@RumNCoke I get your point, we need regulation in-specie transferā¦once in place, it will happen very quickly for ALL brokers
in-specie transfer needs to be mandatory for all brokers, the regulators arenāt doing their jobs, maybe cos thereās no money to be made 
Totally agree. I do believe all brokers will offer in-species transfers sooner than later.
The first beta tests were in 2020 so i wouldnāt hold my breath if I were you, i think it could be 2-3 years more before its implemented or they give up.
After releasing Beta testing for other features it usually doesnāt take more rhan a few weeks or months for T212 implement it completly.
In this case, they started Beta more than 3 years ago and then canceled it with no further update other than āweāre working on itā.
Iām not a specialist on software development. What I know is almost all brokers, many smaller than T212, offer in-specie transfer so I would assume T212 has the possibility to implement it in less than ā¦ 4 years?
My guess is they are not actively working on it, they might have paused it or change their minds throughout Beta testing.
I wonder if regulators did require all brokers to offer In-specie transfer how long would take T212 to overcone their ādifficultiesā. Much less than 4 years I thinkā¦
Of course it would. Thereās a huge difference in emphasis between desired features and mandatory features.
The difficulties I suspect are because it relies on Interactive Brokers behind the scenes which no doubt creates additional complexities. Most likely 212 are not a priority for IB.
Maybe we should create a poll in this thread to ask Trading 212 users how many additional months starting from Oct 2023 they are willing to wait for this feature before they decide to either (1) liquidate the positions they were planning to transfer out of Trading212 and move on, or (2) consolidate their positions with a different broker that offers in-specie transfer. The options in the poll could be 3 months, 6 months, 9 months and 12 months.
I think most just want the truth not to be strung along, if itās still potentially years away then customers deserve to know that.
I actually verified the list of avilable brokers to transfer from and to IBKR and it is almost endless. I doubt they would facilitate that feature to all those brokers while not allowing T212.
Itās not that they donāt allow it, itās that T212 holds our shares in an IBKR account, that I expect adds complications to the transfer. IB would probably have to make a special case for 212 and I guess itās not a priority for them.
Your shares are held in a pooled account at Interactive Brokers, one of the largest brokers in the world. Pooled accounts are commonly known as omnibus accounts.
While I understand that, it would make more sense if it was actually easier to transfer assets to a broker that already holds them rather than difficulting it, donāt you think?
And I would like to clarify that allowing in-specie transfer wonāt make me transfer my funds. Instead, having that option in the future makes me more confortable in keeping my funds with T212 knowing they are not frozen.
Yes but it would obviously require IB to do something on their end to facilitate it and they seem unwilling or unable to do that currently. Iām assuming itās out of T212ās hands and thatās why they canāt give a timeline.
We are excited to share that weāre making progress as we speak and will soon start the design process. However, we canāt provide a specific release date for the feature yet. What we can share, though, is that the transfer will work both ways - IN and OUT - for ISA & Invest.
Thanks for the update. Itās good to know that both in and out will be available. I had not even considered the possibility that outbound transfers might not have been possible depending on the design choice. Since thereās still no timeline visibility, this is still years away from release as far as Iām concerned. Therefore, I think the poll posted earlier is still of value to gauge the mood of Trading212 users. Please feel free to take your vote in this post: In-specie transfer šØāš¬ - #228 by d_a_n_i_e_l
Disclaimer
All I am due to say here is just what I believe might be happening in the background.
Disclaimer [End]
212 uses IBKR for the custodianship of our investments
Iād imagine that could create complications as if assets owned by IBKRās customers and 212ās customers are within the same pooled (nominee) accounts, this could create difficulty
Iād also imagine this could make things interesting when transferring from 212 to IBKR or the other way as itās at least feasibly possible that there would be no physical change in where the shares are held from the perspective of custodianship.
On the surface you put in a transfer from one to the other but in the background, nothing changes except a change in book keeping.
Of course I couldnāt possibly know how all the plumbing in the background works.
While I could be off the mark, and perhaps even way off the mark, itās at the very least, a possibility.
Not that you made me think - none of the brokers I know that utilise omnibus accounts offer in-specie transfers.
Amazing news the the team is finally making progress on this!
How do you go from being in beta previously to now starting the design process. Thatās back to front as the design should be the first thing once you know the requirements.
The initially launched flow we had for the Beta testing wasnāt as efficient and seamless as expected. We want to provide a more scalable and user-friendly flow, hence the change of the approach.