āDividends paid in a foreign currency are automatically converted into your primary currency at the live interbank FX rate. No FX fee is applied to dividend currency conversions.ā
This is the part it doesnāt make sense to me. If dividends are paid in $ for example, their are converted into Ā£(at the bank FX rate), then if you want to buy some more $ stocks, you pay FX fee to T212 to convert Ā£ into $ again. Is there any reason why $ dividends cannot remain in $(as this will be a multi currencies account) and use the $ dividends to buy $ stocks?
Could the waitlist not show our position in the queue? Then we could vaguely work out when itās going to be available to us? Because right now thereās no idea if weāre talking days, weeks, monthsā¦
I totally understand not wanting to overwhelm workload but equally adding clarity for customers should be important too.
Is there anyway of finding out position on waiting list? As I asked trading212 chatbot about this back in 9th April, and still am unclear if/when access may be granted? Thanks
Bid/Ask spreads are always changing.. the difference that you see on HL and T212 is not the same thing.
T212 doesnāt show the bid or the ask, I believe it either shows the last price or the Ask, on HL it could be the other way around.
Only thing that matters is execution price, and you can rest assured that only CFDs have an inflated spread by design, other products canāt be artificially adjusted.
For small cap illiquid stocks, also there the broker is not inflating the spread, itās whatās out there.
If your theory was right, that one broker is better in terms of spreads than the other, thatās an arbitrage situation and if you know markets, it will be very quickly exploited and there will be money made until mean reversion.
I see this. But as T212 doesnāt show you the price you are paying, you donāt really know what you pay until you actually buy it. Unless you do not buy with a limit price, you can get a better or worse price than you planned. Brokers like HL, AJ Bell shows you exactly what are you paying when you press the buy button.
From here, the āmythā spreads are higher on T212. When you look on the quote it shows you one price, once you press the buy button is a different one(again, unless if you donāt use limit buy)
Yeah thatās because 212 backtracked and show last traded rather than the bid/ask spread. That is worse and not the best indicator for the current market spread.
Agree with the small caps, DMA is not great for the user and paying a Ā£10.95 fee or whatever it is on HL or another more established broker can often get you a better deal.
That said, they donāt inflate the spread like you suggested, that is illegal.
I have been in the waiting list since more than a month ago. I do not check my email attached to my T212 account regularly. If you are invited to register could you see that directly on the apps or they will send an email.
Also I wonder with T212 SIIP could you also do stock trading like the one in ISA ? or only for fund, ETF ??
Iām currently with Vanguard (who run their SIPP fully in-house) and Iām considering transferring to your SIPP. I understand the pension wrapper is operated by Platform One Limited on a white-label basis (after they acquired the book from Gaudi Regulated Services, which went into administration in 2023).
Are there any additional risks with this setup (e.g. counterparty, operational, or custody) compared to fully in-house providers like Vanguard? How does FSCS protection work across Trading 212 and Platform One? Also, with the low/zero fees advertised, how do both companies generate revenue in this arrangement?
Still on the waiting list, lost track of how long. I opened a interactive investor sipp while I wait and may transfer it across, if I ever get off the waiting list.
Iāve been waiting well over a month.