Thanks, Iāve concern when you restrictions on oct stocks that not in debt and making revenue such as iqst,SurgePays Inc ,global battery metals now im losing money. Because 212 ,also im see alot users wanting to leave 212 concering this myself because looking forumās of trading 212 you donāt respond to your customers and it shows lack of loyalty.
Other brokers arenāt doing . As customers we are even when change terms and conditions add more fees , gme manipulated by hedge funds short selling Synthetic shares no ones restricting them why ? Because their billionaire and we just retail investor its bit contradictory, we arenāt stupid.
You know what wouldāve been great @Team212, a notice prior to each stock restrictions. 48hrs notice would be nice. After that you can do all you want to that stock.
I blame myself for believing in you guys, Iāve learned my lesson, not from investing in OTC(Iām happy with the risk), but for investing in you guys to handle the OTC.
@Team212 Can we please get an update from you guys?
I personally have 6 instruments in my portfolio that are restricted. I donāt know what is going on behind the scenes and Iām not going to speculate either, but if you guys need to restrict the stocks, thatās fair enough.
Howeverā¦ we are your customers and itās clear reading back on this thread that we donāt really understand the explanations you have given us to date as to why these stocks are restricted. If your customers need more clarity, why are you not providing the clarity needed?
The fact that these stocks can be traded on other broker platforms isnāt helping your customers have faith in what youāre saying. If your customers are losing faith, that leads to losing trust and thatās contrary to customer service 101.
I work in the technology industry, and from a customer service perspective, I know that often times, there are things you cannot tell your customers, but offering silence is not the solution either.
We can understand everyoneās irritation; however, certain internal risk management decisions, which are not always the most popular ones, have to be made to ensure compliance with external regulations and requirements, imposed from our intermediary concerning these instruments and their trading volume.
On a side note : here is a really good insight on the matter, which might come in handy
We will aim to keep you posted on the matter to avoid any further speculation.
They should restrict any stock that suddenly gets a volume of transaction above it averageā¦ Funny daily volume on those stocks still above all time average.
@KnightSkunk far as I am aware, the reasons some stocks have temporary trading block, is because the regulator has asked for these to be placed on the market while they investigate irregular activity, not the platform. I have seen this across multiple platforms not just 212.
I havenāt seen any broker advertise āSign up to us and buy Insert Stock hereā so its hardly false advertising.
What stocks were you looking to add to your portfolio, and what analysis did you base your decision on out of interest? The reason I ask - I havenāt seen any stock Iāve been looking to purchase blocked.
Letās hope on 1st April will have some news regarding the OTC markets in the new terms and conditions. If notā¦ then we have to consider if its better to sell an apple for 10$ or 0.5$
Itās happened again! First I lost money of kwbt and now when you guys JUST introduced some new pennyās, youāve banned it again. Guys this is ridiculous and someone needs to be held accountable. Why canāt you guys just get your stuff together and let it be.
and now the limit is removedā¦