Unusually large spreads

🤝 Help
41

No you pay the spread to trade CFDs.

43

@David I’ve just had positions close costing me £700 due to a spread becoming 30%

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I have a lot of capital at risk and require an explanation of what is going on

Nasdaq is showing a -0.10% decrease

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44

do you also have a look the overnight fee?
The overnight fee is absolutely increased as well.

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45

Better we take this as an issue to FCA. People are losing money for no real reason but for a software glitch fault of the platform.

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46

Yes noticed. Too much going on. From £5 it is £25.

47

Disable after hours trading until this is fixed.

48

Look at this some minutes ago:

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In this days your system is going crazy…really a mess…impossible to trade…please fix it

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49

It’s not just after hours

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50

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Absolute joke

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51

True. Noticed in normal hours too but after hours is mental

52

Almost $15 NVDA…wow

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53

hi guys,

Please also check the overnight fee of your stock, this is unusual as well.

  • 0.5% currency commission fee (this is normal for trade 212).

Take care of your money.

55

Unfortunately it’s currently being squeezed and held to ransom and I’ve run out of capital to stop it, this is madness

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56

Hmm I just bought 100 Nio on CFD and only after I pressed Buy i realized what a massive spread we have today… I came here to enquire, but I see lots of people are in this boat…

Never seen such massive spread in my life :))

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57

The CFD spreads are so large and different to the market they’re derived from now, in some stocks I’m sitting on a loss in T212, but with the exchange price I should be in profit.

58

That’s the big problem. Many people are buying without realising the spread.
The moment you buy you are down by 10% or more.
This is absolute day light robbery.

3 Likes
59

normally NIO is about 0.2 dollar spread during trade hours.
today and yesterday is more than 1.
Other stock in trade 212 CFD also has the same issue.

60

How did you manage to buy? I thought they capped it a few days ago

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61

Better we take this as an issue to FCA. People are losing money for no real reason but for a software glitch fault of the platform.

I’m interested to know how we start this journey

62

First raise an official complaint with T212 and follow up with a parallel complaint to FCA providing all the details with screenshots evidences.

1 Like