I saw posts about this in 2020 with a clear lack of interest in the subject response from Trading212, and last saw it spoken about in 2021 on here, which very disheartening as we have been seeing our US counterparts using these tools on zero commission “new-school” trading platforms for years now. I am posting this in hopes that Trading212 as a platform can understand just how beneficial options can be to all (or at least most) users.
Trading212 is a legitimately good stock trading and investing platform, it’s ease of use for newcomers and more experienced investors is it’s strength. In the ISA section of the platform I have thousands of pounds tied up in really good, solid stocks and ETFs that offer quarterly dividends, I’ve been growing my portfolio since 2020 and have been seeing pretty good returns so far, because of this I’ve been thinking of adding substantial funds to these long term investments.
However I am very hesitant to add more money to this account as I believe this platform is missing a very key feature that investors can use, this feature is Options.
The ability for me to sell covered calls or cash secured puts on investments that I am in long term would add so much more to your platform.
The way youtubers such as “Investing Sensei” combine their investments with options strategies adds an extra dimension to investing that can be extremely beneficial to the correct wielder.
I’m not going to go ahead and say that options are safe, however using them intelligently in conjunction with long term share investments can reduce a significant amount of potential risk, at least if you compare it to Trading212’s CFD section.
The CFD section is pretty bad/basically useless imo and does not even slightly cover the amount of depth and strategy that options trading can offer for investors. The CFD system you guys currently have implemented on your platform is essentially a gambling section imo, this is because you’ve just made options trading 10x easier by only having buy and sell orders, similar to how crypto derivatives trading works, CFDs are trading, not investing, way more dangerous than what options are.
Learn from the mistakes of RobinHood and only allow cash covered options, no stupid margin/borrowed credit or whatever that will ruin lives.
From what I understand Webull are doing it the right way atm, they offer the ability to combine share investments with options strategies which is ideal, and Trading212 has the prime ability to be the Webull of the UK.
There’s next to no competition in the UK for options trading, Plus500 is a scam, idk much about IG and AvaTrade, TastyTrades are popular and good for options but since they are US based they charge obscene fees for non-US people to cash in and cash out funds from their bank. You guys have such a massive opportunity to implement this on your platform as one of the first in the UK, and because of your reputation as a good and popular stock trading platform already, options would work great with the userbase.
Please, I implore you to not sleep on this. Remove the CFDs section and replace it with options that can combine with the “invest” shares section of the platform.
I want to have most of my money/investments in one place as I’m not planning on investing a huge amount of my total wealth in stocks, which means that if I want to options trade correctly, a significant portion of these funds would have to go somewhere that facilitates options trading.
I really don’t want to have to go somewhere else for this, but I will. I know this sounds hostile but this is the reality of what a lot of investors like myself have to do to get the most out of the investments/money we have. You guys are losing out on a lot of money here and it’s a real shame.
That’s my two cents anyway. Sorry for the tangent, see you later and good luck!