Is there a way to do a poll, where people can add things they think are missing, and vote yay/nay against what is already there?
That at least would show the appetite for things.
Myself I am a long term investor, so the 0.15% added to any foreign trade doesn’t really concern me much. I can see it impacting anyone who like to day trade, as it effectively adds a 0.3% extra headwind that wasn’t there before. But then people need to consider anyone day trading, puts more stress on the platform in terms of trade volumes, and there are no added fees to trades.
We have to trust they have thought it through and adding a 0.15% spread onto an FX is reasonable for whatever reason they have implemented this.
212 I think announced late 2020 that the Invest service is now sizeable enough that it is profitable on its own as is, yet we are all asking for additional features. These will not come without a cost to someone.
If 212 can generate revenue from stock lending - perhaps long term ‘hold’ type users should get the basic features of the platform for free.
I’m not sure if 212 can make revenue from Investment Trusts or ETFs, so I wouldn’t mind if they added say a 0.1% platform fee to this, capped at say £30 or some arbitrary level so that investors that grow sizeable positions remain on the platform.
I would also think it fair, anyone that uses the platform to day trade, maybe there could be a monthly platform fee, and they operate on a separate server of sorts, where you are paying for ‘speed’, without impacting the other users.
All this could be spent on improving the services on offer to all parties.
If at all possible, I would request:
In Specie transfers in/out - I dont like being out of the market, and its the one reason stopping me having a 212 ISA, or transferring my existing ISA to 212.
Auto Dividend Reinvestments at an account/stock level, and not just in Pies.
CSV trade data to segregate flows and cash movements at a pie level. This would make it easier to analyse strategy performance.
Unbalanced Pies - Ability to add cash and trade a specific stock, without having to fidget with pie ratios.
- Regular standing instructions to top up without fees.
None are top priority really, just all nice to haves.