I already use IG for options trading, keeping it in the family…
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no growth in the last 6 months in the number of users…
I start to think that the sale to IG for £160m was a genius move…
Hi all.
I’ve been using T212 for the last few days to assess whether I want to transfer my FT ISA before the new tax year.
One thing I have noticed when buying my usual ETF VWRP is that T212 shows the purchase as OTC rather than directly with the exchange like FT. Is there any additional risks or considerations I need to be aware of with this approach, as I’m not that familiar with OTC despite reading up on it. As I understand it you are effectively buying / selling from other users if that is the best price.
Thanks
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Looks like 212 has dropped their interest on cash as expected. Dropped to 4.5/4.6% variable
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Yes, they have, email went round today!
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I wonder if you have researched an answer to your question. I’m also moving to 212 and usually buy my long-term ETF VWRL. As far as I am aware its trading with other users who are selling their ETF but I note on Vanguard’s site that it no longer accepts purchases and transfers in of most over-the-counter (OTC) securities. Clients can continue to hold and sell their existing positions in these securities. (Does this apply to UK version?)
Hi,
I received some answers to my question here, but I’m still not entirely sure if this method will now be restricted. This is a concern for me so I’m holding off until I understand the implications more.
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Have you managed to find out anymore information as part of your research?
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I found this website very handy when comparing broker options, especially the detailed insight into safety of your assets.
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Out of interest has your transfer to T212 been completed yet? Has it been straightforward. Thanks
No, I am still waiting. It has now been 5 weeks, I’ve had a couple of emails from Freetrade over that time asking me to reconsider my decision and if I still wish to proceed with the transfer.
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Don’t change your minds any of you, Just go if they want us let them pay us more for our shares.
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Looks like you aren’t alone, most people saying 8 weeks for transfers as T212 appear to be busy with transfers from FT and Vanguard. Hope it goes through soon.
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Hi. Did your ISA transfer go through without any issues in the end? Thanks
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No it didn’t. Apparently Freetrade and T212’s systems for the tranfer of VWRL are not compatible so T212 cancelled to it.
Wow that’s a surprise! I wonder if the same applies to VWRP. Thanks for the update.
Dunno. But you would think that simply moving a very popluar ETF like VWRL should be pretty simple but what do I know 
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Shocking really. I’m wondering if Invest Engine would be the same. Feels like selling out and transferring as cash might be the easiest and quickest way now.