Yes it does make sense but they could have just put some symbolic fee(like 10Ā£ for position) so they donāt get flooded with people trying to move their 2 shares of gme and amc
Terrible idea. Brokers including T212 want their customers to consolidate all their positions with them and hence donāt charge transfer in fees.
Putting a fee on incoming holdings when other firms donāt will mean customers moving to other brokers.
Best to let T212 roll out (free) portfolio transfers at their own speed - both for them and their customers
1 Like
Thatās a question for in-specie transfers that Trading 212 have neither confirmed or denied. I suppose youāll have to wait till June to find out. ( Assuming there isnāt a further delay )
There are SO many requests for IBKR to be supported. @Moderator and @Staff, I think itās only fair you provide a response. Can we expect support soon? Is it being worked on? Is it on a T212 side or IBKR side? We deserve an explanation and not just radio silence.
1 Like
Why do we deserve an explanation that they are not yet offering something they have never offered before? 
Looking forward to 100% rollout and the potential addition of extra brokers added to the transfer list so I can then consider moving positions without cashing out.
Keep adding new services / features with competitive fees 
1 Like
Trading 212 is overwhelmed with transfer-in requests - the numbers are staggering. Itās in our best interest to process them as quickly as possible, so weāve dedicated substantial resources to the task.
However, portfolio transfers are a tedious, manual process that sometimes involves extensive back-and-forth communication between the two brokers and the client.
Thatās why weāre rolling it out more slowly than we initially planned.
7 Likes
We donāt plan to support portfolio transfers with IBKR in the near future. Weāll let you know if that changes, and we have an ETA.
Hello, what about XTB? Will you support transfer to XTB? Thank you.
Probably best to double hop at this point. I canāt see it being high priority because it will all be outflows for 212, canāt see many transferring in from ibkr.
They will add it at some point they just have too much on their hands right now we are still at 40% rollout and it hasnāt moved in a month which I believe will make em rollout the date again. They will do it all just not sure when
This means even with 100% rollout it wonāt be possible to transfer from and to IBKR?
1 Like
Few mentions of transfers from Fineco comes up in any threads I have searched on. This is about the only post I thought worth following. I was hoping to read more who have/had the same problem, time is ticking and a daunting excercise. Have you had any update on this?
That actually sounds encouraging for users here, even though a task for admin. I have tried a few other platforms, this T212 appears to come across a lot higher in my viewpoint.
The rollout hasnāt moved a single percentage point since end of march
1 Like
Mine is taking a long time. Over HMRCās 30 days guidance as I write.
It looks as though T212 contacted the current provider straight away but they havenāt acted on it. Iāve had to give them the hurry up and details from T212. Hopefully it now picks up pace.
The one disappointment from T212 perspective is that it hadnāt been chased up before I contacted them (34th working day). Hopefully T212 will be more proactive in getting this over the line now.
Terrible news, and not a good look.
1 Like
Are you able to provide context on why there are no plans to support IBKR please?
3 Likes
They will eventually someday, they are having issues rolling it out for everyone. Apparently they use the transfers as soon as they are given access to it and the team is struggling to keep up with all the demand as it is a manual process, the percentage indicator hasnāt moved in over a month and I think they will have to change the date again
Iām keen to hear the answer from T212 on why no to IBKR. You might be right, but for now it is speculation.
4 Likes
You would think IBKR would be the first supported broker. Since everything is already kept there anyway.
2 Likes