I would be happy if I knew the IBAN of an account in my name where all the shares are stored. Thatās all Iām asking here. And its not that crazy since most brokers do it. That makes you feel more confident. T212 is a great platform to invest and I just want it to improve in that end. Because I really like it.
To the people asking about the transfer species feature, I think itās pretty clear that this is not a simple thing to implement? I would also like this possibility but letās be patient. Hopefully sometime this year.
The cash itās kept on a account together with all other clients cash. Barclays receives everyday the segregated list.
The shares are kept in an omnibus account with IBKR together with all other clients shares. IBKR receives everyday the segregated list.
Standard policy in this domain.
All brokers have the cash account together for all clients.
And all brokers that donāt have direct access to the market have the omnibus account.
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Most brokers? None of the UKās largest platforms give clients a personal IBAN for deposits. I have not seen this offered by AJ Bell, Interactive Investor, or Hargreaves Lansdown. Similar to Trading 212, shares bought through these platforms are held by a nominee, with client having beneficial ownership, but shares are not held directly in client names.
And not Interactive Brokers
my messages only read as aggressive to people who feel offended by the response 
it may have crossed others minds, but thatās because they didnāt look at any of the documents they were supposed to read. almost none of them claim T212 lack transparency in response.
since text can be copied from anywhere, a screenshot of the bottom of the contract note email sent out:
the bulgarian entity only gets mentioned in a few places and never does it say you are onloaded under them. just like how the company I work at is global and have about 20 different companies names appended under it, there is no confusion for anyone about who I work for because its part of the contract I signed when taking on the job. a notification that a company has multiple entities is by no means a lack of transparency by T212. information about where your funds and shares are held are also present on the website along with any coverage they receive.
people often wrongly assume that ātransparencyā entitles them to more information about a company than they actually have business knowing. being FCA approved requires that T212 has a customer central business model with a high level of fairness for all customers, including transparency and freedom to enter and exit without barriers. the company gets reviewed on a periodic basis and the staff will have (in the case of my company) annual refreshers in training. if the FCA ever determined they werenāt meeting the requirements then they could lose that status.
Oh okay. I didnt knew that was normal in the UK brokers. Well I do have XTB, Degiro and Indexa Capital and all of them have different bank accounts in my name, which I know the IBANs of and where I actually transfer my money if I want to invest. And In my opinion that makes you feel very comfortable in terms of knowing this money is 100% yours. The omnibus thing gives me a feel that if everything goes down the hill, all the money I might have will be lost forever. Just as a suggestion. Itās my personal opinion, nothing else.
As I said before, I only wish and intend to give feedback because I really like this broker.
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I think everyone else can see the difference between a company (being in the same group or not) that has no relation with the client, and thus is not part of legal documents framing the actual relation, from another company (being in the same group or not) that appears in every document and e-mail statements concerning the clients, including provisions concerning clientsā funds.
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I will be more then happy if Trading212 make possible to transfer shares at least. But I am almost sure that in Q2, David will give us the same answer.
Letās hope I am wrong 
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The Answer will be:
Hey 
,
The feature is in development, as we speak, yet we are not ready to commit to a specific deadline regarding its availability at the moment.
Needless to say, as soon as itās up & running - you will be the first to know!
Haha 
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Hi Trading212 Team,
@Tony.V @B.E @David @George @Rumen
unfortunately I have to mark you again in this post and I know you are tired of dealing with this topic. With the introduction of the FX exchange rate fee, my portfolio will lose a lot of performance after May. My dividend earnings are not exactly low and are mostly paid in $ and are therefore subject to the exchange rate fee.
According to you, a portfolio change is only possible if I sell all the shares and buy them again in the same breath.
1. Problem: I currently have over 4.2k book profits, which I have to pay tax on. Is that a solution for you?
2) After May there is an exchange rate fee on top of this amount, which means I am forced to sell everything before May, unless you offer the option to transfer the shares to another broker. I would be willing to pay 100 ā¬ for this service (free of charge with almost all brokers from Germany)
Please tell me what i can do?? Itās getting worse every day, because my portfolio is growing.
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According to the latest amendments to the legal documents:
13.13. Trading 212 will not facilitate the transfer of Investments to another firm. The Investments held in your account will need to be liquidated and cash can be transferred to another firm. Similarly, any Investments held with another firm cannot be transferred to your account with Trading 212 but cash can be transferred instead. Investments cannot be put into certificate form and mailed. Liquidations of Investments may result in additional charges imposed by third parties (this can include, but not limitedto government fees and levies, bank charges, etc.)
You can make your own conclusions.
Your 100EUR offer / 0.15% gives 66.66k EUR. If your balance is lower than this, you may still be better off post change liquidating your assets at a time of your choosing to crystallise your capital gains/taxes.
It is also worth noting (I think), that any broker can change their T&C with the appropriate notice period. If this is a concern it might be worth checking your new brokers terms on transferring securities in/out before signing up.
The thing is that I have to pay taxes for 4200ā¬ profit, in Germany this will cost me 1107,75ā¬.
After may there will be an additional 0,15% fee for most of my positions because of other currency.
So my 100ā¬ offer is still good deal for me. I can offer 200ā¬ for this service, but they will not do it.
Can you not keep the positions open, and if the market drops so your capital gains reduce to nil so no taxes, can then decide to sell out then?
The problem is Iām long term investor and Iām not buying speculative stocks like Tesla,NIO, Palantir and so on.
Most of my stocks are growing slowly but they are undervalued and therefor they will not drop hardly. For example:
Here are just a few of my profitabel stocks ā¦
So what can I do?
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I already have a lot of positions switched to Trade Republic, but these are my last positions on Trading212
Not sure, I donāt understand the German cgt rules to work out the best course of action. I get the long term investing part so you are potentially losing out on 0.15% or more likely 0.3% every time you rebalance your portfolio.
That said you only incur fees on sale/ dividends.
Richard W above did a cost comparison above of different brokers based on dividends and portfolio turnover.
Assuming zero turnover of your portfolio, and you hold stocks for 10 years, the 0.15% becomes 0.03%(0.15% on buy plus 0.15% on sell divided by 10 years).
If you get a 10% dividend, the costs I think become 0.06% for 10 years? (10x10% = 100% x (0.15% buy plus 0.15% sell))
I would check my maths, but youāve probably already worked out your own true costs.
I was in the same boat. Fortunately my portfolio had only about 100ā¬ In profit so I sold everything and moved to another broker.
If I were you I would just sell and move on. It will hurt paying those taxes but you can recreate your existing portfolio and in no time you will have forgotten about T212.
The alternative is the uncertainty of not knowing what would change next.
Can I ask which broker did you move to? Interactive Brokers is currently onboarding customers to its Hungary branch, which feels less safeā¦
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Hope this feature will be added soonā¦ Itās hard to investing using long-term strategy without ability to transfer shares (in case of something). Itās like having a car without insurance
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