Thanks for clarifying the bank account matter. That part is already well documented on the website.
I was missing the Interactive Broker part and this is not clearly explained on the main website.
I think that the proof of stock ownership is still not clear.
This might not be a trading212 specific issue but an Interactive Broker, but I think it is worth having this info here…
For example, if I purchase a product from Amazon using my card, I get a statement from my bank that the transfer was made and an invoice from Amazon to confirm that I made the purchase.
This is some sort of proof that I made the purchase and a confirmation from the seller.
It is still no clear how I get this proof of stock ownership from trading121 or InteractiveBroker
For example, I purchase 10.000 Apple stocks from entity “Y”.
I guess that the purchase bank transaction with the actual money amount is recorded by Barclays.
But where is the proof from entity Y that they sold me 10.000 shares?
This is an interesting question. I guess that each stock sold should have a specific code / number to identify it (as prove that it’s unique) and that there should be a database to check if that stock really belong to you (indipendently by the broker you used to purchase it)…but this is only my common sense and probably this is not the way things really work in the real world