Is this limit on CFD trading a long term strategy or only temporary?
When I first noticed it I was in response to extraneous market conditions but it seems itās still in effect months later?
The maximum longs for SQ has been 0 for example for a long time now.
3 Likes
Do you have enough funds in our CFD account? If you donāt have enough funds to go long for quantity 1 then it looks clear to me. I can enter a quantity.
Restrictions have been added unfortunately, not lifted. Itās very frustrating.
CFD allows the quantity to be added, however when you try to execute the order its denied. Staff posted a list of stocks prevented from Long positions 9 days ago and SQ was included (please see below).
If you are able to execute the order iām unsure if this is due to locations of customers.
| ISIN | Full Name |
|---|---|
| AU000000TLS2 | Telstra |
| CA05156X8843 | Aurora Cannabis 
|
| CA05156X8843 | Aurora Cannabis 
|
| CA05156X8843 | Aurora Cannabis 
|
| CA0585861085 | Ballard Power Systems |
| CA82509L1076 | Shopify |
| DE0007472060 | Wirecard |
| DE000BAY0017 | Bayer |
| ES0177542018 | IAG |
| GB0001500809 | Tullow Oil |
| GB0006215205 | National Express |
| GB0007980591 | BP PLC |
| GB0008706128 | Lloyds |
| GB0008847096 | Tesco |
| GB0009895292 | AstraZeneca |
| GB0030913577 | BritishTelecom |
| GB0031215220 | Carnival |
| GB00B03MLX29 | Shell |
| GB00B15FWH70 | Cineworld Group |
| GB00B1FW5029 | Hochschild Mining |
| GB00B1KJJ408 | Whitbread |
| GB00B3MBS747 | Ocado Group |
| GB00B63H8491 | Rolls-Royce |
| GB00B7KR2P84 | easyJet |
| GB00BD3VDH82 | VivoPower International |
| GB00BD6GN030 | Virgin Money |
| GB00BMX64W89 | Saga |
| GB00BN7CG237 | Aston Martin |
| JE00B5TT1872 | Centamin |
| JE00BG6L7297 | boohoo |
| KYG5223X1007 | Kaixin Auto |
| KYG6463T1067 | Newborn Acquisition |
| KYG875721634 | Tencent Holdings Ltd |
| KYG8990D1253 | TPG Pace Beneficial Finance |
| KYG9830T1067 | Xiaomi Corp |
| LR0008862868 | Royal Caribbean Cruises |
| NL0012969182 | Adyen NV |
| US0038301067 | Abraxas Petroleum |
| US00507V1098 | Activision Blizzard |
| US0079031078 | AMD |
| US01609W1027 | Alibaba |
| US02079K1079 | Alphabet |
| US0231351067 | Amazon |
| US02376R1023 | American Airlines |
| US0378331005 | Apple |
| US04351G1013 | Ascena Retail |
| US0865161014 | Best Buy Co. |
| US08862E1091 | Beyond Meat |
| US09058V1035 | BioCryst Pharmaceuticals |
| US09062X1037 | Biogen |
| US09075V1026 | BioNTech |
| US09354A1007 | Blink Charging |
| US0970231058 | Boeing |
| US1248301004 | CBL & Associates |
| US12559C1036 | CIIG |
| US18978W1099 | CM Life Sciences |
| US19188J3005 | Cocrystal Pharma |
| US1920101060 | Codiak Biosciences |
| US2473617023 | Delta Air Lines |
| US25400W1027 | Digital Turbine |
| US2546871060 | Disney |
| US2561631068 | DocuSign |
| US25809K1051 | DoorDash |
| US30303M1027 | |
| US31188V1008 | Fastly |
| US33813J1060 | Fisker |
| US3443281098 | Foley Trasimene Acquisition |
| US35952H6018 | FuelCell Energy |
| US35953D1046 | fuboTV |
| US36467W1099 | GameStop |
| US3647601083 | Gap |
| US3696041033 | General Electric |
| US37519D1072 | GigCapital3 |
| US38268T1034 | GoPro |
| US42806J1060 | Hertz |
| US4491091074 | Hyliion Holdings |
| US45166V1061 | Ideanomics |
| US51476X1054 | Landcadia Holdings II |
| US5393192027 | Lixte Biotechnology |
| US54951L1098 | Luckin Coffee |
| US5801351017 | McDonalds |
| US5949181045 | Microsoft |
| US60770K1079 | Moderna |
| US62914V1061 | NIO Inc |
| US64110L1061 | Netflix |
| US67066G1040 | Nvidia |
| US6742151086 | Oasis Petroleum |
| US69608A1088 | Palantir |
| US70450Y1038 | PayPal |
| US70614W1009 | Peloton Interactive |
| US7081601061 | J.C. Penney |
| US7170811035 | Pfizer |
| US72919P2020 | Plug Power |
| US74347X8314 | ProShares UltraPro QQQ |
| US7475251036 | Qualcomm |
| US75886F1075 | Regeneron Pharmaceuticals |
| US77543R1023 | Roku Inc |
| US79466L3024 | Salesforce |
| US83088V1026 | Slack |
| US8334451098 | Snowflake |
| US8522341036 | Square |
| US85254C3051 | Stage Stores |
| US87105M1027 | Switchback Energy Acquisition |
| US87663X1028 | Tattooed Chef |
| US88160R1014 | Tesla |
| US91332U1016 | Unity Software |
| US92766K1060 | Virgin Galactic |
| US98138J2069 | Workhorse |
| US98422D1054 | XPeng |
| US98954M2008 | Zillow |
| US98980L1017 | Zoom |
HUYA is also included above.
1 Like
If Wirecard is on that list then that means too many people are long on Wirecardā¦ Wtf? Who are these people?
Interesting to see Luckin Coffee and Hertz on that list too. Name and shame these people.
Thanks for the list thatās helpful, have they given a timeframe or is this permanent?
Defeats the point of listing or pretending to offer them really, Iād moved over from eToro for a greater range of assets but it feels like thereās an ever growing āno tradeā list
Fools and their money,
But why even list the asset? It shouldnāt be for 212 to say if itās a poor trading choice
Itās not so much to do with a poor trading choice (although it really is!!). Itās T212 practicing risk management for their own finances as too many people were making cash off certain assets. Which is fair enough from a business perspective, but for us customers, it renders the CFD platform unusable IMO.
Agreed itās not practical to plan a trade, entry, stop and TP only to find itās unavailable.
You get what you pay for I suppose (ignoring spreads obviously)
1 Like
The opposite of you get what you pay for! We are paying a lot but gettint a little 
1 Like
Ugh just tried to place a long on AAPL and got knocked back.
There are some pretty low volatility stocks on that listā¦
Youāre right itās commission free but the spreads make it deceptively expensive - now weāre also blocked placing long trades that in their eyes have a high probability of generating a return -
Sorry 212 but this is unworkable.
Itās not me, itās you.
4 Likes
All very true! The overnight holding fees add up as well.
I wouldnāt mind paying for a premium service with a monthly fee to t212 if it meant I had access to 1:5 leverage again without restraint and the interest and spreads back the way they were a few weeks ago. It could be a way to keep the customers happy and the business secure.
1 Like
I didnāt mind the holdings and spreads because you know what you are paying for and can factor that in - the random disabling of assets I canāt work with.
If they U-turned on this Iād happily stay.
eToro still give me 5:1 and reliability so although their platform looks like it was designed in the 90s, Iāve just started selling positions to move over.
Have a happy new year by the way!
1 Like
Good to know about eToro.
Yeah likewise, itās the random disabling and changes that bug me!
Happy new year also.