Donât shoot the messenger,but what I will say is if T212 were being deceitful then they would be in serious trouble with the regulator! Are you sure you are not looking at things through Freetrade tinted glasses
Itâs just what it is. Interactive brokers donât hold assets, their custodians do. 212 elude to this when they say theyâre ringfenced. They just donât tell anyone who actually has them specifically.
FYI Freetrade also donât hold your assets (I think thereâs one exception when thereâs a lending transfer or something like that) difference is you know who owns them and holds them
I think ringfenced is in relation to separate from 212s accounts, like where they say if we go bust blah blah blah, donât think theyâd be able to just openly lie about what broker holds your assets? Have you any proof of these claims?
I suppose I could go dig it all out again. but that just how it works. borkers do not hold assets so that assets cannot be used by administrators. id give the benefit of the doubt that 212 are not leaving your assets with another broker because then youâre assets are at risk.
similarly, if you look at how IB run their business, they do not hold assets. as mentioned if you have an account with IB, youâre assets are held by interactive brokers nominees (UK) limited etc.
if you believe that 212 are allowing another broker to hold you assets directly, leave.
New account, Brian/Juno/Muhammed?
Interesting article
Robinhood rival
Havenât seen posted but relevant given the recent hire. Looks like theyâre raising on Crowdcube.
And they are advertising their llinks to Freetradeâs former employee.
Lol, canât wait for 212 to offer options, if they donât yet.
So many brokerages, winner will be the one that offers all in one place for whole family.
ISAs both cash and S&S (all types), SIPS, ETFs, Funds, options and a metal card to top it off.
Also have free rewards program like banks do etc. And confidence that a brokerage is sustainable so that one doesât have to move things around, life is complex as it is.
Robinhood to launch margin trading in UK expansion drive
Vlad Tenev, co-founder and chief executive of Robinhood, told the Financial Times that margin trading was âlaunching in the next couple of weeksâ and that the company was also âlooking to offer Isas and Sippsâ, as it seeks to entice British customers to use the platform and widen its appeal from day trading.
https://www.ft.com/content/8d68a874-f646-44f5-b456-d1d7defc563e
Freetrade better up there game now and start listening to us margin trading I would definitely use, I wanted ft to offer this but for gilts longer term bonds but as always we will let the development team know
Now that freetrade has moved on from targeting young, inexperienced investors, I donât see a reason for continuing to avoid offering more sophisticated products like margin trading and options
Agreed. FT used to have a bit of a âhigh-and-mightyâ attitude to leverage etc though it was reasonable given the beginner clientele.
Now FTâs maturing, it shouldnât rule out these sorts of potential revenue streams.
robin hood will do options, but as I was told its the famous uk government is the one who hates people making money, FT should offer margin for bonds or even stocks. so we dont have to always sell to use our money when needed, as im waiting for gilts from FT, im looking to lock away a good amount , and if things changed I would be happy to borrow 5% to sort out anything life throws at you, also wondering if there will be a Christmas list this year and if it will ever get completed
im wondering if you can borrow money on your pension with margin, ill have to ask robinhood if so my other pension is moving asap.