On the ironic side of life I am usually asleep during the occasional downtime, or working. Perhaps need to do less of either t really feel the burn.
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I saw that too.
If you invest on fundamentals those are all buying opportunities.
If this action is taken now to mitigate risk to customers then is Trading 212 now liable for losses as a result of historical risk where this action was not taken?
Under the assumption that Trading 212 has the contractual right to do so, does this not set a precedent for future (and past) liability?
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Itâs all irrelevant, you know once the market opens theyâll have the usual âTechnicalâ issues and you wonât be able to buy or sell anything.
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In short, no. This isnât advice so they arenât liable for any losses you may accrue.
@Team212 Since when did you guys become financial advisers?
This is pretty much what I got from this:
There is risk involved in GME and AMC, so you shouldnât buy this. Itâs OK to sell and close postion, but buying is not allowed cause we donât want you risking your money. Go buy other stocks that we think is better âriskingâ your money in.
How does that make sense? Every stock as risk, not just one.
T212, the Hedge funds or the âfat catsâ?
If T212 or other brokers was really âprotecting usâ. In last march we should stopped the exchange.
Itâs interesting as a new precedent has been set from this day forward. Trading 212 have now shown they will stop access to stocks that are âvolatileâ to reduce risk for thier customers. Therefore, should someone purchase a different stock that is subject to volatility you could argue the same measures should have been in place for that stock and your losses should be recovered.
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How is âIn the interest of mitigating riskâ not financial advice? Risk to who? I donât feel at risk and signed that I agreed risk was involved from the get-go.
Define Risk:
expose (someone or something valued) to danger, harm, or loss.
Thatâs exactly what it is, itâs more forced than advice at this point, but itâs the same thing.
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Pure manipulation if the stock was coming down you would let it run to zero ill be taking my money out of trading 212 asap
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For anyone wanting to raise it with the FCA, this appears to be the process. Complete with a template letter.
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Telling you not to buy is advice, removing the ability to is a change in service provision. You could argue a problem with the service and follow that up, but itâs not advice and wonât get you the coverage you would expect if a financial advisor mis-sold you an asset.
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Every major broker & trading venue has begun to place restrictions, our intermediary, which is one of the worldâs largest brokers, has done so too. Unfortunately, thereâs no way for us to be able to facilitate BUY orders with these securities as theyâre being shut down by third-party venues.
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cant wait for T212 to crash today!!!
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The problem is not what you do but how you do it and how you explain it. The description above which is quite frankly patronising and also deleating my message was weak.
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Respectfully, shouldnât this have been in the initial communication?
âOur hands are tied because thereâs no way we can execute buy orders for youâ reads a lot better than implying youâve made the decision for clients not to want to execute them at all.
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Why the FCA link was removed?
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Disgusting. Warning clients is one thing, but preventing them from deciding whether they want to take on the risk is a whole other level of manipulation. If this isnât removed, I will most likely take my business elsewhere, especially after the problems at open market yesterday.
Please think on this, and revert this decision before it is too late.
You got to hit them where is hurts before they start to become chatty.