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Wednesday, December 7, 2022
HomeTipsAlternate options to Trading212 after they cease GME & AMC buying and...

Alternate options to Trading212 after they cease GME & AMC buying and selling

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Following Robinhood’s instance, Trading212 additionally stopped permitting their customers to purchase shares in GME and AMC simply when the ‘little guy’ had the higher hand over the hedge funds. 

We wrote about how that call from Robinhood was unacceptable, and the identical is true for Trading 212. Here are some Trading212 different apps for these customers who need platforms that don’t prohibit their trades.

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Trading 212 hides behind claims of ‘mitigating risk’ for customers

In an announcement on their assist centre Trading212 gave a sign that these sorts of buying and selling restrictions may be considerably of a brand new regular:

Order execution of shares with extremely heightened buying and selling exercise similar to GameStop and AMC Entertainment would possibly face sudden and unexpected circumstances.

On a neighborhood discussion board a Trading212 worker defined that the platform is just “mitigating risk for our clients.” 

Pull the opposite one, it’s acquired bells on.

Trading212 options (UK/USA) to commerce GME, AMC, BB, & NOK

For these of you that don’t need such “sudden and unforeseen circumstances” to permit Trading212 to resolve what occurs to your trades, listed here are different platforms you’ll be able to transfer to and proceed buying and selling AMC, BB, GME and NOK inventory. (At the time of writing)

1. eToro

One of the most well-liked buying and selling apps in Europe, eToro allows share dealing and CFD buying and selling in all kinds of property – together with GME and AMC inventory.

Register right here >

2. Fidelity

Fidelity Investments was one of many most important platforms which customers from r/WallStreetBets have been initially inserting trades. It remains to be accepting orders of all shorted shares.

Register right here >

3. Capital.com

Capital.com is a widely known buying and selling utility. Users can commerce utilizing over 3,000 international markets and may proceed to commerce GME, AMC, BB, and NOK on its intuitive interface.

Register right here >

Well, these are our Trading 212 different solutions. If you need extra, check out these opinions.

More on Trading212’s resolution to dam legit trades

To get a clearer image of what has been happening for the previous couple of days, take a look at our GME worth web page and also you’ll see how on a regular basis traders managed to show the market on its head.

People all around the world have turned to Twitter to vent their frustration at Trading212, and what actions like this would possibly imply for the inventory market extra usually.

In the U.Ok. buying and selling 212 has restricted us from shopping for. They are the Robinhood of Europe.

— Pete C (@Crosspjc) January 29, 2021

There is already a petition with hundreds of signatures circulating to get Trading212 to compensate customers who misplaced cash attributable to these buying and selling restrictions.

It is our hope that platforms similar to Trading212 and Robinhood will face penalties for appearing on this means, and that different buying and selling platforms proceed to permit free markets to operate – even when the hedge funds are shedding.

Copy knowledgeable merchants simply with eToro. Invest in shares like Tesla & Apple. Instantly commerce ETFs like FTSE 100 & S&P 500. Sign-up in minutes.

10/10

68% of retail CFD accounts lose cash

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