I agree⦠I donāt understand the reason of this limitation
I think it is because the regulations for each country differs. hence why we recently saw spains promo expire and is no longer on the list. will be good to see even just a few more major countries added to the list, however I can understand that if everyone suddenly starts inviting for the free shares were may see the client base rapidly expand above 1million and cause more server instability.
The impression I had about recent outages, was IB responsibility (proved by IT tools about the instability of IB, Bloomberg also mentioned the IB outages).
1M isnāt a big number, there are several Fintech with more than 1M clients.
In my country there isnāt any regulation against offering free shares. Itās usual some companies offering company shares to the employers. In the end, all that they want is that we pay taxes.
(There some harmonization in UE countries, specially in the Eurozone, with financial passport and legislation.)
there are, however they donāt see their growth rapidly reaching the number in such a short span of time. T212 client base practically tripled across this year amidst lots of market turmoil so both T212 servers and IBās connection with T212 faced unanticipated stressors. there are also a bunch of fintechs that we hear about a lot who are many times smaller than T212 currently that still face their own constant service issues .
I recently saw a popular cyclist collecting donations for a charity fundraiser in connection to an event he was doing to raise the funds. the catch was that while UK donations can have gift aid applied, because the donations also resulted in an entry into a raffle for a free bike the fundraiser would fall foul of giftaid legislation because offering something in return for money is no longer a giftaid eligible donation. Some things can certainly be done on mass scale if the regulations around it are simple, but there is the possibility of unintentionally breaking a rule somewhere.
Itās also possible many of the countries not yet added arenāt showing enough potential interest in the stock market for T212 to reel in lots of new clients or that they want to avoid getting flooded to 2million+ clients overnight before the servers are in place to handle the load Only time will tell.
So T212 added Lichtenstein, a country with 38k population?! All that people invest in the financial markets and all in the same broker? Not a financial hotspot for clients for sure.
Probably that was the reason why Lichtenstein was added, very few potential customers, so less stress in the servers. Next stop, Vatican City, an 1k microstate, who doesnāt want God as client ?
It looks limited to 20 shares/referrals like the āinvite friendā as well. Any idea why is that limitation?
To prevent abuse of the promotion somehow, 20 should be more than enough for the average person
Hi where is this feature on the app? Im based in the UK.
Hereās my Pie:
https://www.trading212.com/pies/l7j8SQKl5ajXeahVm1bgkYuWXaoQ
the best part is that, italy, spain and poland were avaible like few weeks ago. Now they are goooooneeee god knows why⦠still 0 explanation
@George would u be so kind to tell us something about that?
their promotions ended and thus the free shares are no longer available. promotions donāt run forever and expire at different times in different countries.
there will likely be an announcement once the promotion is started up again for new countries.
How do we know which countries do or donāt get free shares?
You and Your Referral have to be residents of one of the following countries:
The United Kingdom, France, Germany, Switzerland, Austria, Ireland, Luxembourg, Lichtenstein or The Netherlands.
Youāll find it here: https://www.trading212.com/en/Invite-a-Friend-Terms (Section 5.8)
As for now:
Thank you both, I fall under those; thatās great!
I agree with you 100%, this is why i have been diverting most of my new investments to XTB (based in Portugal and with Real stocks) or to Degiro.
I thought XTB was only CFD. Maybe are CFD in my own country. Are these also fractional?
In Portugal since mid 2020 it is possible to trade both āReal sharesā and CFD of shares with XTB.
There are no commissions but you have to place an order for a minimum purchase of 100usd/100 euros. Thus no fractional shares.
On the other hand they always pay dividends on the foreseen payment day, it is possible to extract reports and they issue certificates for tax purposes with all required info.
how do we know which countries are on the list?