travolta
Member of DD Central
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Post by travolta on Jul 16, 2024 17:02:04 GMT
Does anyone here use this or have any comments please?
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IFISAcava
Member of DD Central
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Post by IFISAcava on Jul 16, 2024 17:18:34 GMT
Does anyone here use this or have any comments please? works well, cheap, interface not always the easiest but fine once you get your head around it, and UK regulated. I use it for ISAs but I wouldn't go over the FCA £85K limit as it's still small. use a referral link to open an account for a free share - referrer and referee both get one.
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Post by gramsky on Jul 16, 2024 18:09:41 GMT
I transferred £20k into an ISA from elsewhere and took the 5.2% interest rate and still have opportunity to speculate on the market. It is as good as a cash ISA (nearly) if you don't buy shares, but you have the option to do both.
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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 Jul 16, 2024 19:37:29 GMT
I transferred £20k into an ISA from elsewhere and took the 5.2% interest rate and still have opportunity to speculate on the market. It is as good as a cash ISA (nearly) if you don't buy shares, but you have the option to do both. I think they are a number of features that make T212 ISAs better than a normal cash ISA but Im still experimenting just to check the accounts work how I think they do.
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dead-money
Rocket to the Moon
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Post by dead-money on Jul 17, 2024 7:58:57 GMT
travolta Trading 212 offers a range of accounts so depends what you are looking at.
No SIPP yet.
They are profitable and have been in UK market for a few years.
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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
Posts: 11,181
Likes: 11,372
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Post by ilmoro on Jul 17, 2024 9:24:48 GMT
Stocks ISA is supposedly flexible itself ... but otherwise functions as such in conjunction with the Cash ISA as both under same umbrella so money can be shifted between two
FSCS protection - on cash is derived from underlying banks holding deposits (T212 is not a deposit taker or e-money institution) so will form part of £85k for those institutions. Need to watch combined level if other products held at those banks (T212 shows where the money is held). Cash in stocks accounts doesnt have same protection for funds held in QMMFs so slightly higher risk. T212 has own FSCS for shares but some derived from custodian Interactive Brokers so again need to watch combined level if other products
General investment account also pays 5.2% on GBP, other rates on other currencies ... FSCS protection as above
Debit card available for general account- virtual (physical for one-off fee) ... 1.5% for first 3 months, 0.5% there after.
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dead-money
Rocket to the Moon
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Post by dead-money on Jul 17, 2024 11:58:24 GMT
derived from custodian Interactive Investor Interactive Broker, different company.
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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
Posts: 11,181
Likes: 11,372
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Post by ilmoro on Jul 17, 2024 12:07:23 GMT
derived from custodian Interactive Investor Interactive Broker, different company. Ah, yes ... interaction between brain & fingers broke 😁
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