Could someone please tell me why BABA is isa eligible but NIO etc are not? Is it to do with the state of incorporation? Freetrade lists it as ineligible.
Thank You
Could someone please tell me why BABA is isa eligible but NIO etc are not? Is it to do with the state of incorporation? Freetrade lists it as ineligible.
Thank You
@wait Because T212 have A LOT of ISA eligibility errors despite the correction of 90 Stocks last week - including NIO.
Why? Specifically? ā¦ itās because they mistakenly āthinkā the underlying parent of the BABA ADR is listed (fully/legally listed) in HK. Itās not.
Thereās a lot more.
ISA eligibility is a constantly moving and complex target.
FinKi has an API for that!!!
Just sayin!
Get in touch. Hello@finki.io. I can analyse your entire stock universe for ISA eligibility quickly. Or take the FinKi ISA feed. Up to you.! Always under a Non Disclosure Agreement too.
T212 needs to show @Finki the money!
Itās not expensive @topher
I meanā¦ just think how many errors and PR nightmares you open yourself up to as a broker as you expand your universe. Thousands of stocks becoming eligible or ineligible on an unquantifiable timeframe across worldwide markets. How do you monitor that? You donāt. You source a service that does it for you. Then HMRC issue an update that says, for example, new VCT purchases are fine in an isa but existing VCTs canāt be moved over ā¦, or cash like ETFs werenāt ok but now are okā¦ Do you want to deal with this in house? Or just subscribe to a service that does it for you? Or, like some others, pay for ad-hoc reviews? The choice is yours.
Is the BABA ADR is listed in the Cayman Islands? This seems like a massive miss especially given that trading212 just removed 90 shares that were not isa eligible
Itās āincorporatedā in the Caymansā¦ essentially just a tax thingā¦ not an absolute driver of isa eligibility. Eligibility is complex and a lot of brokers get it āwrongā