Yep, ISA transfer to Freetrade filled out this morning after seeing Interactive Brokers Chairman, Thomas Peterffy comments. As long as T212 just acts as a middle man for IB I’m no longer interested in trading with them.
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First off, I’m sorry if this is in the wrong subforum, please move it if so.
Please, please, please consider adjusting the sell limit cap on $GME. We all know what’s going on by now, and every other trading app out there is allowing people to set limits at $2k, $10k, $30k or whatever. The number is irrelevant. Right now I can’t even set a sell limit at $1200 without seeing ‘The entered price value is too far from market price.’
I’m not looking for criticism on those numbers, they are purely for example purposes. I’m not looking for people to ask why someone would hold so high either.
Please consider. Restore my faith in T212.
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I want to be able to set this up as well. I want AMC to sell at $50 how to do this?
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What, you want full control of your investments which you fully understand the risk of?
No way, Trading 212 has to hold your hand and decide what’s good for you.
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Which on should I use? STOP or STOP LIMIT?
I would be cautious today folks. Apparently Robinhood are limiting the amount of shares their users can hold of GME & AMC.
How can i set this up so lets say when this stock hits $50 it will sell?
Im just scared that it will fly up today and I wont be able to sell because the platform will be down so I need some sort of safetynet to get me out of it if it gets to $50.
Just to reiterate T212 use Interactive brokers that require a max/min distance set on all instruments. This needs adjusting from the current price manually.
If you ask @Rumen or @Martin he will be able to do this.
Here’s the thread to post in.
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If the sole figure you have in mind is $50, then use limit. always a chance they don’t get executed esp with the volatility and trading restriction imposed by big boys which t212 are tied to. Food for thought: There’s been way more volatile stocks but yet theses are the ones that get acted upon “to protect us”.
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A sell stop is a trigger point for a market sell.
The stop limit will trigger and then put in a limit sell. However if it falls below the limit then you won’t get filled (unless it goes back above)
I’m interested to learn if T212 has had any internal discussion about potentially removing its dependency on IBKR, especially after this whole debacle and how IBKR chairman acted in that interview. T212 caught (and still catches) a lot of flak simply because its hands are tied by IBKR.
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That interview was a massive mid finger to retail investors. We know what’s best for you. You can only do what we allow. We run this s…t.
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I’m sure they have. Would be a massive shift to take that omnibus account they have and switch.
I’m wondering how agnostic the API calls were written if it can be switched to another provider.
The thing is who could that other provider be? Would they have similar issues.
The only way is to do a Freetrade and work directly with the exchanges.
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Who is Freetrade’s intermediary?
They work directly with the exchanges APIs.
T212 piggybacks on IB. So they have zero control over what IB does and when IB has issues T212 has issues.
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Aye, and I wouldn’t mind paying a small fee for that luxury. Really dig T212’s platform (when it’s not under strain 
). I get the whole “free trades” feature, but nothing is ever free.
@Team212
Can you stop this thread from being unpinned please? Or is this deliberately being done?
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Thats not T212s fees, you pay those with any broker.
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The SEC and FINRA Trading Activity Fee (TAF) are regulatory fees charged on the sale of any security. These fees are automatically debited from the proceeds of any security sale. These minor fees only occur on the sale of a security and is equal to:
- SEC Fee = total price of transaction * $22.10 / 1,000,000 ¹
- TAF = “$0.000119 per share for each sale of a covered equity security with a maximum of $5.95 per trade.” ²
Fees are rounded up to the nearest penny.
Sources