Migrate EU customers from UK to EU entity

It’s usually the financial ombudsman, but I don’t think your case is eligible. I’d rather complain to Nigel Farage for Brexit!

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@RLX I posted above answer, 2 minutes after your question. But it got blocked till I messaged them asking why?

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Likewise and still under review

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I have tried to reply with a reference to ESMA but it was been blocked several times with the notification of need to be approved

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Hi @kali and @Caricp , certain words are automatically considered potential red flags, and the posts are put on hold until someone from T212 authorizes the publication. It’s due to internal policies of community provider (Discourse) and T212 (e.g. ethnics and behavioral standards).

Possible the word ā€œcomā€¦ā€ in your first paragraph triggered that. I know by past experience that other variants of that word triggered a T212 team review before publication

normally we had to get a special card from 212 !!!because we are long term clients! come on 212 gift us a special card :heart_hands: Like gold or mirror card :heart_hands:

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Although I can’t provide a specific timeline, we’re considering improvements to the 212 Card, including the potential introduction of World Elite and metal cards.

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This is not true for a foreign currency user. The OG customer accounts are largely useless if their currency is not EUR. Show me a bank that won’t charge a crazy fee for a Bulgarian Lev or Czech Crown deposit when the target bank account is located in the UK (like OG account creators). The lack of ability to move accounts London to local is pretty annoying since it should be possible as I remember either Wise or Revolut had a London based USD bank account for me and then gave me a US one at some point. For T212 it should be even easier to change since it’s not even a bank account belonging to me but is instead just a T212 account that I need to send money to with a reference code…just let me send money to a different account with the same reference code

Hey, I was reading around the community and stumbled upon these discussions.

While I see the card being the ā€œpain-pointā€ for some, I also saw some comments which are not really clarified:

If we are not registered with ā€œTrading 212 Markets Limitedā€, besides this card being unavailable, are there any tax issues/differences, share ownership, anything else to worry or take into about?

Is this somewhere explained, sorry if I couldn’t find it until now.
Thank you for your assistance and clarifications.

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Hello, are there any news regarding card availability for us EU residents registered in the UK entity?

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This is a feature that a lot of customers would like to be implemented.
Can Trading212 people tell the community if there is something new on this topic?
When will users registered with UK entity be able to use the T212 card?

This functionality is a big plus for Trading212 platform and a lot of people wanted it for a long time. Now, some can use it, but some can’t.
What’s worse, a lot of loyal customers actually can’t get it while some short-term customers can.

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Unfortunately, there are no updates as of now. I’ll update the thread as soon as we can share something specific.

Something new? @KrisG

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There aren’t any updates at the moment.

any updates? @Bogi.H

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This is not among our priorities right now, as we are focused on other important tasks and this one would require substantial development resources. We hope to be able to pick it up soon, though!

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Alright for me the wait is over, I stopped my auto invest of 2500€ monthly and now transferring my assets to IBKR.

I will then close my account and and reopen a T212 account with the German entity so I can benefit from the automatic tax management and a higher Cashback rate (2%) compared to the 0.5% offered to the OG (5+ years) members of T212 from the UK entity.

I’m officially Brexiting (exiting UK) and Europeaning (joining the local EU entity). :slight_smile:

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With around 500 positions to sell in different currencies it would be a big draw off to close and reopen. Als using the API to track performance. I hopen the feature will be implemented soon, a manual migration path will be offered (by staff) or some sort of compensation will be created for the people that have to face the costs for closing and reopening themselves.
I would love to be able to request the T212 card though and tax reporting is still tough as well.

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I suggest you move out the assets and then open a new account with T212 in EU. You will avoid selling your holdings.

IBKR is a very reliable and free broker (no fee to hold and transfer) with decades of history. Once you park your assets there, you can move your assets back to T212 EU when they finally enable Portfolio Transfers for EU entities (I don’t think it will take too long, but T212 can just drag it on like the LISA/SIPP and Options topic, but unlikely because the app already shows Portfolio Transfers coming soon), you can then transfer back to T212.

In the meanwhile you can continue investing in your new T212 EU account..

This is how I will be doing it..

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Hello, are there any news regarding card availability for us EU residents registered in the UK entity?

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