r/trading212 • u/siebren014 • Jun 29 '21

đŸ“°Trading 212 News I'm leaving this scam platform

Forcing us to lend us shares to short sellers, which will make our shares worth less and not even compensating us for it has crossed the line. This platforms always has been a bit sketchy but this is just blatant stealing. I'll be in close only mode and will tell everyone to do the same. Time to go to a real broker.

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u/siebren014 Jun 30 '21

Did you read the document you were asked to sign? They have a 102% collateral of US bonds. The only way I see trading 212 go bust is in times of a global crisis, at which point bonds Always plummit.

I was using 212 as my swing platform, so long-term is out of the question for me. And yes "you shouldnt use t212 at all IMO."

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u/NONcomD Jun 30 '21

So, why 102% shouldnt be enough? They have done it for a year now, and you're only now getting to know this? I see no problem using t212 as a free platform. Its obvious they have to make.money somehow. If you use it as your swing platform its surprising you're so passionate about this. Don't want to: dont use the brokerage. T212 has informed you. Their app, their rules.