GameStop & AMC Entertainment In Reduce-Only Mode

There are several types of suspensions, and circuit-breakers.

Trading 212 has restricted trading on $GME and $AMC in invest and ISA. By restring the securities to sell only is willfully conduct to manipulate the supply and demand for $GME and $AMC to sell only.

I’m going to go through the correct lines of enquiry but will be taking this to the FCA

No, they are not - T212 relies on infrastructure and market access from IBKR. IBKR have restricted access to GME and AMC (though why T212 didn’t just say that from the start I don’t know).

I think it is a bad move by IBKR (as it plays to conspiracy theories) personally…

1 Like

Robinhood also did…

1 Like

Trading 212 or IB does not matter. They need to take accountability

1 Like

Of course it matters - if IBKR don’t offer it there is no route to market. As I said I think the decision by IBKR stinks, but it is not T212s fault.

IIRC T212s T&Cs explain that they use IBKR to access markets and that is a risk that we take by trading through an intermediary (T212) of an intermediary (IBKR) (for free).

1 Like

What can those of us do that were in BB? T212 hasn’t blocked it, but most US retail platforms have done so, thus helping the price dive.

Do I have any options here to regain losses?

ā€œFree marketā€ what a shame

Whereever I look I see manipulation.
Elections, politics, trade

Its so sad. Maybe I am just too naive or idealistic but its just wrong ;-(

6 Likes

They are not allowing me to sell. I guess there is no buyer as its suspended. :unamused:

2 Likes

T212 isn’t regulated by the SEC so I wouldn’t bother!

1 Like

Under FCA regs they can limit, it’s not the same as the US regs

2 Likes

You should be ashamed of yourselves. Crooks.

ā€œTrading platforms including the popular app Robinhood, Ameritrade, and Fidelity have halted users from purchasing shares of certain companies that Reddit users have been buying up en masse.ā€-Business insider

Just imagine if IB/trading 212 was on the right side of history. This was deliberate and organized. All retail brokers take same, dubious, manipulating action!

6 Likes

No excuse for poor system performance. They’ve been having these issues for a very long time.

Imagine the huge gain in credibility among retail investors if IB/trading 212 did not team up with other manipulating forces.

Trading212 would be celebrated and more retailers would flock to them, seeking fair market practices

Instead…

4 Likes

So the narrative has changed from T212 placing the restrictions to protect us to their intermediary not allowing it? Great

1 Like

This is most definitely not Trading212’s fault but they are complicit in allowing it to happen for this long. What have they done to reverse this move by IB to stop traders from buying these stocks?

1 Like

Why would they want to? They are in on the deal, share lending is for shorts?

3 Likes

Dont be naive, dont count trading212 out

2 Likes