This is a very polite and reasonable message. Unfortunately, Iām not trying to be negative, but I canāt see a resolution for those with small balances.
Small balance? So imagine instead of this higher minimum Trading 212 introduced a paywall and put the feature behind it. Would we complain more? Guess what, with other brokers pending orders already are a āpremium featureā.
Obviously this is a temporarily measure and @David explained they had critical reasons. Letās not dramatise this much about it.
Yes you are missing that trading is a percentages game,
And many people recently have been able to build small accounts such as Ā£100 up to a reasonable size by buying and selling
Everyone starts somewhere and has their own strategy
Perhaps the entry bar has been raised,
Arguably, it mightnāt be worth people buying and selling Ā£1-5 holdings frequentlyā¦ But thatās how I startedā¦ And only considering to add more capital now
Iām 30yrs old so lucky to have capitalā¦ But for a younger trader, or someone without savings, I think a low entry should be made possibleā¦ Helps them to build confidence and strategy, aiming for good percentages
Hopefully Trading212 work out the kinks in the technical issues. I donāt believe the issues are anything more that system relatedā¦ Bit more reinvestment into the IT architecture
Seems like yesterday that investors had to put in 1k plus per trade to get the fees to work. T212 and others have done a great job of making markets more accessible at smaller levels. It is getting a little frustrating though now how whenever the market is volatile all the brokers collapse which seems related to the volume of trades. So I am up for any safeguards that make it more stable for people. 100 may be a little high but I am not aware of anyone else offering these features for free in the UK? Also the whole argument of market orders vs limit for sub 100 is a joke as there is no real difference and if anything will be pennies. Principle of not being able to set limit sells is annoying though.
If you only got 100 to invest my advice would be instead of agonising over picking 30 different shares and spending hours on that to make the cost of a Starbucks focus on how to further your education/ job/ earning potential, or budgeting etc. Not many get rich simply from investing you need money in the first place.
I started with less than 100 but just focused on building up regular savings etc and invested in ETF to get an amount that is then worth spending the hours of research needed to properly invest in individual stocks. I do think T212 has an odd business model though of releasing an amazing product and then slowly restricting it haha. So I feel your pain it is annoying but I have also been investing long enough to have experienced the oldbrokers. I am only 30 but been investing since a young age.
Just my view if someone only has 100 to invest they could probably do better to try and earn more than try and make some diamond hand gains in the markets also I think the point here is everyone still has access to market orders. I have no issue with that. The more people investing from early age and low amounts the better for their long term wealth hopefully.
It means, that the main reason for my registration on T212 no longer exists. I will consider exit from T212 and opening an account with more stable and secure broker such as Degiro.
I am not surprised that the conditions are changing to the worse.
Your still missing the point, itās okay to share your views but donāt tell people how to go about their 100. The changes implemented by T212 is already annoying the heck out of most people, you really donāt want to add fuel to fireā¦i have no issue with you but you must understand peopleās annoyance with T212 atm
I am not understanding very clear the situation. This will be for both Invest & CFD accounts , or only for CFD ? At Invest account for people who aim long term, do not think that will use so much Pending Order, but for daily trader i think this will increase their risk and their budget. Any more clear information, about how it will work, would really appreciate it!