Shops used to limit sales of food per customer and Iām sure their legal team are happy what they are doing meets the regulations. It is odd that the limit is on buys and sells, and 212 would have to be careful that the regulator does not see it as also manipulating the market by restricting trading quantities.
Financial institutions especially tax efficiency related ones, are tad-bit more regulated then grocers, but yes I believe they ācovered their backsā
I have been with T212 since the very beginning, and today I started shopping for another broker.
I struggle to understand why people are defending these limits but:
Ā£66 limit on Dominos pizza market sell order is a screaming red flag that something sketchy (most likely bordering legal) or enormous financial struggles behind the scenes. Using semi-technical jargon like āliquidity riskā etc does nothing to explain nor justify.
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@B.E why is the Dominoās Pizza order limit so low? This must be an error right?
Hey @Scrooge_McCodf, we reviewed this and increased the maximum quantities for DOM. The maximum open quantity is now 53 452 shares, while the maximum trading quantity is 10 690 shares.
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212 fixed it for you 
Did not really fix anything, just band aided one of the outliers. The previous number being āwrongā by a factor of 396X shows how arbitrary these shares and amounts are.
if I assert London to Boston is 5000 kilometres, this is an acceptable error depending on the context. If I were to claim London to Boston is 9 centimetres
a-) there is something terribly wrong with my knowledge/intelligence and or equipment
b-) I am being intentionally malicious.
I have worked in some brand name banks. Although not in risk management I have friends in those. My initial feeling about the below explanation is: ātotal BSā especially for selling an instrument without margin, leverage or any derivatives. But Iāll ask anyway 
edit: Iāll ask because I am honestly, genuinely curious about the motive behind such a move, and would love to learn.
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There is two Dominoās pizza lines right - a Polish and UK line? Perhaps their system for limiting tradable amounts needs some work to differentiate, itās new after all.
I donāt see the positive to it. Is it to help try and limit trading suspensions from retail dealing in small cap stocks, or have 212 considered that by limiting the size of trades we request for execution, is almost indirectly giving us investment advice, and also potentially directing(manipulating) the market. Surely it creates extra work for 212 as well. The limit per account is also weird. If I can buy 10 shares of company A on a GIA and ISA account, but donāt have a GIA, why canāt I buy 20 shares on ISA? I suspect this is where they have hit the limits of their operational capability to link both together.
I donāt think this impacts me or will given my choice of investments, but if it did, I would in all honesty likely leave. I do have multiple broker accounts for different purposes, but I make my own investment decisions. If one were to try and limit or direct where I invest, unless a valid regulatory restriction, I have the right to leave.
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Similarly (and like Iāve said too many times before) Iāve used almost all brokers in uk, being in the market for more than 2 decades. I still have my HL and II sips, but I have been using T212 for my isa for the last 5 years maxing the 20k limit. and it is rather painful to switch S&S isa mid-year.
This evening after this incident Iāve noticed iweb, removed their trading fees for non-gbp markets (they still have 1.5% fx fee) looked a bit more interesting. But for myself fixed fees are rather irrelevant compared percent ones.
and since T212 does not support in specie transfers, itāll cost Ā£3300K just for FX selling/buying for a Ā£200k portfolioā¦
I think there is US and UK dominos pizza, both are completely separate entities (not a relisting) not sure about the polish one.
Thatās fantastic, thankyou, refreshing that common sense is used in this day and age
Have a look at IBKRs ISA 0.002% / $2 - fx fee, in-specie planned for Q422.
I am also going to have to move due to the limitations imposed here, larger fx trades can work out a lot cheaper on IBKR vs T212.
I only use IWEB for AIM shares due to the high FX and limited selection on intl.
you cannot transfer to ibkr. neither cash nor in specie.
iāve checked them a month ago, there was a notice saying ātransafers are planned sometime in Q1 2022ā
They claim to allow it, might be worth contacting them again.
https://ibkr.info/article/4182
20. How do I transfer my stocks and shares ISA from my current ISA manager to IBUK?
NB. Currently only transfers in of cash from existing ISAs are supported. Transferring of open positions (in-specie transfers) will be available later in Q4 2022.
You will need to submit a transfer instruction to Interactive Brokers (via the transfer & pay funding page in Client Portal), and if, in IBUKās discretion IBUK decides to accept the transfer, IBUK will instruct your existing ISA manager to transfer your investments (where IBUK supports such investments) and/or cash into your IBUK Stocks and Shares ISA. Where IBUK does not support all your investments held at your existing ISA Manager, you can either liquidate these investments yourself prior to submitting your transfer instruction to IBUK via Client Portal (any cash proceeds of such liquidation will be transferred into your IBUK Stocks and Shares ISA) or you can instruct IBUK (as part of your transfer instruction via Client Portal) to do so on your behalf.
hmm interestingā¦
i just went to create account page now. (This is after logging in) attaching a screenshot. also copy pasting the yellow note in bottom, in case itās unreadable.
Note: Transfers of stock positions and/or cash from existing ISAs are not yet supported for our Stocks & Shares ISA. We expect to start supporting such transfers later in Q1 2022.
If you have contributed to another stocks and shares ISA during the current tax year, do not fund your IB Stocks & Shares ISA at this time as you can only contribute to one Stocks & Shares ISA per tax year.
I wonder if that message is now outdated given it references Q1. Definitely worth contacting them again to check as they do seem to now allow it.
What Iām keen to know is what happens to transferred stock.
I know in specie is a way off yet.
Letās say the limit for ABC stock is 100 shs. Of I hold 120 shs of ABC corp and ask for you to in specie transfer them from another provider to 212 what happens then?
Letās say also I have 100.50shs, what happens if fractionals donāt quite take me to one full share over, yet in theory the fraction is over the limit. What happens then?
Also this doesnāt apply to stocks held on or before 19/08/2022. So letās say I already hold 120 X ABC corp stock. As I held them on or before 19/08/2022, can I buy 100 more after that date making my total allowance 200 shs? Do exemptions of this kind exist?
ABC corp=fictional company for example purposes.
All 3 scenarios are for example purposes, but all are food for thought.
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āI donāt think this impacts me or will given my choice of investmentsā
But the big problem is that you wont necessarily know if there are any limits until you try a transaction and find you canāt do what you want. The published list is not comprehensive and does not seem to be updated regularly. There are a lot of āhiddenā limits
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Iād like all restrictions to be lifted, but Iād like to continue trading ALBA, PRE, GROC, IKA
Could you please as soon as you can increase the limit on max quantity of shares one can own of
KEFI GOLD AND COPPER PLC (ticker KEFI)
The current limit does not allow for a holding of 10k ā¬ even.
Thanks!
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I have a tiny position in this company, probably better starting another thread, but whatās your take on the company?
So I had a chat with t212, see the following response I got:
āIt is for your protection as an investor. If an abnormal volume is sent to the exchange for this specific stock, it can trigger an investigation by various liquidity providers.
Just like how various penny stocks were suspended by the exchanges last year.ā
Please letās have a healthy discussion. I am currently restricted by 4 different limits. I canāt average down and I canāt accumulate shares in a bear market. I am and always have been liquid, donāt use leverage and would like to handle my own risk. Letās say an order takes longer to fill, fine by me. But where lies the problem/risk suddenly. Just appreciate how long this list is and how many stocks are restricted!! I am very disappointed to say the least. My broker is not letting me buy shares with my own money at my own risk.
Can someone explain what " If an abnormal volume is sent to the exchange for this specific stock, it can trigger an investigation by various liquidity providers." even means?
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