So basically what 212 are implying is that itās neither your risk as the holder nor theirs. This is an additional counterparty risk theyāre trying to protect people from, theyāre trying to protect you from the irrational behaviour of other holders of the stock and the consequences of their actions.
For example: should 5 people hold a huge amount of a penny stock on 212. 3 of them decide to sell in one day. The regulator spots that Trading 212 has dumped a large part of a small company stock, this triggers an investigation into the sales (the dump if you will) and a lockdown on trading for the stock.
Whilst this is going on members 4 & 5 who are still holding are completely locked out of buying an selling - potentially for 30+ days whilst the regulator completes their appraisal.
So basically we can only hope as market conditions improve and - 5 big holders become 10 or 20 letās say- then the quantity of shares one can own will be increased.
But isnāt a recession/bear market exactly the time to invest? This restriction really limits oneās ability. Other brokers eg. ii do not have that limitation. So basically my only way to work around that is to sign up at competitor and buy more shares?
Whilst this is true, letās not pretend thereās limits on everything. The vast majority of the listing restrictions are on OTC stocks, secondary listings, ADRs and so on. In a bear market you should focus on getting quality at a fair price, not the crap stuff thatās cheap for a reason.
Has the list been completely updated? It only contains stocks listed on the London Stock Exchange now, so companies like Tesla, Apple and other large cap companies are no longer on there anymore. Also the max position size in $ for some stocks has increased to $5m.
So was all the worry, concern and disapointment due to an incorrect list being sent out?
As these are now only UK listings can we have the max order and position size in GBP rather than USD especially as there doesnāt appear to be any indication of the ROE.
I would also echo the request to increase the limits on Kefi
Is the list supposed to represent the instruments that have restrictions?
Iāve noticed that an instrument I own was on the list, but no longer is but I cannot buy more shares and get the same message as before. āThe maximum remaining quantity for long positionsā¦ā
Can someone on Team Trading 212 please confirm? Thanks.
The list seems to have disappeared and been replaced with a new screen that shows the max order amount but does not show the restriction on holding amount. Could you provide a link to the full list as I used to download this and use it to link to my holdings, searching through individually only to find it does not give all the info needed is a pain!
Can we increase quantity for ZENV. Its avg. trading volume is around 175k with recently over 500k in volume and I cant buy more sharesā¦ because max quantity is 0ā¦
Thank you
Ps. Definately not happy with the new changes, its totally understandable you have to manage risk but restricting the actions of your customers is not the way to goā¦
@drknmstr, weāve increased the maximum quantities for Zenvia (ZENV). The maximum order quantity is now 2000 shares, while the maximum position size is 10 000 shares.
The list in our Help Centre has been removed, and you can find the latest information here, @onetimeengineer. Also, you can check each instrumentās specifics from within the app.
It could be that heās looking to automate the download, itās simple enough to do if you know how to do it even without the download and you scrape the page.
EDIT: Of course Iām assuming that Trading 212 automate the generation of the data.
