You can already transfer in. Transfer out I see as low priority for sure. I’d rather them work on more reasons to stay
Hey @Moul. Just wanted to drop in and mention that Social was not prioritised over anything, it was worked on by a separate team, alongside, not at the cost of, other features.
Sure. However, forcing people to liquidate their positions should they wish to switch is definitely not a good thing.
I am sure I am not the only one not wanting my money to be held hostage in a broker.
I have been waiting to transfer out part of my positions for months but I also do not want to liquidate them first. If it is indeed a low-priority feature, that is just shameful.
Thanks for the input, Wit. My main point however was that I feel like I have not seen any major feature added in since the pies and their related updates.
As to in-specie transfers specifically, I believe this is an essential feature that should have been implemented long ago. T212 has been around for a while now and I doubt this would take this long to have such a feature working.
Shame is a matter of perspective. Again I don’t see why they should put time in to help you go to an inferior broker. I’d much rather have traditional index funds, multi-currency accounts or a SIPP. HL still charging 0.45%, iWeb not updating their website in 10 years or freetrade moving previously free shares behind a pay wall can also be seen as shameful
I hear you, though as I see it, your position on the matter is based on the assumption that any broker one would wish to transfer to is an inferior broker compared to T212.
Not only is it incorrect, but most importantly people have many reasons to switch from a broker to another (centralization, ease of use, convenience in terms of taxes for instances, fees, available products etc.). Sure, T212 has many qualities but it is no longer fitted for what I intend to do with the positions I want to transfer out.
Most if not all major brokers have the option for in-specie transfer. I did not care much about it when I started using T212. I figured that by the time I would need that option, this would be implemented. Now, more than a year and a half later, I need it and we still have no idea by when we can expect it.
Coming back to the roadmap idea of OP, this would be great to know that this is something that is currently being worked on and what the ETA is. Instead of blindly waiting for something that may never come.
I totally agree with you. It is not something I am planning on doing tomorrow but having the option gives peace of mind.
I think T212 is quite superior to most of its competition.
However there could be instances where transfers in-out are very useful. Say you start a portfolio with T212 and some law changes in the future (or perhaps you relocate to the US) which means T212 can not have you as customer. One could transfer out to a supported broker without selling.
Well, instead of bickering here, find the original request topic, upvote it, support it.
That is the only option you have.
Even tho it was said te be on road map:
But this year if full of peculiar events. So who knows.
It would be great to see a list of features / functionality that are currently being worked on, even if they don’t contain any timelines against them for delivery. It’s difficult enough maintaining internal deadlines, much less external deadlines.
Nice as it might be, I wonder if this is realistic. Trading 212 operate in a competitive market of brokers. Why tell your competitors what new features and products you are planning? Do other firms do that? Could I expect Tim Cook to publish a list of things Apple is working on?
Having said that, engagement with users, is itself a product feature that Trading 212 probably want to nourish - within reason.
I completely get it and in a competitive space, secrecy is your best weapon against your competitors.
However, the fact that these sorts of threads exist in the numbers with engagement from T212 suggests that they choose to be transparent (to a degree) with their users as to what they’re working on.
Either way, I’ll sit back and patiently wait for what comes next!
I am not in the consumer software business, however Enterprise software requires vendor to provide long term plan/roadmap in order for business to be aligned on where the product is going.
Business would ditch product management who doesn’t provide clarity and future vision.
So from this perspective, us as investors.
We want to be aware of product future and where it is going towards. I for one would like T212 to have more proactive approach in community feedback/communication. Keep us in loop, what is next, what is ahead, what is priority what not…
@Richard.W plenty of public roadmaps out there, are you paid staff or volunteer?
A knowledgeable user, not staff.
Point is that exact reason is what T212 have said before, they won’t publish a public roadmap as it opens the door to being beaten to releasing new features by competitors in what is an extremely competitive market.
Thanks to you all for replying to this topic.
I am more in agreement with @Vedran and @onetimeengineer post on clarity and future vision and transparency. But also in terms of their strategic priorities. I remember Trading 212 saying that they are looking at making all stocks fractional and adding other smaller stock exchanges. So it would be good to see if they have specifically included it as part of their 2021/22 roadmap.
Conversely I respectfully disagree with @ryan9921 and @Richard.W . In terms of keeping their future features secret, unless it is something completely new and unique, then most of the feature requests have already been implemented by other platforms (please let me know if I am wrong on this). I just want to know which ones they are going to implement and when.
Also even Apple will come out with a roadmap of things they plan to work on. As their suppliers need to know so that they can align themselves and invest in equipment etc.
Hi. The point of my message was really just relaying the answer staff have given before on this question. I am not an employee and I’m not a rival in the free trading brokerage market, so I can’t comment. They have also said before that they do not believe spending time on maintaining a roadmap, which in this industry can quickly become out of date as market conditions and therefore priorities change, would be productive.
Hi @ryan9921 ,
That’s fair enough😄. I wasn’t implying anything.
But even if the roadmap changes or becomes out of date, just having one shows that they have given some strategic thought to their industry and their competitive place in it. Rather than being reactive to market conditions. I see this roadmap as a way of discerning their vision of how they see themselves and where they want to be in the future.
I am not quite sure why we want a roadmap. We are not employees, investors or partners in the business who need to evaluate whether the company is thinking strategically. We are only customers, who are free to use the product or not. Sure, we can suggest things that we would like such as csv transaction data, multicurrency accounts and SIPPs. Trading 212 have shown themselves to respond to client suggestions. For myself, I do not feel comfortable asking for more insight into future plans than the team already share with us in the forum. Of course I am curious and enjoy reading about whatever insights are provided. I frequently see requests on the forum that smack of an entitled attitude, often ending with that phrase which I particularly dislike when others are asking things of me: “thanks in advance”.
400+ results for Thanks in advance
I found with search. Maybe it is just me who finds this phrase niggles.
General idea about roadmap is for those features we have received public feedback that they are in pipeline.
To get sense what is next release goal, what features have highest priority etc.
Some of them are Fractional limits, multiple exchanges, those are features of top of my hand, probably dozens of publicly announced in pipeline features, thus they are not top secret.
No timelines, just what is next on priority etc.
Certainly that is not revealing to the “enemy”.
Why don’t we enjoy the surprise what they do or do not decide to roll out, in respect of updating features.
The more questions we ask and expect them to answer on the forum, particularly the duplicated requests, the less time they have to spend on things.
Then again, this is a feature suggestion and ideas area of the forum, so come up with some ideas, and see if they gather enough steam to get attention.
Hey @Vedran @Beavis @Moul, there is a poll going over on Most Wanted Features Poll 2022 where in-specie transfer is ranking well, but not where we would like it! Recommend you head over if you haven’t already, so we can show T212 how important it is that they deliver on this.
Considering it was on the committed roadmap for Q3 2020 and then postponed at least 3-4 for quarters before they just said no ETA or commitment, this could be a great way of showing how much the in-specie stock transfer is wanted by the community!