In-specie transfer 👨‍🔬

I need to get off this platform to be honest, especially since the buying restrictions started.
It’s no longer viable for me to stay here with 6 figures especially given some of the max position sizes are like £1k.
IB also works out cheaper on the FX side of things which adds up over time and it does not have any of the position size restrictions (read opportunity cost).

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I have an old stocks and shares isa with Virgin money, within that i had invested in some tracker funds, would this be eligible for in specie transfer? I have no idea if you would transfer into equivalent funds or just my balance

Right now - only cash can be transferred in to or out of T212. In future - I would check if the exact same funds are available in T212 if ETFs then they probably are otherwise probably not. They would transfer exact positions only (or cash) not similar/equivalent.

Really looking forward to this

Freetrade has also got support for In-specie transfer by IBKR.

Comon Trading 212, where are you!?

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Appreciate everyone’s interest and patience :pray:

While we still have no updates, we know that’s a long-awaited feature, and you’ll be the first to know once there’s any news.

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Has Trading 212 confirmed that the feature is actively being worked on?

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That’s a good question since T212 recognizes this is a long-awaited feature, but never confirmed they are actually working on implementing it.

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They have been “paused” since July 2022. I doubt they have done anything with this lack of communication.

Lol, they did say further up the thread(and more recently 4 posts up) that they would give further update when there was one. Patience is a virtue :man_shrugging: :rofl:

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They absolutely have confirmed they are working on it.

Since when? It’s been paused since July 2022…

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Don’t play whataboutery. That wasn’t the question posed nor the answer given.

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I remember waiting for this feature in 2019, it was almost ready to go live. It’s been paused and worked on continuously ever since.

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It’s never coming. :smiley:

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Still putting the blame on IBKR?

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Have you heard of patience? You were happy to sign up without it, it was never promised, so why are your knickers in a twist now :man_shrugging:

Your posts other than these add zero constructive value.

And yes, I do want the option to transfer in/out securities should in the future I wish to move (say if 212 hiked their fees for example and were no longer competitive). But I wouldn’t want a half assed process rushed out just to make people happy. 212 piggy back off IB to provide us services as you have highlighted, but that doesn’t necessarily mean as soon as IB offer something, 212 can as well. That extra layer must have some complications.

If your looking to leave 212, or move more positions to 212 without having to sell, you will simply have to wait like the rest of us.

Have you voted on the poll I posted to highlight to 212 what are the most requested features, you could try that to help reiterate the importance in customers minds if 212 could support an inspecie service. Not all brokers do.

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I kinda get the feeling that people might be thinking T212 are dragging their feet for the fear of loosing customers.

But the reverse is the case ie there are actually missing the opportunity of tapping into some of AJ bell and HL customers.

Personally i have an account with HL which has been dormant cos of the fees (£11.95) per transaction makes buying and selling difficult for small trades.

Now unless there other brokers out there that are cheaper than T212, am struggling to see the benefits of “dragging their feet”

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They are absolutely missing out. But as far as I understand, it’s up to third parties like IB.

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Calm down you are not the only one here thats needs this feature, rushing them and posting here furiously/frequently isn’t helping.

Let them do it on good time so no complications.

I monitor here every week to see updates, suggest you do the same instead of bashing T212

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