This is part of the reason why I have these discussions on a neutral platform. I get that everyone here is a fan of Trading 212 - it’s their community after all. And I get that you may disagree with some of the things I said and that’s cool. But just to super briefly answer the points made.
@cavanhagan and @ryan9921 I do not know how their system works. I simply made the point that because two identical notifications with almost identical text seemed to have different expiry timeframes implies that a decision is made by someone on when these should expire. I presume there is a protocol involved and I found it odd that messages of near-identical nature should have different expiry times. That’s it. As someone pointed out above, this was a very small part of the video.
@topher Yes I could well have gone and discussed everything with Trading 212 beforehand taking a lot of time to do so but even in Tony’s post above, I do not see specific answers to some of the questions I posed including the one above. Just saying “different notifications have different expiry timestamps” is not an answer for WHY you would set them differently. Because these are very important notifications.
@VicVega I mostly asked questions rather than make claims based on the things I specifically mentioned in the video. The cash flow issue was definitely posed a question because I have no idea but the combination of different factors together with Robinhood (much bigger than Trading 212) openly admitting they had cash flow issues, I don’t see how this is somehow far fetched given the minimum deposit requirements on these stocks were reportedly raised.
On the last point - yes. As it stands Trading 212 have saved something that may measure in the millions of pounds by preventing people signing up for 2 weeks because the free shares are given almost immediately. Am I incorrect in saying this?
Ivo from Trading 212 has told me that the company is working on a solution to attribute the referral codes where possible to people on the Waiting List when they sign up. If that is the case, I applaud the efforts and I think it’s great. I didn’t even make the comment because of the money - it was related to the previous point because of the juxtaposition of the different events that both have a noticeable financial implication.
Just before more comments turn up, I am a big fan of Trading 212. Go watch literally any other video about Trading 212 or the video I made very recently about the best investing apps in the UK.
I want them to do well because the more companies offer better products to customers, the better. I am a customer myself and I love the platform.
But I will say things how I see them and ask questions that may be uncomfortable and where I may get completely the wrong end of the stick based on coincidental timing of different events. That’s what I do and everything I say or ask I justify or explain the basis for.