Why is BTce allowed to remain until Jan but everything else is getting killed? Simple answer- less profits to be paid out!!
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FCA acted on a proposal from last year to ban crypto derivatives to retail clients which comes into effect in January '21. As such T212 is proactively sorting it out so that there are no chances of breaching the ban and avoiding all those with positions from facing the volatility associated with waiting until the last minute.
Only for UK. Rest of Europe is safe.
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I thought they said they were going to let people keep positions open for as long as they needed. Doesn’t that notice say they all close on the the 27th?
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it’s likely they came to the decision that was best for the affected clients. based on the notification you screenshot. I don’t get those notifications so can’t look into the specifics.
Hi @Dao,
When you say ‘they’ do you mean Trading212 or the FCA?
I am still confused as to whether my open positoins will be forcibly closed or whether they will remain open until I chose to close them as per the previous FCA notice.
If the FCA does not prohibit positons that are already open being left (only new positions being opened) then why would Trading 212 close positons?
Thanks,
Tom
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That’s why I posted it. This notice appears to contradict what’s previously been said. Hopefully clarification will come.
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I thought that was obvious from the message. 1am on the 27th all positions will be liquidated.
Indeed, but as it contradicted what was previously announced I thought it worth mentioning.
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Presumably they’ve decided its just easier to remove the whole thing so will sell any positions. I’ve only seen a forum post on it, im not sure it counts as an announcement.
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That was my assumption, although this seems very unfair. Potentially missing out on huge gains over the next year and also having to pay Capital gains tax twice if we take out positions on other platforms ahead of the deadline.
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I posted something similar on this topic:
Why do you think this might benefit any clients? I suspect it benefits only Trading 212.
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suspect what you want. I have been seeing a lot of this speculation lately, all without a scrap of evidence or support beyond peoples own assumptions, often based on faulty information.
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Cryptos going up in price not down 
close it early save he payouts for higher valuations. That’s just my opinion
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My position was closed with a loss due to this trading 212 manipulated candle. Other accounts do not close this candle with this wick
Wtf
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If in Cfd mode and funds not there to cover that dip it’s crap as it happens more than enough
So do you think T212 is manipulating the Bitcoin prices? 
Not surprise that so many people complaining about losing money here everyday.
