Member Info for abstrade

Hi All,

Has anyone actually managed to get a Phoenix account and successfully make a trade?

I jumped throught he various hoops of taking photo with webcam, submitting photo of Passport, and recent bank statement a few days ago. Logged in today and its still in a 'onboarding submitted' state.

It gives no indication as to how long this will take. I'll post update when it does go through,,,

Thanks Aloha. Where did you find this info - did you receive comms? Talk about getting screwed over multiple times :( Seems like firms can do what they wish and there are no repercussions!

Has anyone heard any further news ?

I know Aloha - i'm in the same boat. It is very frustrating.

Thank you for the update Alan. Appreciated

Update as of 21st October -
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The JSAs also confirmed that the quickest and most cost-effective way for clients’ assets to be returned is by transfer to a nominated broker who is regulated by the FCA.

https://www.leonardcurtis.co.uk/proposals-from-joint-special-administrators-of-svs-securities-plc-approved-by-creditors-and-clients/

Update:
https://www.leonardcurtis.co.uk/wp-content/uploads/2019/09/Joint-Special-Administrators-Report-Statement-of-Proposals-25.09.2019-1.pdf

Many Thanks for that link Sally1975 - a bit of positive news.

I'm in the grim situation as many below - mine is pretty much all of my LTH stocks like 3.5 m in Sareum etc. I want the stocks and ability to sell those. :(