Your reading comprehension and verbal literacy skills are way off on thisā¦ I didnāt know āpleaseā equated to an order, silly me I must have misunderstood pleading for commanding.
False. I would have quoted exec @ivan himself on this but his posts and profile appear to have been erased.
Anyway, Iāll chalk this one down to a misunderstanding. Well done Trading212, continue to democratise investing. Thank you.
First of all, congrats for all the work done. Itās a well deserved prize to Trading 212 and his great team!
Would be nice, to have a thread that aggregates all features on the T212 pipeline, so we donāt repeat ourselves asking the same things all the time and bother T212 team with the same old things. (Perhaps a pinned thread.)
It would improve the communication and get all the investors and Trading 212 more involved.
PS: I know that some details couldnāt be revealed, such as the ETA, or shouldnāt be revealed, as secrets are the soul of the business.
Yep, it was a good idea, but as you said, never got the well-deserved traction. A official centralized communication policy on some subjects will be a plus.
First thing to put on the Trading 212 Pipeline Features, creating a Trading 212 Pipeline Features Thread.
Congratulations @Tony.V and the rest of @Team212 on ISA & INVEST being profitable!
Can somebody (who actually knows) remind me how Trading 212 make money on ISA & INVEST? Iāve read a lot of speculation on the subject and I believed that it was subsidised by CFD.
I recall that @David said something about it being illegal to manipulate the spreads, at least on the ISA platform. I think ISA uses the ābase spreadā. If thatās true, then thatās not a profit source.
For ISA, I can only think of commission on exchange rates and/or bank interest on uninvested cash.
For INVEST, I know that they make money by lending our shares for the purposes of shorting. Could that be enough to cover both services?
Congratulations
I had 490 trades since March, 2020, the savings made are huge, not just commissions but fx charges as I mostly buy US stocks.
I know I should not have made those many trades. I havenāt yet calculated turnover to see how much I have saved on FX. Kudos to @Team212
If Iām in T212 marketing I push for adding a feature to enable sharing savings made over some period of time.
Had to be subsidised until share lending was introduced which I think pushed it over to profitable for the first time as this post says:
Share lending (Invest account only): lending the shares owned by the clients to people wanting to short the stock. Trading 212 earns a fee for lending out these shares.
Bank interest (Invest and possibly ISA): any cash in your account is held in a bank account which earns interest. Trading 212 keeps this interest which is pure profit.
I donāt think thereās any other means of monetising the accounts as I say. Spread is just the market spread, and thereās no other fees, other than deposit fees on most methods which is a cost cover rather than revenue generating. When a subscription account is added this will make them even more profitable.