It is certainly not the industry standard. Interactive Investor shows my portfolio value based on the sell price - not the last traded price. This is just nonsense. Some of my instruments are extremely low volume and their āvalueā is jumping around all over the shop: 7-10% every time the last trade switches from a buy to a sell or vice versa.
Also, it is inconsistently applied. Some instruments show the sell price matching the large figure at the top of the screen (the LTP?) and others do not. Furthermore, it screws up the self-balancing feature when buying Pies.
Is it really the industry standard to not show the bid-offer spread? This sinister measure is designed to disguise spreads, confuse the trader and increase trading volumes. For example, on LSE:CRL I am currently being presented with 35.3p for both a Market Buy and a Market Sell! The actual Bid Price is 33p and the Offer Price is 38p - an horrendous spread!
Please reverse this bizarre decision.
This is how FATANG ETP chart looks in the past few days. Note: It hasnāt updated for the last 2 days.
Ridiculous decision. I hope it is reconsidered, or at least made optional.
I want to complain about this change as well. It is confusing, we are not sure if it is implemented or not, all my ETFs are stuck for several days at the same price and customer service is giving me conflicting reasons, initially it is the bloomberg feed that shows the info so it must be correct, then when it was proven not so, it was the ETF provider not sending data quotes, entered the website of the ETF provider all was up to date, last feedback received was that they are changing the system of bid and ask to LTP, did some transactions and guess what? Prices remained stuck and not refreshed to latest trade. Something is not going right and you must attend to it immediately to retain customer faith. Youāve caused me great distress and changed my opinion on trading212ā¦
This has created big issues in the charts and P&L doesnāt update properly. If it doesnāt get fixed then Iāll never open a trade on T212 again. Iāll be switching to a more professional broker. Why would you change something that wasnāt broken? It just screams something dodgy. I think payment for order flow is banned in the UK, but it just means more advantage can be taken of customers.
It is banned in the UK.
Could you speak further to how youāre being taken advantage of? Itās definitely me, but I canāt see it.
Well payment for order flow would have been the method on how customers are being taken advantage of. Does this last trade price facilitate that? I donāt know.
Niceā¦ Investigation youāve put together here.
Err, yeah. Thatās not it.
Agreed that the LTP has introduced some inconveniences (mostly all these leveraged products are absolutely untradable without having any idea what their index is at).
But that doesnāt make it a scam either.
I often see the criticism that T212 ājust want you to trade more and moreā. While thatās true on the CFD side, they really donāt want you to trade a lot on the invest/isa side. Holding lots of shares? Sure! More potential interests. Sending a lot of orders? Big no no, they pay the transaction fees that you donāt.
How is everyone dealing with this challenge while T212 tried to fix this, any workaround? not able to see the latest price on my ETPs
The best is to use either Tradingview or go to the ETF issuer website and check their live price. This change totally destroyed me costing $$$ since my first thought is that Trading212 was going bust and I started selling off as fast as I could. Very unprofessional IMO how this was implemented and I am searching already for Trading212 alternatives since not even LTP is being implemented as they note for many ETFs. Nothing is perfect in lifeā¦
Iāve hastily liquidated some strong positions i had out of fear and personal needs and NO last trade was recorded in Graniteshares inverse etfs. So not even LTP was implemented in the ETFs i traded which were 4-5. Prices just stuck, PnL fudged, planning goes down the drain and scary thoughts in the back of our heads not being alleviated by simple fixesā¦ The dice is thrownā¦ Also concerning pricing and that many orders ācostā for trading212 : they seemed that they controlled the premium they charged imbedded in the buy and sell price spread. Do they need to charge a transaction cost? Thatās debatable - but surely you NEVER find an indirect way to discourage investors from something you want them to limit. You leave too many questions and create fear.
To be clear, you mean CFDs right. This is well known across brokers, for the simple invest side, trades are on book market trades.
Sent an email to Leverashares ETF and they responded that they are not responsible for any of these delays in price update. Itās 100% verified that the stuck prices are on trading212 side and please note that we do not see LTP either in the EFTs. Can this be solved asap? @David
Leverage Shares -3x Short Siemens SIE (stuck for a week or so)
ā¬7.3973
ETF SSEE IE
For all these people that have been complaining the whole week about prices not updating, not a peep when itās fixed. Aināt that great.
All we all want is to see the Bid / Offer Price and then either everything at a contant level (Bid/Offer or even Mid).
Previously we could see the Bid / Offer (even if it was there as an indicative guide). That needs adding back asap.
Itās getting very frustrating with alerts as I keep getting notifications when the actual price is nothing like the price triggered. The alerts need to allow setting based on the Bid or Offer price which is the only way to may sence on what they are.
Things see to be normalizing with ETFs - thank you Trading212 for listening.
Are you a customer or a company employee or just hangout here as a spectator? When your funds are in possible danger do you just pass your time commenting on others funds management behavior? If one works hard for their money and is a serious investor hiccups of this sort can trigger alarms. I am surprised you are OK with that.
This has been, at most, a minor inconvenience. Prices are available through a number of various providers, and anyone who is seriously committing to his hard earn money is already using limit orders anyway.
Iāve just pointed out, people have been incredibly ready to voice their complains; but none bothered saying anything once the issue had been resolved.
Why would you take offence in this fair statement of the situation?
No offense taken, just a strange position to say that not having correct prices and having etfs stuck for over a weak is āa minor inconvenienceāā¦ Like mentioned above LTP was not showing either. In any case I thank trading212 for listening and fixing the situation - I hope things stay this way because I probably brought 5-6 people on my recommendation saying that this is one of the best platforms and got some negative feedback from a particular acquittance that was contemplating to come onboard and cancelled it last week after seeing the problem.
None of these are ETFs.
Finance terminology police alert! ETFs are a type of ETP.