransferWise helps as the withdrawal from the stocks Jar is instant.
āCost vs Convenienceā!!!
Yeah but the majority of ETFs still settle on a T+2/3 basis. Yes you could in theory try to balance inflows with outflows, but thatās never a perfect balance so you need to eat the costs somehow if settling early which probably brings rise to the higher fees to cover costs as you say.