I was so distracted by Trading 212’s incompetent handling of crypto CFD positions, that I completely missed what’s going on elsewhere on the platform:
So, for those of us who are going to be forced to have our crypto positions closed tomorrow, we’re now facing the following triple financial threat:
- We are being forced to accept unnecessary capital gains tax (CGT) liabilities or losses.
- The recent market correction has removed recent gains that are likely to return in the next few weeks. We will be forced out of our positions, at a much lower price, before the market recovers.
- As described in the above link, I believe there is a possibility that the sell price at the close of play tomorrow will be abnormally low, causing us to lose even more money.
How is this acceptable?