If I’m not mistaken, our cryptocurrency positions on the CFD platform will be liquidated in less than 3 hours.
I’m just mentioning this in case anybody forgot, or, like me, misread the time in the notification.
We understand that, but why do we get a notice only 48h before ? Why didn’t you send that notice two weeks ago ?
What’s the view from others on here, I’m using another platform as it’s been impossible in here the last few days and the spread has increased dramatically.
As T212 closes all positions will it have an impact on all other platforms as there will a loads of closed positions who believe negative or positive - interested to get thoughts from others.
@lewis which other plateform are you using. I have no other choice than leave and trade elsewhere. Is there any good alternatives ?
Going, going,…? (00:59)
…not gone! (01:02)
Although, the price feed has frozen.
It looks like the final price may be $17,375.79 for BTC and $523.28 for ETH.
It’ll be the final straw if the funds aren’t available before 15:30 in time for the margin changes.
@Supraman Did you notice that overnight interest fees doubled from November 25th for all instruments ?
No, I didn’t, but thanks for the warning. I never took a note of my swap numbers because they change all the time as the price fluctuates.
Just as a matter of interest, how did you notice? Did you notice the swap numbers double, or just the payment in Reports | Interest?
…gone! (05:09)
All my cryptocurrency positions have been liquidated, as expected. I already have no crypto in my portfolio and my free funds have increased significantly. I intend to do a thorough check of the calculation later today. It’s no longer even possible to search for the cryptos in order to check their price history.
I really hoped Trading 212 might see sense and abandon their unfair plans for today, but it doesn’t look like it.
1 down, 1 to go.
As I said in the margin change topic, the one upside to the forced crypto sale is that it frees up funds to cover the increased margins being introduced at 15:30 and simplifies the choice of which instruments to sell if necessary.
I have had my crypto CFDs closed by T212, without warning. I was of the understanding these were now in close only mode. My positions were in significant profit a couple of days ago and I didn’t close them because I was going to hold them quite long term. But now with the big pullback, these positions became slightly in the red. So what does T212 do? They cull them. If I had known we had to close them I would have done so when the cryptos were trading at or near all time highs for several days.
It’s funny (although I’m not laughing) how they didn’t liquidate our positions when we were at or near all time highs, choosing to offer a close only mode, but now with the big pullback, they change their mind on a whim.
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T212 sent 2 app notifications. On 23/11/2020, they said the positions would become close-only. On 25/11/2020, they did a U-turn and decided to liquidate. There has been A LOT of discussion about it on this forum.
Do you use the app? Did you definitely not get the notification?
If you missed that notification, are you aware of the margin changes at 15:30 today?
Currently using Plus 500 too
The overnight interest fees doubled although the price didn’t change that much, and that happened for every instruments I held.
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I’m amazed that there haven’t been more people posting on this topic that they didn’t know their crypto positions were getting closed at 01:00 this morning.
Was the app notification sufficient to let everybody know? Was crypto not particularly popular on Trading 212?
Life is so boring now without any cryptos to trade over the weekend! 
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Has anybody any idea when crypto will be back in trading 212. Crypto market has been down for the holidays but it might soon get back up. I want to invest some before that.
It depends what you mean. Are you aware that Trading 212 liquidated all CFD crypto positions at 01:00 this morning and they will never be back in CFD?
The FCA has banned crypto in CFDs from 06/01/2021, so soon no CFD providers will offer them.
There was a post that said T212 plan to offer actual crypto trading (not CFD) in the future, but there was no indication of timescales.
You can indirectly trade Bitcoin using the BTCE instrument in ISA/INVEST, although only until 06/01/2021 when any open positions will be set to sell-only.
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I’ve been trading crypto now for around 8-9 years and as such I’ve had High street banks close my accounts (trading crypto is considered money laundering) and had people buy crypto from me using PayPal only to then dispute the transaction and loss funds as crypto is not recognised and goes against terms of platform.
Was excited to see it here and put a few requests in for a crypto that’s actually got use cases and going somewhere but, was a lost cause.
Now that it’s been taking off here I reverted back to my old spots and actually found a great rewards system using crypto and whilst crypto sitting in account I’m getting paid between 2% per year for one and 30% per year for another.
It’s not leveraged but, with a market going into a trillion dollar MC within next 12months it’s a great appreciation of my holdings and an amazing store of value.
I’m not going to spam here so if anyone does want to know anymore about it hit me in pm I’d be more than happy to have a chat about it.
Hopefully T212 does get actual crypto up and running as it’s a great/safe store of value at the moment. Maybe start their own token (T212) as a a way to make money for company and a use case for traders to use instead of currency conversions
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Would also be a great tool for users to convert their assets into if markets going down. Similar to usdt but t212s own token so the company makes money aswell as users having a safety net