Your friend can Invest in the meantime and then sell and transfer later.
I donât get all these people waiting for an account with a broker and not using their own in the meantime, I get if you didnât have a broker at all. Especially with brokers like Freetrade where fees are really low.
And before someone says âyes but then selling in profit means paying taxesâ, better pay taxes on a profit than pay no taxes on no gains. Every $ earned is a step closer to financial freedom.
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Any update on when 212 will be accepting new users again? It has been a few months and as an existing user I can see improvements, am starting to get slightly concerned on the longer term stability of the platform with no new users allowed to sign up.
I have had a few people ask me my thoughts on 212, but theyâve now gone elsewhere so that is business lost in a sense.
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Guys , you really need to fix the problems with your web before you getting new accounts opening!
Hi
What I learned is that prices on this web are always higher than the actual prices on market, I checked it
Also the speed of streaming is very low as itâs impossible to buy or sell for the price you want so never had an idea on what you actually buying or selling for as often itâs coming up with different amounts
Putting some orders takes so long as after the order was accepted you ll find out that you paid more than you expected
And finally, the prices showed you own are different to the prices showing by clicking the SELL button and itâs so annoying! as if I would knew it before , I would not miss to sell at a small lost but I didnât sell because it been showing much higher lost and I decided to wait - guessing it will takes very long now to get at least my money back
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Sounds like youâre looking at low liquidity stocks with big spreads to meâŚ
Go do some reading
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Perhaps, new users should do some financial literacy questionnaire (similar to MiFID II) to allow them to invest.
With several levels of difficulty, until they pass that, should be unable to invest in some complex instruments (e.g. penny stocks, leveraged/short ETFs/ETCs/ETNs, CFDs, iliquid stocks).
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Not true, buy and sell prices on Invest and ISA are the same as the exchange prices
Thatâs how market orders are, there is no guarantee of the execution price, you need to use Limit orders.
The SELL price is clearly displayed for each instrument.
Finally, I think you do not really understand how trading in shares and stocks work, there are plenty of online and written material to help you.
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Perhaps, new users should do some financial literacy questionnaire (similar to MiFID II) to allow them to invest.
With several levels of difficulty, until they pass that, should be unable to invest in some complex instruments
Very good idea!
Would also be interesting to know what stocks mp555 has been buying that are âslowâ, with some actual details so we could independently verify and help educate them if itâs actually because they are buying some more illiquid type stocks, perhaps ones suggested on Reddit or a site like that.
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Perhaps, new users should do some financial literacy questionnaire (similar to MiFID II) to allow them to invest.
I signed up for a Degiro account recently and they have individual tests for everything⌠Equity options, index options, ETFs, OEICs, REITs. I think itâs a great system since it I learned a lot just by taking the tests. Itâs probably a decent amount of effort to put it together but a couple of slides and then multiple choice questions at the end could pre-answer a lot of the forum questions!
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Please can we have an update. Iâm again asked by my friends about this. Also, to be honest, Iâm starting to agree with some of the others in this thread that this is becoming worrying now. Please can we have a direct answer, and not a generic weâre update you when ready one. Cheers guys.
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I am afraid we have no estimated time at the moment or any updates on the topic either. However, we are actively working towards reopening registrations for new customers.
Will keep you posted. Once again, thanks for the patience!
Also, make sure to check our article dedicated to the topic for the most recent updates.
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Thanks for getting back to me. Hopefully, all will return to normal soon.
Just referred a mate and heâs been added to the waiting list. Is this still ongoing from the fallout of the gamestock short squeeze shenanigans? Also how long have people been waiting before getting an account roughly?
If you have a search youâll find a related thread and be able to answer your own question.
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One of my friends has been waiting 4 months now
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Any news just yet? I do worry that the radio silence is making it appear that something is wrong. Surly, there must be a time line set out. Cheers
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Any update on new accounts ? Waiting for verification in 4 months already!
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Over a month since the last update⌠surely T212 can atleast provide a timeline??
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They were profitable without new business and took on far more then they expected last year. Theyâve introduced a new fee and reduced marketing and acquisition costs.
Itâs basic business really. In fact, why canât you see it it?
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Yeah, while the pause is a little concerning, in some ways it gives me more confidence in T212, which has had chance to address capacity issues, introduce processes for voting and so on.
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And this way T212 avoided the meme investors with little financial literacy, that follow the social buzz, and invest in iliquid OTC and penny stocks, and meme stocks, that after they crash or if the regulators suspended their negotiation, some call it market manipulation.
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