RE: trades16 Nov 2022 18:32
Hi Miln, yeah been using T212 for nearly 3 years now. Really easy to use and costs are really minimal. It has a demo mode so you can use £50k to practice. Customer service decent. User forums and chats are decent. Your money protected up to £85k i believe. It has an invest function, an ISA function and a CFD function for shorting. The list of stocks and ETFs is quite extensive, more than Etoro and Freetrade from what i hear.
What sucks are the graphs and info attached to each stock. Financials, OS, ratios etc. are updated only once in a while so I have to rely on Google for any research.
Also they have been known to all of a sudden either remove the BUY button for some volatile stocks or limit how much you can buy (they are strapped for liquidity). Not a good platform for scalping or day trading as transactions can be delayed and you might end up selling at lower prices.
As mentioned, they also tend to loan out shares which are then used against you to short. This should be illegal imo.
T212 also acts as intermediary between the investor and Interactive Broker, might as well go straight to IB.
I'd be happy to shut it down and go through more official platforms, even at a higher annual and/or transaction fees but i have 3-4 stocks with really low averages so i can't close it yet.
Hope this helped.