Triple Threat for Crypto CFD Positions

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:

Unusually large spreads

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:

  1. We are being forced to accept unnecessary capital gains tax (CGT) liabilities or losses.
  2. 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.
  3. 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?


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