I have tried to transfer my ISA with Trading 212 to another provider and keep my Invest account open for trading. When trying to do so the process failed as it was established that the ISA with Trading 212 is a Cash ISA, not a Stocks and Shares ISA… Please may someone from Trading 212 confirm if this is correct? Cheers
Please may you help with this issue @David
I think you have been misinformed. There is an official list of ISA managers here
https://www.gov.uk/government/publications/list-of-authorised-isa-managers/isas-authorised-managers
Note SS as the type for Trading 212
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Is it that your new broker is expecting to receive the shares and not cash? You have to sell your positions and transfer in cash.
The document from the provider I am looking to transfer my S&S ISA to explained the following - “Unfortunately, Trading 212 UK have told us they cannot carry out the transfer because the account they have been asked to move is a cash ISA, not a stocks and shares ISA, as the application says. We would suggest that you contact them for more information.” If the account I have with Trading 212 is indeed an S&S ISA (which I have no reason to doubt), why couldn’t the transfer be made?