Unusually large spreads

Picked up an odd price pre opening?


I’ve had this happen before with OTC stocks when buying between 1pm and 2.30pm. I suppose it makes sense for the spread to be wider.

Spreads are the markups individual companies through their various algorithms decide to lump on. Its how they make money, and I think T212 sadly is on the heavier side of the larger spreads than that of competitors.

Whilst its is ‘free’ to do trades, we are paying for it massively in the inflated spreads. Sadly this is not good. I am looking at other platforms now, as T212 system didnt work when I referred a friend who did load up and did use the link given. But the advice was ask the friend to contact us…

Its been really good up to date has T212, and I’ve lost lots of money with them, but sadly i think the spreads, change of tools on the app, and buggy links are making me think again, and am sure it is others too.

yep its crazy… very frustrating on day trades.

Not on shares you’re not. Only on CFDs.

Where does this myth come from? I’m pig sick of correcting it.

Yea they do. Different companies will have different spreads from what I understand. I get it and that’s fine.

Yes maybe on cfd only.

Happy to be wrong. But it’s what even the companies say so not sure it’s necessarily bad. Just think some companies have bigger spreads and use it to advantage more.

A spread betting company is something very different from a broker.

A broker is absolutely not allowed, in any case, to inflate spread.

A CFD broker is far more akin to spread betting indeed; they are not selling shares, but a custom financial product, of which they have far more control over its pricing.

But on the shares sides, that’s a big no no. The spread comes from the market book.


I mean you read the policy when you signed up right?

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Hi All

I recall asking something similar a long time ago but never received a satisfactory answer. Why are the spreads when trying to buy some securites much higher than what i can buy using the bigger platforms like HL or Interactive Investor. For example i just tried to buy some Allianz Technology Trust and the quote on HL was a full 0.5 percent better than Trading 212. The other annoying thing with Trading 212 is you cant get a live quote before you confirm the order. The only way is to do a limit order but this is tiresome to always have to do this for small orders, first checking what you can get with another broker and then having to enter the limit order on T212.

I thought T212 use interactive brokers so why dont they have a live quote where you press confirm once your happy with it?

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The answer to this is still in your original thread.

I hope you get paid


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I’m like Google for lazy people.


Some platforms do indeed offer quotes which are good for the next 10 seconds or so. But if you think about it, this must be because some party is facilitating this, making a profit by doing so, which comes eventually from end clients, perhaps through a higher dealing fee.

Suppose the market price moves down during those few seconds that the quote is offered. Wouldn’t you rather have the market price? About half the time that is what will happen.


Unlike most other brokers though, unfortunately T212 rarely get inside the spread for U.K. shares.

It’s the main thing - alongside the execution delay - that stops me wanting to use them for U.K. shares.

No good getting a commission-free deal if you lose that saving due to relatively poor execution prices.

Irrelevant though isn’t it. The point is they’re not profiting from it.

I had an amazing CFD trade on coinbase short.

I had a stop loss.

This strategy was working fine when coinbase was not open after hours.

Then one day 212 opened up coinbase after hours- and the spread was over 10% and threw me out of the trade by hitting my stop loss.

Now i’d be fine if the price ever got to my stop loss price, but it never did it was only due to massive spread.

I have noticed this mainly happens with stocks open out of hours- my problem is if i knew 212 was going to change how this worked for coinbase i would have removed my stop loss.

How can i see in advance if something is going to start trading after hours?

For example i have gamestop with a stoploss- now if it opens after hours with something like a 15% spread im going to be thrown out! But if it never opens out of hours spread wont be an issue only price

hopefully my comment makes sense

All trades on Short ETFs have become so unreliable, look at the buy price compared to the chart

Another day, another ridiculously high spread.

How we are meant to make money on T212 is beyond me.

Something not quite right here, I’d complain but there is absolutely zero point.

I mean those have nothing to do with T212 though. It’s the spread from the product.

Screenshot from Frankfurt bourse, on its Euro counterpart:

All these leveraged ETPs have very little, if any, liquidity. Almost no trade between investors happen.
You see the size of the bid and ask being the same? These are limit orders sitting in the book by the Investment Bank partnering with Leveraged Shares, and acting as Market Maker. They provide the service that if you want to either buy or sell shares, there will always be a counterparty; and provide at the same time pricing range following the underlying index. But of course the spread they offer is quite large, partly as compensation for their services, partly to negate the risk they carry, and partly also to leave room on the order book for genuine trade; they will be your counterparty only when no one else is already looking to trade.
With a narrower spread, they would deny too many traders that set limits further away from the index.

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Theres a 20c spread on this on the Nasdaq with very little volume. I’d expect the CFD spread to be something like this.