RE: Barclays9 Feb 2024 10:03
seems that people who trade large amounts often **** of the free trade apps as the spreads can be large and the trades can sometimes take a while to process ( worst one took 8 days to process for me)
but they are fantastic at what they do. yes they have some issues and you can not use them reliably for the fast intraday moves / day trading
but for those of us with limited funds it can be a great way to invest and build up a stake over time.
i bought some copl earlier in the week a whole £300 worth - sold a few days later and i banked £75 profit which would have been much reduced if i had fees to pay. t212 is great for low value short term trades and for long term investing of any amount. no fees, isa and i get paid interest on any uninvested funds. i always use limit trades so i get a price i am happy with and not worry about a few quid here and there in the spread. good charting tools too and is a great place to learn the markets as you can use a practice account with virtual money.
however it is terrible for day trading, fast intraday moves and has slow trades on any of the small caps with lower volumes. great for ftse bad for aim generally speaking. but i also use my bank for any companies which t212 struggles with, so if a see a great intraday move and t212 is struggling with it i buy through them. though the bank interface is horrendous compared to 212!