Nomad
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Post by Nomad on Aug 6, 2020 7:55:42 GMT
STAKE is another alternative - hellostake.comThey also have a free share offer.
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elliotn
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Post by elliotn on Aug 7, 2020 7:34:25 GMT
eToro, Revolut (bit of gold & crypto too) but looks like Robinhood UK currently isolating.
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cwah
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Post by cwah on Aug 12, 2020 10:51:42 GMT
STAKE is another alternative - hellostake.comThey also have a free share offer. So rubbish. I did it... - I had to do a £50 transfer minimum via their partner who takes 2% commission to convert to US dollar. - Then they gave me a Gopro share worth £4... Not worth it.
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Post by elephantrosie on Aug 14, 2020 17:32:47 GMT
thanks cwah for sharing your experience. on my to do list to set up an account there for a free stock. not going to do that now.
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k6
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Post by k6 on Aug 14, 2020 18:34:33 GMT
I opened an account a few days ago... my free share was in Under Armour, valued at £11.49 at time of issue. I received under armor as well. The $100 share is a lie 🤣 My one was £7. I think the wording UP TO 100 is quite crucial here . Wonder if someone received a free share at least close to a half of the advertised price
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IFISAcava
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Post by IFISAcava on Oct 2, 2020 7:21:17 GMT
T212 now asks for permission to lend out your stocks in the Trading Account. If you refuse they wont let you keep the account. They don't lend out your stocks in ISA account (I don't know for sure but probably regulatory issue)
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IFISAcava
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Post by IFISAcava on Oct 2, 2020 7:37:46 GMT
Also of note is that Freetrade is moving to the promised "freemium" pricing - only certain etfs (eg Vanguard, iShares) will be available in the no-subscription, no-commission model, whereas additional etfs will require a monthly subscription fee (£10 or so - so similar to ii, though with unlimited trades as opposed to ii's 1 commission-free trade and 25 regular contributions). ISA already has an additional monthly fee (£3). Actually makes me a bit more relaxed as one can better see where the income is coming from.
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Post by martin44 on Oct 9, 2020 20:47:55 GMT
trading212 states they are covered by the FSCS 85K COVERAGE... anyone know if this is correct? i cant seem to verify this anywhere.
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iRobot
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Post by iRobot on Oct 9, 2020 20:58:50 GMT
trading212 states they are covered by the FSCS 85K COVERAGE... anyone know if this is correct? i cant seem to verify this anywhere. Hmmmn... this link (if it works) suggests otherwise. However, are they just claiming that funds held on account (rather than somehow invested) are covered? Normally, Client Account(s) will be in segregated bank accounts and it maybe those funds that are covered by FSCS.
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Post by martin44 on Oct 9, 2020 21:03:59 GMT
trading212 states they are covered by the FSCS 85K COVERAGE... anyone know if this is correct? i cant seem to verify this anywhere. Hmmmn... this link (if it works) suggests otherwise. However, are they just claiming that funds held on account (rather than somehow invested) are covered? Normally, Client Account(s) will be in segregated bank accounts and it maybe those funds that are covered by FSCS. Yes the link does work... thanks, and is worrying, what is more worrying is this seems to be a UK entity covered under fcs ,,,
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mrk
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Post by mrk on Oct 9, 2020 21:11:38 GMT
trading212 states they are covered by the FSCS 85K COVERAGE... anyone know if this is correct? i cant seem to verify this anywhere. Hmmmn... this link (if it works) suggests otherwise. As I read it, that link just says you can't currently apply for compensation, which is not surprising given that you can only apply once a firm "has failed and is unable to return your money itself"?
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Post by martin44 on Oct 9, 2020 21:20:26 GMT
Hmmmn... this link (if it works) suggests otherwise. As I read it, that link just says you can't currently apply for compensation, which is not surprising given that you can only apply once a firm "has failed and is unable to return your money itself"? How the F*** is this allowed?
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mrk
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Post by mrk on Oct 9, 2020 21:28:02 GMT
As I read it, that link just says you can't currently apply for compensation, which is not surprising given that you can only apply once a firm "has failed and is unable to return your money itself"? How the F*** is this allowed? From what I understand, the FSCS has a list of firms that have failed or are under investigation, and only accepts claims for those. There may be a separate procedure for reporting a new firm that should be investigated I guess. As for Trading 212, there's this entry in the FCA register.
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IFISAcava
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Post by IFISAcava on Oct 10, 2020 11:30:56 GMT
I don't see the problem here - it has FSCS protection, which should cover up to £85,000 of losses in relation to certain activities if the firm went bust. Understanding what activities may be protected is less easy to decipher - see this Monevator post. It is a bit out of date though, so if anyone has something more recent I'd be interested to read it. monevator.com/investor-compensation-scheme/
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IFISAcava
Member of DD Central
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Post by IFISAcava on Oct 10, 2020 11:31:39 GMT
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