Okay, when I look at my Trading 212 ISA the Portfolio is Ā£3500.
When I look at my monthly statement is shows closing balance of Ā£5500.
Can someone explain what the closing balance is and why is it much higher than my portfolio?
I understood that if I closed the account I would have Ā£3500. So what is the Ā£5500?
The figures are not accurate, just for example.
thanks!
R
Welcome to the Community 
The āClosing balanceā in the monthly statement represents your account balance on the monthās last trading day. The āPortfolioā in your account is the amount of equity you hold (in other words - your investments).
If you need further clarifications, send me a DM 
But could you answer to this question? I have the same doubt
"I understood that if I closed the account I would have Ā£3500. So what is the Ā£5500?ā
My portfolio shows an ammount X and my opening/closing balance a much higher ammount. If I go to my deposits tab it shows less ammount. Could you clarify this?
Example: portfolio 5000Ā£
Closing balance 8000Ā£
However, if I close my positions I would end with just 5000Ā£.
Your monthly statementās āEquityā field shows the value of your current portfolio and your free funds.
The difference between your portfolio value and opening balance is because of the result of your open positions. If you have a negative result, the portfolio will be less than the closing balance.
Iāll send you a DM with precise information about your account
Hi @Bogi.H
I have a related question. I got the Monthly statement for December this morning. I normally check āA/C Summaryā at the bottom of the email.
This month, the Equity row disappeared, instead showing āAccount valueā. The amount shown in Account value doesnāt make sense to me (more than I expected for Equity). Could you explain what changes were made this month?
I also note that the Account value shown on the monthly statement email is very different from what I see under āAccount Valueā on the 212 platform right now. (The statement was in this morning so shouldnāt differ so much.)
Sure, Iāll check and get back to you.
My opening and closing balances look incorrect on both the GIA and ISA.
Either that or Iām misunderstanding what they represent.
Account value looks correct. Note: I have no cash in my account. Should account value be the same figure as closing balance?
The opening balance shows the funds at the beginning of the month, and the closing balance represents the funds you have at the end of the month. The difference when comparing both fields is because of the fluctuation in the value of the assets.
I donāt think they are accurate then. The closing balance is significantly different to the āaccount valueā.
Should they be the same if I have no cash held in the account?
Iāve worked it out. The opening and closing balances relate to the amount Iāve āinvestedā, either from deposits or reinvested from dividends/closed positions.
To add a few more details:
The āOpening balanceā represents the accountās total balance on the first trading day of the month.
The āClosing balanceā is the accountās balance on the monthās last trading day.
Account balance = Net Transactions +/- Results + Dividends ā Equity Charges
Happy to be told Iām splitting hairs, but those donāt sound like accurate descriptions.
Opening balance wasnāt the āvalueā of my account on the first trading day of the month. It represents what I paid for it. What it was worth (i.e. its value) on that day is a totally different figure.
You have a point, and I edited my comment.
On a side note, the Accountās Portfolio = Balance +/- Result.