no-one is controlling the free market. it is functioning just fine on itās own.
I donāt agree with this point.
The opposite of buying (opening long position) is not selling (closing long position) - itās short selling (opening a short position).
- Open long (buy) ā Close long (sell)
- Open short (sell) ā Close short (buy)
- Open long <-> Open short (opposite actions)
āYOUā will be the one manipulating the market if you only restrict opening long positions without restricting opening close positions. Short selling is not possible in T212 anyway.
You canāt restrict people from closing their positions, you can only restrict them from opening new ones in any direction.
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I was talking about simple buying and selling, as the OP implied as I read it, you are talking about something different so we are comparing apples and oranges here.
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Thereās two things hopefully everyone can see
- Itās manipulation by definition to only allow selling, HOWEVER T212 makes up a negligible amount of the total traders on a stock. So if fewer than 1% are unable to buy thatās not large enough to have any significant impact.
Should ātheyā (T212 / IB / the regulators) be allowed to say what are potential pump and dump stocks are or restrict them, I would say no personally. Is it illegal? Iām not a lawyer. Itās most likely their game their rules.
- This isnāt T212 just doing it for fun, the instructions are coming from above. They are clearly doing it to protect their business. What I believe they can do is be a lot more transparent in whatās going on.
I think T212 could have just kept and eye on stocks and stepped in if they felt they would be impacted by allowing p&d traffic via their platform. From a business perspective I can see itās far easier to just prevent them than monitor. From memory the decision is at IBs side so (maybe) out of their hands regardless of how they feel.
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Found it 
Thank you
Are 212 still āworking hard to find a solutionā as their customer service teams have been prepped to repeat? I do wonder what all the hard work is achieving. Perhaps an update on timelines?
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It would be nice to see what actions have been taken to resolve this issue.
Publishing any correspondence between you and IBKR or if the internal correspondance info is not appropriate for public consumption then explain some examples of how you are trying to reach a working resolution on this.
Setting some timelines for further updates, 1month, 6months.
Comms have been pretty poor on this situation really and its rocked my faith in buying anymore OTC stocks to be honest.
Thanks
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Hi,
It would be nice to get an update on how long it takes to investigate the cases of Bantec and Adomani.
Thank you
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Banning definitely penny stocks, could avoid a lot of problems for brokerages. Or limiting penny stocks only to professional investors and institutional.
Some financial institutions donāt have penny stocks due to the potential regulation investigations and temporary restrictions.
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IQST now uplisted to OTCQB and yet 212 still refusing people buying privileges.
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You can NEVER over communicate. But you can under communicate. The lack of comms from 212 on this issue is frustrating.
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I sold all my OTC stock with T212 and moved in with their intermediary. There you can trade these stocks and yes the fees are higher but at least they explain things properly.
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Iām not sure why this was flagged? It doesnāt seem right that peopleās opinions are being censored?
Iām not by any stretch saying that I agree with it, but there doesnāt seem anything untoward?
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it doesnāt have the reference to community action in the flag so it was likely the forum bot reacting to one of the words Muzz used. I would expect it to go back to normal in time.
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I came now here after more then 3 months passing due to what happend. Thank you Trading212 for destroying a personās possibility to get out of the slavery of society. Thank you for your communications with us regarding these incident of restricting. With your help i managed to be on extasy then in depression finnancial. I lost all my hopes but most frustrating i lost 80% of my money and 100% of my potential gains. Nada.
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Hi Dao,
Just to give you an update on this, my account was banned for requesting an update in the way that I did.
I would be interested in hearing other opinions in the community as to whether this was fair or whether this was censorship. Please note that this is not an āincendiaryā post but purely a topic of discussion.
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Hello, guys 
Just to clear out the air - when it comes to constructive criticism, weāve always been a huge fan of the concept. Iām sure that the majority of you can agree that weāve always encouraged your feedback and aimed to implement it wherever possible.
@muzz1066 Donāt get me wrong, we understand and respect your opinion 
. We also recognize everyoneās irritation with the matter. Nonetheless, let us try to communicate within a positive framework and maintain a productive environment.
Creating dissent and encouraging negativity is not of any use for anyone 
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Sometimes, encouraging dissent is actually the only way to get an answer, itās the reason why so many people now take to social media to complain against companies because itās the only way to get the companyās attention. This particular issue is in dire need of an update. Even, āweāve had conversations with our intermediary along the lines of a, b and c and are trying to overcome issues a, b and cā or somesuch. Complete silence for months does not champion a constructive resolution. The OTC legal environment is currently extremely hot and so open, regular and honest communication is very much a necessity for companies in that sphere.
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Is a solution potentially to remove low liquidity stocks as an investment option from a platform that utilises an intermediary. I donāt think itās a great one as I would like as many options to invest in companies that have the potential to do well long term.
A solution that might suit all, could be to add a notice to the app that due to the type of stock and market liquidity, limits have been imposed in the past and can be imposed by the intermediary or the regulator in the future that are standard practice in the market and out with 212ās control, however the stocks have been added to the platform and available to invest in/trade when available for regular trading. Such notice should help reset expectations and understanding how the markets operate within the regulations.
That way everyone has fair warning that itās just how the market works.
I agree with the sentiment that we keep it civil and constructive, overall I am a happy 212 customer even if this OTC restriction is frustrating and disappointing.
As a 212 representative, you have given a response to the negative comments but then totally overlooked providing any update on this situation.
Iāve previously mentioned before if you actually described or explained the actions you are trying to take or any correspondence between you and IBKR regards this problem and communicated more with us giving some rough estimates for future updates, us customers wouldnāt feel so in the dark on the issue.
Thanks
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