Because free isnāt a sustainable business model. Look at how much Robinhood makes from selling their customersā order flow to hedge fundsā¦
If people are willing to pay for a free tier that has certain features which they would like, I would understand that. This post isnāt implying the entire platform become a paid service
Nothing is free, they gain market share at the expense of profit. They also make profit from spreads and margin trading in CFDs and are probably already profitable. So yes, this business model is already sustainable, they donāt need our help to redesign their business model as a paid/semi-paid service. If you think you know a better business model, feel free to create your own trading platform and see how it goes. Thanks!
If I remember correctly, they said Trading212 as a whole is already profitable (mainly thanks to CFD accounts, and has been like that for many years), and that with the recent introduction of securities landing, theyāre looking to make even investment and ISA accounts self-profitable on their own.
Can not find the consolidated accounts 12/19 for t212 on companies house. Can the clients get access and what explains the delay in publishing?
If a large chunk of customers gets reimbursed as a result of recent events is there enough liquidity to take the hit?
Thank you
No, this is the UK entity showing losses in 2019
I am looking for the group accounts with all the entities included (e.g. Bulgarian entity)
There is also an entity in Cyprus. Not sure if it is included.
Surprised nobody is asking this
Those accounts are not yet due.
Next accounts made up to 31 December 2019 due by 31 December 2020
They published the group 12/18 accounts on the 8th October 2019
The stuff you mention is general guidelines. What is causing the delay this year? You can see it in āfilling historyā on companies house.
Usually companies publish it sooner unless something is going on. Might be due to covid this year.
For a company that is managing clientsā money it seems strange.
How should one judge their solvency? Regulator (FCA) is always late to the party to step in. Good luck with making complaints etc. If it goes south.
We are approaching the end of the yearā¦ clients keeping large portfolios (multiple thousands) not asking this question is beyond me. Ideally, we should be able see the estimated figures for 12/20.
Hope investors donāt take the same approach with their investments