Trading 212

ExMachina1000 · 18-07-2020 2:21pm #1

I have been using the "invest" section of this broker for a while and decided to put a small bit of money towards the high risk cfd section.

The problem I'm having is that the leverage offered is set and not actually shown before purchasing a stock etc.

There is no information breakdown before purchasing.
I understand they offer different leverage ratios but this is only from information found outside of the app.

Am I missing something here.
Until you actually purchase the stock you cant see the leverage you are set with!

Jim2007 · 18-07-2020 3:48pm

ExMachina1000 wrote: »

I have been using the "invest" section of this broker for a while and decided to put a small bit of money towards the high risk cfd section.

The problem I'm having is that the leverage offered is set and not actually shown before purchasing a stock etc.

There is no information breakdown before purchasing.
I understand they offer different leverage ratios but this is only from information found outside of the app.

Am I missing something here.
Until you actually purchase the stock you cant see the leverage you are set with!

You are not buying the stock, you are betting on the stock....

ExMachina1000 · 18-07-2020 3:58pm

Jim2007 wrote: »

You are not buying the stock, you are betting on the stock....

I'm aware of that. I'm trading on the difference. I phrased that wrong.

That's not the issue I'm having though

One More Toy · 21-07-2020 3:17pm

Something like 70-80% of people using cfds lose money

Get out of it and avoid, the odds are against you

ExMachina1000 · 21-07-2020 6:35pm

One More Toy wrote: »

Something like 70-80% of people using cfds lose money

Get out of it and avoid, the odds are against you

Its disposable income. I'm 26% up and back to cash.

Yeah its about 78% on trading 212. They have it written in a few places throughout the app registration.

Cfd trading is banned in the United states because so many lost their bollox "trading "

One More Toy · 21-07-2020 6:41pm

ExMachina1000 wrote: »

Its disposable income. I'm 26% up and back to cash.

Yeah its about 78% on trading 212. They have it written in a few places throughout the app registration.

Cfd trading is banned in the United states because so many lost their bollox "trading "

I'm glad you're up on it, but take it from me with a decades experience, along the way I've tried spread betting and cfds.

ChelseaRentBoy · 21-07-2020 6:43pm

Been using 212 to trade currencies for about a year. I don't trade stocks so can't comment on that but I've never had an issue withdrawing funds or from the platform itself.

ChelseaRentBoy · 21-07-2020 6:45pm

ExMachina1000 wrote: »

Its disposable income. I'm 26% up and back to cash.

Yeah its about 78% on trading 212. They have it written in a few places throughout the app registration.

Cfd trading is banned in the United states because so many lost their bollox "trading "

That's because they where gamblers not traders. 78% is a pretty low casualty rate for that industry.

ExMachina1000 · 21-07-2020 6:49pm

One More Toy wrote: »

I'm glad you're up on it, but take it from me with a decades experience, along the way I've tried spread betting and cfds.

You have much much more experience than I have in that case.
Iv been using the invest section for a bit and just threw some play money into cfds. If I can make a few euro profit il happily take it.

The reason i started using it was a housemate friend has been cfd trading about 2 months and his account is rapidly growing. I was intrigued to give it a look. He hasn't withdrawn a cent yet though and says he wont do for another while. Not a great idea in my opinion but that's his choice. I don't think he has trailing stops or a get out plan at all

What are your thoughts on cfd trading? Disaster waiting to happen?

ExMachina1000 · 21-07-2020 6:50pm

ChelseaRentBoy wrote: »

Been using 212 to trade currencies for about a year. I don't trade stocks so can't comment on that but I've never had an issue withdrawing funds or from the platform itself.

They are legitimate no doubt about it. Everyone is legitimate until it goes wrong but I understand that people's money up to a certain figure is guaranteed by uk law

One More Toy · 21-07-2020 7:00pm

ExMachina1000 wrote: »

You have much much more experience than I have in that case.
Iv been using the invest section for a bit and just threw some play money into cfds. If I can make a few euro profit il happily take it.

The reason i started using it was a housemate friend has been cfd trading about 2 months and his account is rapidly growing. I was intrigued to give it a look. He hasn't withdrawn a cent yet though and says he wont do for another while. Not a great idea in my opinion but that's his choice. I don't think he has trailing stops or a get out plan at all

What are your thoughts on cfd trading? Disaster waiting to happen?

Yes disaster, I've seen disclosures on cfd ads in the 80% lose money region. I do some research on EU finance regulation in work. I would not be surprised if cfds were banned in the EU

Might I ask what your friend is trading? Tech shares maybe? They're in a huge bubble right now.

ExMachina1000 · 21-07-2020 7:40pm

One More Toy wrote: »

Yes disaster, I've seen disclosures on cfd ads in the 80% lose money region. I do some research on EU finance regulation in work. I would not be surprised if cfds were banned in the EU

Might I ask what your friend is trading? Tech shares maybe? They're in a huge bubble right now.

If they are banned in the home of capitalism then an EU ban wouldn't be much of a surprise.

He has a fairly diverse portfolio.
Eg:

Salesforce
Amazon
Oil
Various utilities
Zoom
Various pharma

There are others but I cant recall. Somewhere around 25 or so in total

One More Toy · 21-07-2020 7:43pm

ExMachina1000 wrote: »

If they are banned in the home of capitalism then an EU ban wouldn't be much of a surprise.

He has a fairly diverse portfolio.
Eg:

Salesforce
Amazon
Oil
Various utilities
Zoom
Various pharma

Man that's some risky shít right there, stay away from it.

Just buy and hold good quality companies.

The EU is doing its best to curtail their use at least with the disclosures, I'd bet they are banned by the end of the year.

Spread betting looked really attractive to me as any gains are tax free

ExMachina1000 · 21-07-2020 8:43pm

One More Toy wrote: »

Man that's some risky shít right there, stay away from it.

Just buy and hold good quality companies.

The EU is doing its best to curtail their use at least with the disclosures, I'd bet they are banned by the end of the year.

Spread betting looked really attractive to me as any gains are tax free

Really ?I would have thought that was fairly solid as it covers lots of different industries or areas.
Again though I am inexperienced.

By solid companies I presume you mean giants who have been around years and are classed as low volatility.

Maybe like a Coca cola or Unilever type?

I did a Google search on Eu Cfd and see that action was taken in 2018 but with limited success

One More Toy · 21-07-2020 8:50pm

ExMachina1000 wrote: »

Really ?I would have thought that was fairly solid as it covers lots of different industries or areas.
Again though I am inexperienced.

By solid companies I presume you mean giants who have been around years and are classed as low volatility.

Maybe like a Coca cola or Unilever type?

I did a Google search on Eu Cfd and see that action was taken in 2018 but with limited success

Amazon at all time highs, oil who knows where it will go with global demand whipsawing.

I personally stick to the large Co's in the s&p 500. But do your own research and coming with an investing plan that suits your risk tolerance and objectives

ExMachina1000 · 21-07-2020 9:22pm

One More Toy wrote: »

Amazon at all time highs, oil who knows where it will go with global demand whipsawing.

I personally stick to the large Co's in the s&p 500. But do your own research and coming with an investing plan that suits your risk tolerance and objectives

Of course. Nobody can recommend to someone else. I shouldn't have phrased it that way.

GalwayBmw · 10-09-2020 12:01pm

ExMachina1000 wrote: »

I have been using the "invest" section of this broker for a while and decided to put a small bit of money towards the high risk cfd section.

The problem I'm having is that the leverage offered is set and not actually shown before purchasing a stock etc.

There is no information breakdown before purchasing.
I understand they offer different leverage ratios but this is only from information found outside of the app.

Am I missing something here.
Until you actually purchase the stock you cant see the leverage you are set with!

the leverage is typically based on two major things:
1. your class as a trader - can be a retail trader ~1:30 or a pro one (certificates and crap but most importantly your capital yeah) - up to 1:300
2. the overall riskiness of the asset (probably volatility driven) plus liquidity (the spread) - can lower the leverage.

on top of that forced by regional authoritative rules, like no one can trade cryptos with the leverage higher than 1:2 etc.

best to consult with the shop themselves.

DilD · 20-09-2020 3:21pm

I think this is what you are looking for? It gives you the margin requirements for each stock/cfd.

https://www.trading212.com/en/Trading-Instruments?id=3

rgossip30 · 11-11-2020 10:43am

Does Trading 212 automatically send your details to revenue under the Common Reporting Standard or the new ESMA - MiFID II ?

namloc1980 · 26-11-2020 10:45pm

Signs of trouble at Trading 212? https://helpcentre.trading212.com/hc/en-us/articles/360015971518

Apparently they've disabled their chat function on the app as well.

Supercell · 27-11-2020 2:14pm

namloc1980 wrote: »

Signs of trouble at Trading 212? https://helpcentre.trading212.com/hc/en-us/articles/360015971518

Apparently they've disabled their chat function on the app as well.

Thats a bit concerning, i'm still smarting from my P2P losses, this makes me very nervous

Timmaay · 27-11-2020 4:00pm

Supercell wrote: »

Thats a bit concerning, i'm still smarting from my P2P losses, this makes me very nervous

I'm well out of the CFD section of t212 but good few quid in the invest, that is just a broker and do you physically own the shares don't you?

mickger844posts · 27-11-2020 4:58pm

Thinking about setting up an account with Trading 212. Are they in trouble?? General opinions would be appreciated
Cheers

Jim2007 · 27-11-2020 5:30pm

namloc1980 wrote: »

Signs of trouble at Trading 212? https://helpcentre.trading212.com/hc/en-us/articles/360015971518

Apparently they've disabled their chat function on the app as well.

A lot of people are about to learn what it really means to dabble in CFDs... better turn off the chat app for a while.

Nothing to indicate that there are any issues with Trading212, so far. It is a common enough product, so one would assume their risk management is capable to handle it. But time will tell.

timetogo1 · 01-12-2020 10:33am

Anybody know how to get a report of profits / losses for the year so I can figure out how much I owe Revenue for CGT?

I had a look on their help centre but that says they can only give a report for the previous financial year and not the current one
(https://helpcentre.trading212.com/hc/en-us/articles/360008145758-How-to-get-a-Tax-Statement-for-the-financial-year-)

There's no export to csv option that I can find so going back and manually inputting a years worth of transactions and figuring out how much I made / lost on each one will get pretty tedious pretty quick. Does anybody know a better way?

Timmaay · 01-12-2020 5:14pm

timetogo1 wrote: »

Anybody know how to get a report of profits / losses for the year so I can figure out how much I owe Revenue for CGT?

I had a look on their help centre but that says they can only give a report for the previous financial year and not the current one
(https://helpcentre.trading212.com/hc/en-us/articles/360008145758-How-to-get-a-Tax-Statement-for-the-financial-year-)

There's no export to csv option that I can find so going back and manually inputting a years worth of transactions and figuring out how much I made / lost on each one will get pretty tedious pretty quick. Does anybody know a better way?

Very same issue here, and I've emailed them, the best they can do is email me monthly pdfs from Jan to Nov, no option for them to simply sent me a csv xls etc. Fairly pathetic stuff feom a company like this, and it certainly doesn't inspire me to use them as much moving forwards.

namloc1980 · 02-12-2020 11:23am

I think they mentioned on their forum that it's on their roadmap for the future to have reports like that. I keep my own excel spreadsheet.

timetogo1 · 02-12-2020 11:50am

namloc1980 wrote: »

I think they mentioned on their forum that it's on their roadmap for the future to have reports like that. I keep my own excel spreadsheet.

Yeah, me too. It's a bit complicated when I've been buying fractionals. I'd prefer to have an official report in case I find out next year that their official report is different from my spreadsheet.
I suppose we get what we're paying for

Degiro give a decent report (sometime this month) I have most of my trades in there and was experimenting with Trading 212. It's worth the few quid a year that I pay Degiro in fees if I'm buying & selling frequently.

rgossip30 · 02-12-2020 3:16pm

I invest in Indices only there is an advantage in that you can sell quickly in a downturn . Fees are lower than investing with an institution .
Do Irish revenue expect one to pay tax each year as its a disadvantage over the traditional investing . This requires you to pay any tax after 8 years only .

uli84 · 13-01-2021 3:41pm

Are irish banks charging for the fund transfers via bank transfer to trading 212 account?

Timmaay · 13-01-2021 3:43pm

Timmaay wrote: »

Very same issue here, and I've emailed them, the best they can do is email me monthly pdfs from Jan to Nov, no option for them to simply sent me a csv xls etc. Fairly pathetic stuff feom a company like this, and it certainly doesn't inspire me to use them as much moving forwards.

Csv export feature added now.

outonawing · 14-01-2021 1:00pm

uli84 wrote: »

Are irish banks charging for the fund transfers via bank transfer to trading 212 account?

Don't know, but you can use your debit/credit card to transfer funds

timetogo1 · 14-01-2021 1:31pm

outonawing wrote: »

Don't know, but you can use your debit/credit card to transfer funds

Up to €2k. They introduced this limit recently. Once you go above that they'll charge a 0.7% fee.

I've no clue about bank fees myself. I've been using transfers from credit card and just paying the card monthly as normal.

masterboy123 · 15-01-2021 8:04am

I would like to know this as well.

There is a 0.7% fees on cards for transactions above 2000. Is this monthly cap?

uli84 wrote: »

Are irish banks charging for the fund transfers via bank transfer to trading 212 account?

outonawing · 15-01-2021 9:30am

masterboy123 wrote: »

I would like to know this as well.

There is a 0.7% fees on cards for transactions above 2000. Is this monthly cap?

Here's the email about changes to funding charges:

Since the launch of our Invest service, we’ve been covering all deposit fees charged by the payment providers. Typically, these fees are included in the price of the products and services that you buy. But our share dealing service is completely free and the transferred amounts have grown to billions of euros per year. That’s why, starting from 04.01.2021, we are introducing a lifetime limit on free deposits via all payment methods other than Bank Transfers.

Funding via Credit/Debit Cards, Google Pay, Apple Pay, Skrill, iDeal, DotPay GiroPay and Sofort, will remain fee-free until you have deposited €2,000 in total. A fee of 0.7% will apply thereafter. Please note we do not profit from this fee. Its purpose is to cover the costs levied by payment providers and card companies.

Bank transfers remain completely free (unless your bank charges you to make them) and we are working on expanding them further in 2021 with the following options:

SEPA Direct Debit - enabling recurring and one-off bank transfers across the EU;
We will extend the coverage of payments via Open banking throughout most European countries.
Depositing into CFD accounts remains fee-free without limits.

Visit our Help Centre to learn more on the topic.

Best regards,
The Trading 212 Team

B-D-P-- · 15-01-2021 9:43am

I've a monthly DD into a Pie I created using one of their AI's.
Theres a nice amount there at the moment.

So far the im up 21% over the space of 6 months. I dont change or adjust the %'s.

JackieChang · 16-01-2021 11:55pm

B-D-P-- wrote: »

I've a monthly DD into a Pie I created using one of their AI's.
Theres a nice amount there at the moment.

So far the im up 21% over the space of 6 months. I dont change or adjust the %'s.

How do you set up a direct debit with T212?

Finical · 11-02-2021 12:37am

Apologies if this is in the wrong place.

Been on the waiting list since they've launched it, but haven't heard anything since.

Does anyone know if I manager to get a referral link will I be able to setup or would I just be put on the waiting list again.

Also I've seen in the thread that trading 212 doesn't have a yearly report to make it easier to calculate cg etc. Is that still the case?

If I was to make a spreadsheet would someone be able to advise on the columns that would be necessary to keep track of my buys and sells.

Complete noobie here, but I want to get stuff right from the start.

Atlas_IRL · 11-02-2021 10:41am

B-D-P-- wrote: »

I've a monthly DD into a Pie I created using one of their AI's.
Theres a nice amount there at the moment.

So far the im up 21% over the space of 6 months. I dont change or adjust the %'s.

The pies are really interesting someone has an ark invest one. Do you know much about the terms with it? Fees etc.

timetogo1 · 11-02-2021 11:32am

Atlas_IRL wrote: »

The pies are really interesting someone has an ark invest one. Do you know much about the terms with it? Fees etc.

No fees for pies (or for trading).
I've copied a couple of ARK ETFs (top 15 holdings) and put some money into them. They work very well.

They obviously won't track the ETFs though. So the percentages of each stock in your pie today will not match the percentages in the ETF in a month. You can rebalance manually. It's time consuming. The Trading 212 interface is clunky. It looks nice but they make simple tasks repetitive. (e.g. not pie related but they only managed to get a CSV export option to get your trades out to Excel last month, that is really basic stuff).

When you rebalance you get an option to sell shares and buy shares to rebalance to your target percentages. The other method is to add money and get the pie to redistribute the money to stocks that haven't met your % target. This avoids the pie selling portions of stocks (which you then have to account for, for tax).

Robson99 · 11-02-2021 1:26pm

B-D-P-- wrote: »

I've a monthly DD into a Pie I created using one of their AI's.
Theres a nice amount there at the moment.

So far the im up 21% over the space of 6 months. I dont change or adjust the %'s.

Trying to set up a PIE in T212 with Investment Trusts.
Schroeder Asian Tot return is on the list but when I go into the PIE to include it it doesn't show up Any reason for this. I notice the same with a few of the Asian Trusts You can invest on its own but not include it in a PIE...Maybe it's me ?

timetogo1 · 11-02-2021 1:32pm

Robson99 wrote: »

.Maybe it's me ?

Not just you. I tried adding that trust to one of my pies to see if it was just you.
Same as you, I could buy some of it normally if I wanted but when adding a slice to the pie doesn't show the Schroder Asian Total as an option.

Actually when searching for Schroder when buying a share I get about 13 results.
If I go into Edit a pie and add a slice and search for Schroder I get 3 results.
No idea why.

Robson99 · 11-02-2021 1:47pm

timetogo1 wrote: »

Not just you. I tried adding that trust to one of my pies to see if it was just you.
Same as you, I could buy some of it normally if I wanted but when adding a slice to the pie doesn't show the Schroder Asian Total as an option.

Actually when searching for Schroder when buying a share I get about 13 results.
If I go into Edit a pie and add a slice and search for Schroder I get 3 results.
No idea why.

Thanks TTG1
I could always just add Fidelity...I think it pops up or I might just email them
Just want to do a PIE with Monks Inc Trust plus some SMT, Allianz and something with Asia China base.
Handier for me to have them in a PIE and set up a DD into it ....don't want the daily hassle and it is a 5yr + investment

Robson99 · 11-02-2021 3:54pm

timetogo1 wrote: »

Not just you. I tried adding that trust to one of my pies to see if it was just you.
Same as you, I could buy some of it normally if I wanted but when adding a slice to the pie doesn't show the Schroder Asian Total as an option.

Actually when searching for Schroder when buying a share I get about 13 results.
If I go into Edit a pie and add a slice and search for Schroder I get 3 results.
No idea why.

Figured it out. It seems that you cannot add a stock that don't sell Iin fractions to a PIE

11-02-2021 3:57pm

Finical wrote: »

Apologies if this is in the wrong place.

Been on the waiting list since they've launched it, but haven't heard anything since.

Does anyone know if I manager to get a referral link will I be able to setup or would I just be put on the waiting list again.

Also I've seen in the thread that trading 212 doesn't have a yearly report to make it easier to calculate cg etc. Is that still the case?

If I was to make a spreadsheet would someone be able to advise on the columns that would be necessary to keep track of my buys and sells.

Complete noobie here, but I want to get stuff right from the start.

Just on waiting list again I'm afraid. I'm in the same boat.

See here for excel sheet and tips on Cap Gains: https://www.cpaireland.ie/CPAIreland/media/Education-Training/Study%20Support%20Resources/F2%20Taxation/f2-tax-capital-gains-tax-and-share-dealing.pdf

I made my own version of the sample share register in that. Excel now has the ability to pull share prices too.

Finical · 11-02-2021 6:11pm

Ronin Angry Playboy wrote: »

Just on waiting list again I'm afraid. I'm in the same boat.

See here for excel sheet and tips on Cap Gains: https://www.cpaireland.ie/CPAIreland/media/Education-Training/Study%20Support%20Resources/F2%20Taxation/f2-tax-capital-gains-tax-and-share-dealing.pdf

I made my own version of the sample share register in that. Excel now has the ability to pull share prices too.

Nice one, thank you very much!

elbyrneo · 12-02-2021 2:48pm

Are US Options available on Trading 212? Would like to trade some call options on HYLN and put options on PLTR.
US options not available on Degiro...

GalwayBmw · 12-02-2021 10:30pm

Always worth considering...

elbyrneo · 12-02-2021 10:54pm

GalwayBmw wrote: »

Always worth considering...

Was that aimed at me? I'm interested in options, not selling short, and unlike the sad story you linked I understand my losses will always be limited to the premium paid for the option.....

AOH77A · 12-02-2021 11:27pm

Saxo allow US options, I signed up recently.

GalwayBmw · 13-02-2021 12:23am

elbyrneo wrote: »

Was that aimed at me? I'm interested in options, not selling short, and unlike the sad story you linked I understand my losses will always be limited to the premium paid for the option.....

of course they will.

Trading 212

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