nick
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Post by nick on Aug 3, 2017 5:29:46 GMT
Anyone else see 1000076 listed at 75% for a few seconds? A mistake quickly rectified or someone boosting the value of their shiny brand new ABL IFISA? I know which I'd bet on. This happened on FS until discounts/premia were restricted from 4% down to 1% and just think, the range on ABL is from 75% to 125%! I wonder how many iterations starting at the initial £20k it would take to reach an IFISA millionaire I'd of pounced if it wasn't for this... p2pindependentforum.com/post/203991/threadI saw it and bought it! I'm not sure if it was someone attempting an under par transfer, but given it was only for £33.44 and was displayed for a while whilst I blinked and tried to to think of the catch! - I think it was probably just a fat finger sell........ I thought there was automatic matching of bid and offers, but obviously not. I just got round to checking the trade confirmation and it was put through at 100.7% and not the 75% quoted - not feeling so clever . Maybe it was someone effecting a sub-par transfer between their accounts after all........
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nick
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Post by nick on Aug 3, 2017 5:41:43 GMT
ablrate , further to the concerns above - Proplend bar the Trading of the same loan parts from their standard to isa account, Landlordinvest manually approve all trades and FS had to overhaul their premium/discount range (which would penalise, say, the BHs that recently paniced about their car holdings). What measures do you have in place to ensure there is no tax cheating on your platform?? I'm not sure the onus should be on Ablrate to prevent members from cheating on their taxes. Whilst the platform does enable you sell to yourself under another account at sub market price, if you were looking to put through sales at a loss and not disclose the related party nature, you would be fairly dumb to put it through a third party platform that has a record of the trade and the parties involved......
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Post by dan1 on Aug 3, 2017 5:42:21 GMT
nick, appears that you've answered my question. Just be thankful it wasn't a four figure trade. Always remember, the price you're quoted isn't always the price you'll pay, you rely on a little luck with each trade. Gamble responsibly:)
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nick
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Post by nick on Aug 3, 2017 6:12:36 GMT
nick , appears that you've answered my question. Just be thankful it wasn't a four figure trade. Always remember, the price you're quoted isn't always the price you'll pay, you rely on a little luck with each trade. Gamble responsibly:) Well, at least I learnt a valuable lesson - you should always check your trades! Given the immaterial amount involved I'm happy to let the trade stand, but have written to Abl notifying them of the trade and urging them to address the issue by freezing bids/offers for some limited time whilst they're being quoted or preventing execution if there has been a prior trade......
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nw99
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Post by nw99 on Aug 3, 2017 6:45:57 GMT
When you buy or sell you have the price quoted there once then press the button that's the price . Great secondary market perfect for buying and selling .
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nw99
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Post by nw99 on Aug 3, 2017 6:47:09 GMT
ablrate , further to the concerns above - Proplend bar the Trading of the same loan parts from their standard to isa account, Landlordinvest manually approve all trades and FS had to overhaul their premium/discount range (which would penalise, say, the BHs that recently paniced about their car holdings). What measures do you have in place to ensure there is no tax cheating on your platform?? I'm not sure the onus should be on Ablrate to prevent members from cheating on their taxes. Whilst the platform does enable you sell to yourself under another account at sub market price, if you were looking to put through sales at a loss and not disclosed the related party nature, you would be fairly dumb to put it through a third party platform that has a record of the trade and the parties involved...... If the price is within the spread then there is no problem at all.
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david42
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Post by david42 on Aug 3, 2017 7:23:33 GMT
has anyone tried to transfer existing cash ISA to IFISA? i have read the FAQ and just want to be certain that i can transfer part of my cash ISA to IFISA on ablrate?? It is too early to try today but we should be able to do this next week. From the Ablrate ISA FAQ section:
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Aug 3, 2017 7:48:11 GMT
I think the T&Cs indicate partial transfers will be accepted. I cant check as they arent available on the main site and I cant get to the IFISA page as the site doesnt render properly on either of my mobile devices so the IFISA account switch button doesnt display even in desktop view ablrate leaving aside the failings of my electronics there needs to be access to IFISA info from the front page so that non registered users can investigate the offer without having to sign up. It's too buried at the moment bar a modest announcement. (maybe deliberate to control the rush)
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Post by ablrate on Aug 3, 2017 8:22:15 GMT
Oh yuck - do we really need a second email address? Sounds to me like it wasn't thought through properly Hi POM Its an administrator thing. We were very keen to use the same address but for reporting they wanted a separate address. Also, our system uses email as a unique indicator for a number of functions, so it could have got confusing for the poor old code. We could have made changes but it would have delayed the launch.
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Post by ablrate on Aug 3, 2017 8:27:34 GMT
Oh yuck - do we really need a second email address? Sounds to me like it wasn't thought through properly If you can't be bothered to set-up a separate email account and have a gmail account, you can make simple variations to your email address that which automatically connect to and re-direct to your gmail account without any set-up. The first way is just use an "+" annotation to create a different gmail address. The + can be put at the start or end of your main address prior to the @ and can be proceeded or succeeded by any text. Eg if your email address is john@gmail.com, then emails to john+peter@gmail.com, peter+john@gmail.com will automatically go to your account. I normally just use +1, +2, etc or the website name, eg myname+ablrate@gmail.com. All emails will automatically go to your Gmail account. Alternatively, as Gmail does not recognise dots within Gmail addresses, just insert dots into your address, eg if your gmail address is johnsmith@gmail.com, any emails to john.smith@gmail.com etc will automatically be received into your email account. The only potential issue of using an existing account with a substitute address is that you can't send emails addressed from the substitute address - could be a problem if support emails are tracked/linked to your email address (there is probably a easy way to spoof your address but I've never needed to do this to date). I did not know that - and just tested it and it works.... every day is a school day... now I wonder of we can code something..
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Post by dan1 on Aug 3, 2017 8:27:57 GMT
When you buy or sell you have the price quoted there once then press the button that's the price . Great secondary market perfect for buying and selling . Not always, see p2pindependentforum.com/post/203991/thread In short, if someone cancels their offer between the quote being displayed and your execute hitting the database then you may trade at a different price.
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Post by ablrate on Aug 3, 2017 8:55:20 GMT
When you buy or sell you have the price quoted there once then press the button that's the price . Great secondary market perfect for buying and selling . Not always, see p2pindependentforum.com/post/203991/thread In short, if someone cancels their offer between the quote being displayed and your execute hitting the database then you may trade at a different price. We are addressing that... the solution being if the prices changes you get a warning...
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Post by dan1 on Aug 3, 2017 9:01:35 GMT
Not always, see p2pindependentforum.com/post/203991/thread In short, if someone cancels their offer between the quote being displayed and your execute hitting the database then you may trade at a different price. We are addressing that... the solution being if the prices changes you get a warning... Good news. I'd be very interested to see the distribution of SM trades since the IFISA was launched.
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nick
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Post by nick on Aug 3, 2017 9:25:00 GMT
ablrateDoes the platform automatically prevent you from depositing more money into your IFISA account than your annual limit? I'm worried that at some point in the future when I'm switching between IFISA and normal accounts I will mistakenly deposit funds into the wrong account that will breach my annual allowance. I've already mixed up my accounts on a purchase so can easily imagine making a similar error when making deposits. If there is no automatic protection from deposits exceeding the annual limit, can it be easily remedied by reversing the deposit or reallocating it to the standard account without reporting to HMRC and associated drama?
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blender
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Post by blender on Aug 3, 2017 11:41:23 GMT
Can we move cash from our normal account into our new ISA account without having to pass it through our bank account?
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