I still think people are missing the big picture here. 0.15% being higher or lower etc.
The bigger problem is this will not be the last fee introduced
On multiple occasions T212 staff made announcements here unequivocally stating that “there will not be new fees for existing features. Some new features may cost money in the future”
And there has been two major fees since then. Deposit fees are kind of understandable because they cost money to T212. But this FX fee is introduced for pure extra profit as @David so enthusiastically announced it.
So a few hundred posts above @AlexK saying there will not be any future fees means nothing. Actually it means “there will not be any fees until we introduce new fees”
Because essentially this is a “forum post” he is making, and previous ones as well. One may claim it’s false advertisement in sequence like
- Hey forum! there will not be new fees!
- we got 1.4 million (+1 million added) customers!
- Here are some new fees, you’ll have to pay!
- Hey forum! there will not be new fees! pinky promise this time!