I was wondering if someone could assist or advise if they are having similar issues.
In short, the Trading 212 prices offered for the sale of the shares seems to be entirely at odds with what the correct price should be. To anticipate any suggestion that this is down to exchanges rates, I think there is a little more to it than that.
Last week I made a decent return and since then there have been an issue with the prices and for whatever reason my app has slowed down considerably. Please note that I am using an iPhone 11, and have been using 4g, my own wifi and/or my works wifi.
In terms of the fluctuating prices, I bought 89 shares in Tortoise Acquisitions at $50.53 per share:
- At $50.96 per share the sale price was -£17.43
- At $50.84 per share the sale prices was -£5.12
This is completely backwards, further:
- At $50.86 per share the sale price was -£9.05
- At $50.70 per share the sale price was -£8.37
- At $50.65 per share the sale price was -£4.67
- At $50.77 per share the sale price was -£4.58
- At $50.85 per share the sale price was +£1.61
In theory, I should have been in profit for any one of the above cited figures as it was above the purchase position. I accept that there will be differences for currency rates etc, but you will note that the above figures were provided in the space of 2-3 minutes, and there was a difference of almost -£20.00.
I have traded this stock multiple times a week or so ago. There have never been issues until (I dare say it) I saw a decent return in a short space of time.
I don’t sit at home with a tin foil hat on but there are significant lagging with my app.
Please be advised that this is one example.
This has also occurred when I purchased on TT Electronics on the London Stock Exchange GBP to GBP.
I purchased 1,200 shares at p261.00.
At p269.40 I would have thought I would have seen an increase in the value but the sale price was -£24.60.
There is zero consistency.
As advised, the app is getting slower and the time to place orders is taking considerably longer. As set out above, there should not be issue with connectivity etc.
I have yet to write directly to 212, and I am suspecting something generic response about currency rates etc. I really don’t think that that is the issue at all. I have lost a considerable amount of money because of this.
Any thoughts would be much appreciated.