David, this is good news and it’s great to see some movement from T212 on this front. Appreciate it!
I think what would be very helpful for everyone, is to tell us why these position size restrictions are in place at all, as that is a key bit of information which will provide clarity, reassurance and renewed confidence in T212 for OTC investing.
As a side note on the position size limitations you’ve stated, taking Frontier Lithium as an example:
Current share price (based on Yahoo finance): $0.6462
100 shares limit position size: $64.62
That makes the investment almost not worth it at all, at least from my personal perspective. In order to capitalise on the investment, I would personally want to own at least a few 1000 shares while the share price is cheap.
Other than the open positions I have with OTC stocks. I won’t be adding anymore to my 212 accounts, its just not worth the risk on this platform at this time, my confidence in using 212 as a broker for OTC is shot. It is limiting customers taking advantage of low hanging fruit and low stock prices while they can get in early and its just not worth the risk that 212’s intermediary will limit us to Close only mode which forces you to sell at a loss or stops people buying and allowing the stock to rise.
Or a prime example why they say it pays to shop around? The limits could happen with any broker depending on their volumes, compliance limits or direction from the regulators, so having more accounts gives us all more options
Because the heavy/unusual trading isn’t concentrated across their own book of business, it’s concentrated within one account on their books: Trading 212.
Hello, can you please inform us when do you plan to lift buying restrictions on $TLSS? It was uplisted on OTC-QB, and its market cap is above your $50 mln threshold. Thanks! https://www.otcmarkets.com/stock/TLSS/overview
You do realise it’s not 212, but the regulator and or parties that 212 deal with?
It’s in 212’s interests to let us buy as many stocks as possible that could generate the 0.15% FX fee, or be loaned out for stock lending income.
Personally it’s great all these stocks were added, but I would recommend doing some light reading on security suspensions and market manipulation, and the requirements on a broker for protection of the markets.
The landscape is changing now with more retail investors, so the volumes and sizes of trades are changing from that seen traditionally, particularly with the reddit crew doing what is clearly manipulating the market on some stocks. Some people will win, others will lose out as a result. Others will simply be happy taking part.
This is why I have multiple brokers, should any one broker be forced to suspend a stock for any reason, I can buy elsewhere.
8 months without an feedback . Imagine investing money in an company without knowing that your money will be locked and nobody tells you what’s happening.
Good Afternoon, is there any news on when the restrictions will be lifted on TLSS? I am sure you are aware that the company was uplisted on OTC-QB recently and the market cap exceeds the threshold. Any news would be greatly appreciated.
Thank you in advance!!
Transportation and Logistics Systems, Inc. (TLSS) remains in close only mode. The reason behind that is to prevent instrument suspension by the liquidity providers of our execution intermediary due to excessive order volume.
As for the other instruments that are still suspended, the discussion here will be among the first communication channels we’ll use to share updates. Unfortunately, there isn’t any news at this point.
