As tomorrow is a working day, hopefully T212 can comment further on it.
Generic answers only give rise to speculation. Some of this might be plausible, and some maybe not so plausible.
The only way to stop the train of speculation in its tracks is for comment from appropriate parties
Iām keen for an update.
This is where limits make no sense.
This is effectively an illiquid stock but limiting to Ā£50-60 is pointless, hardly likely to get matched and wonāt help make the market more liquid.
I would say at a minimum the upper trading value should be 500 EUR/GBP/USD at a minimum.
Hi. Some clarifications:
Why do some stocks have very low limits, e.g. $50?
This is only for highly illiquid stocks with daily average traded volumes of a few hundred dollars that sometimes go multiple days without trading. For example, accumulating a $5,000 position in a stock with a daily average traded volume of $50 does pose a risk to the investor, as there might be delays or issues with unwinding such a position.
Large companies are limited to $1,250,000. What if I want to invest more?
Limits for large companies will likely be reviewed & revised regularly to accommodate even larger order & position sizes. You can contact us directly to request a review of the limit.
Are limits revised or reviewed, and can we request specific tickers to be re-evaluated?
Yes, limits will be regularly reviewed & revised. If a particular stock limit is highly requested for review, we will do our best to accommodate.
Why do you have limits and other brokers donāt?
Other brokers will likely have their risk policies to place limits on order and position sizes. You may have to speak to them to find out more.
Hi David, will this affect selling positions that have high volume on the day of selling?
From a non-UK investor not knowing the FCA policies, your answer seems related to investor-risk profile, something similar to EU MiFID 2. Like T212 Compliance department is covering potential liabilities.
Maybe an investor-risk profile assessment for each investor (with investors acknowledging the risk when they place an order outside their risk profile) will protect T212 against possible litigation and regulation breaches, when in the future some āinvestmentsā in high speculative and/or iliquid instruments go sour, and the T212 customers want to go to the regulator saying that they didnāt know the risks associated with their investments.
Perhaps creating Investors risk tiers, with some instruments blocked according to the investors risk profile.
Does this not mean 212 is taking the choice away from the investor?
The investor should perform their own research and be comfortable with the risks of what they are buying in to. You are almost giving indirect investment advice not to buy more than $50 a go. What if I wanted to buy $500 of a low liquidity stock, and users out there on Broker B have outstanding orders to sell $200(order 1) and $400(order 2). You are restricting liquidity improving in the market by limiting my trade size to such a small amount. Users will look elsewhere.
What would be useful in the app, is to have a notice instead that the average / minimum daily trading volume is x, so it may take y time or more to fully execute a buy(and do you wish to proceed), or the no. of days or more to fully sell your current position.
At the same time, I canāt count the number of posts Iāve seen on these forums of āwhy my xxx super illiquid stock order doesnāt go throughā āouin ouin T212 denies me to buy/sell for weeksā
Agreed! While itās not the āhill Iām willing to die onā, not even close. It does come across a little ānanny stateā.
Just a casual obsevation.
I do not agree. In that case - why not let investors trade CFDs with 1:500 leverage? Itās their own decision, their own money.
I guess this topic will always be controversial, the lines are thin.
I guess the counter argument to that would be CFDs leverage are regulated in Europe, whilst share ownership isnāt 
@David i donāt see this question being clarified in your latest responseā¦
@Zrtz Itās per account. So in your example, if you hit the limits on the ISA account, you can continue buying on the Invest account.
I thought T212 was supposed to be an execution-only platform and not an advisory broker?
@David what happens if you exceed the maximum share limit via a stock split? Would you be forced to sell or restricted from purchasing anymore.
@Unbuyable The limits will be adjusted to reflect the stock split.
These limits donāt trigger force selling, theyāre just a restriction on the ability to purchase more.
Even if you hold 50 million shares but the limit is 50, you wonāt be forced to sell.
True but introducing this cap does not make a stock suddenly liquid either. What was lacking is information/education, everyone, me included, is on a journey and thatās fine by me personally
Is never a good thing for a broker to say imo.
I was wondering if somebody from T212 can recommend some other company to invest since the ones I want to add more is not possible ?
It was enough you find very hard to buy PHE, now here is been capped.Do we have to invest just in the ones you want, or how does it works?
I would like to manage my self the risk
I agree with you, I am in a similar position with other stocks, there is a thread already dedicated to this, I suggest you post there. Itās called āreduction in t212 quantitiesā or something
I am currently looking into Interactive Brokers