Do I miss something, how can you make any profit with such spread?
I am not a pro with cfd, but never saw such a spread with any instrument so far.
I would love to add more for the sell price of 8.77, instead paying 9.99, on the otherside it is weird to be not able to sell myself for that price in that moment.
What was the market spread at the time?
Sorry, like I said not a pro, where would I usually find such data for a specific time frame in retro?
At this point (market close), I was able to buy in “invest”-part of the app for 9.56 and sell for 9.20.
(I have positions in CFD and Invest for this instrument, that’s why I am so confused how it can be so different, especially with margin calls involved in cfd)
This might give you some explanation.
If you are referring to CFDs, indeed T212 does have a control on the spread there.
But the heightened spread that will arise with volatility is not an effort to sham their customers, but instead a necessary step regarding their risk-management policy.
As a CFD provider, they are your counterparty, and while they keep a market neutral position (they are not betting against you), they may face high risks when underlying securities move rapidly, and if liquidity is low. Risk being them …
There are a few forum posts here about CFD spreads on T212 that you can maybe search for. Your screenshot, while indeed a wide spread, is mild compared to some of the spreads I’ve seen posted on here!