I agree, but when your trading with high-leveraged products, swing trading, active day-trading which many people do the feeās rack up quickly.
Instead of having discipline through charing a high fee, they can instead put a message.
Iām not sure why people think that T212 are likely to be willing to introduce ways to reduce the FX cost given that this is clearly a revenue stream for them!
Yes, fx costs rack up (and I disagree with the way that they were introduced) but that is exactly the point ie it increases the profitability of t212.
2 Likes
If I compare it to DEGIRO:
I buy 100 shares of a company on Nasdaq: ā¬ 0,56 for the transaction + ā¬2,50 once per year for Nasdaq connection.
I see examples where the FX fee is already way more.
3 Likes
@chantal Did you take into account the 0.10% fx fee of degiro ?
Where is that calculated? Never seen it on their platform.
Degiro has two options. Either 0.10% applied automatically to change your base currency to USD as needed at each buy and sell, or you can exchange money into a USD currency account for 10 euros + 0.02%. Once the USD are in the account there is nothing to pay for fx while you buy and sell US securities. The first option works the same as Trading 212.
2 Likes
FX fees arenāt the only thing you should worry about with Degiro, their fee structure is quite complex: https://www.degiro.co.uk/data/pdf/uk/UK_Feeschedule.pdf
1 Like
Oh come on.
Of course they want to turn a profit.
Its a business.
*Was completely free
No one likes a Nanny state anymore than the Spanish Inquisition.
Its nobody elses business what each trader wishes to do.
Do you also suggest T212 puts up a banner: āplease donāt drink & tradeā ?
3 Likes
A bit harsh response, donāt you think?
Where you saw in my post any thing mentioning or suggesting T212?
Just to simplifying, I was talking about auto-discipline, not about imposed discipline.
2 Likes
Donald_Duck
Can you get it cheaper elsewhere?
Yes, you could. Read the post in this thread above??
Some people here have ānot in my backyardā attitude as long as it does not have or have a very small impact on them.
They thought the majority of people here are long term investors like themselves, buying Index Funds, ETFs or just buy UK stock. Buy once and forget. If all of the T212 clients are these types, would they be able to sustain a near zero fee??
They forgot that T212 is mainly for traders rather than for long term investors as the platform name suggest. āTRADING212ā (not investing 212)
1 Like
Interestingly, according to my recent contract note, a fractional share purchase of value Ā£1.82 attracted 0 fx fee. Presumably this is since 0.15% of 1.82 is Ā£0.00273 which is less than 1p.
I have not tested the following, but perhaps this means that a pie purchase of Ā£60 that goes Ā£3 into each of 20 stocks will end up with 0 fx fee rather than Ā£0.09, since each pie slice will have fx fee of 0 when rounded (down) from Ā£0.0045.
On the otherhand, a Ā£70 purchase would mean Ā£3.50 in each stock, which would mean fx of 0.15% 3.50 = 0.00525, rounded (up) to 1p. So 20p charged rather than 0.15% of Ā£70 = 10.5p.
This post is only meant to be amusing.
2 Likes
Fat finger mistake when writing post immediately above.
How to cancel pie purchase?
When testing to remind myself about minimum pie purchases, when writing the above, I accidentally pressed Confirm Buy on a pie purchase of Ā£10. Ā£10 cash was moved into the pie to prepare for purchase at market open Monday. I could not find a way to cancel the order, but I could remove the Ā£10 from the pie cash balance. I wonder if anyone knows, will removing that cash have succeeded in cancelling my unwanted pie purchase? How else does one cancel a pending pie purchase?
1 Like
The word āoverā always has a negative connotation. Every single word with āoverā in front of them is not good.
But it will depend on your definition of over trading. Are people doing swing trading, day trading, tarading with leverage are over trading?
Do not forget T212 is mainly for traders platform rather than long term investors as the platform name suggest. āTRADING212ā (not Investing212)
If the majority of people here are long term investors buying Index Funds, ETFs or just buy UK stock. Buy once and forget. If all of the T212 clients are these types, would T212 be able to sustain a near zero fee??
overnight, oversight, overalls, overt, overarm, overseas, overcome
I couldnāt resist the challenge to think of some. 
3 Likes
This is exactly what i wanted to say as well ! Otherwise, Trade212 will be too expensive. Likewise, Trade212 should allow users to change their base currency, at least in the investing account.
1 Like
Canāt help but think that they might just be dragging thier heels on transfers to other brokers after introducing a fee they will benefit from if people are forced to sell and rebuild to transfer.
People keep comparing this to etf fees, but no ETF sold itself to me as fee free then put in 0.3% of fees 11 months down the line.
Playing devils advocate here but nobody is forcing you to trade an instrument not in your base currency. So nobody is imposing a 0.3% fee on you.
There has also been plenty of notice and an extended period to sell instruments without a fee.
I accept that if you are currently in a negative position you may choose not to sell and wait until you are in profit. In this scenario you are loosing 0.15% of any profit.
Thatās not really playing devilās advocate at all krr13.
Because they explicitly sold ātrade foreign shares without feesā then added a fee, so saying āwell no one is making youā is not the counter argument.
3 Likes