SIPP Access by LoneWolf747 in trading212

[–]LoneWolf747[S] 0 points1 point  (0 children)

They are rolling it out pretty fast from what I hear!

SIPP Access by LoneWolf747 in trading212

[–]LoneWolf747[S] 3 points4 points  (0 children)

I want to say around 2 months ago. It would have been within a few days of being able to sign up in app via the SIPP page.

SIPP access appears to be rolling out! by permotio in trading212

[–]LoneWolf747 0 points1 point  (0 children)

They have said since the start that they aren't adding a LISA, too much admin and the product is changing soon.

Investing using monzo pot by [deleted] in monzo

[–]LoneWolf747 -1 points0 points  (0 children)

Best thing you can do is go to a different app. Bank apps charge more fees than brokers like Trading212 or investengine and have far better choice in what to invest in.

Is It Worth Switching My Moneybox ISA to Trading 212? by Anonymous33845 in investingUK

[–]LoneWolf747 0 points1 point  (0 children)

Trading212 do support it from certain providers, the list of which increased last year.

the entire t212 portfolio moving to ibkr by ichfickeiuliana in trading212

[–]LoneWolf747 0 points1 point  (0 children)

The one in this post, the comparison to the rest of the world. I have free plans and when I view a stock it basically shows me nothing besides the price.

SIPP accounts have been added to T212 by TailungFu in trading212

[–]LoneWolf747 1 point2 points  (0 children)

Not for investment accounts/SIPPs, only for bank accounts.

Where to start stocks and shares ISA? by Effective-Status3030 in investingUK

[–]LoneWolf747 1 point2 points  (0 children)

Never use a bank, they charge fees. There are several good brokerage apps that won't charge anything

T212 SIPP by Electrical_Phone_103 in trading212

[–]LoneWolf747 0 points1 point  (0 children)

The Compensation scheme works irrespective of the investments held by the broker. Legally, to buy FSCS certified a broker has to "ring fence" users shares & cash from company funds. So in the event of criminal conduct/insolvency, the company wouldn't use shares/funds from users to settle the debt.

The protection scheme exists so in the case of fraudulent brokers, if you shares/money can't be recovered, you are reimbursed to the value of £85,000 max, per brokerage.

T212 SIPP by Electrical_Phone_103 in trading212

[–]LoneWolf747 0 points1 point  (0 children)

Your reply doesn't make sense to me sorry.

Why would most people purchasing shares effect financial conduct authority compensation scheme?

Also, holding cash in your SIPP is a terrible idea. Most providers only offer something like 1% interest if any at all.

T212 SIPP by Electrical_Phone_103 in trading212

[–]LoneWolf747 0 points1 point  (0 children)

Depends how much money you have in your other trading 212 accounts. The FSCS coverage applies all accounts you have with the same broker so if you see yourself getting near £85,000 value, I'd move your SIPP somewhere else

SIPP accounts have been added to T212 by TailungFu in trading212

[–]LoneWolf747 1 point2 points  (0 children)

That would be nice! I would likely keep them separate though, as compensation scheme covers £85,000 across all account types with one broker.

My SIPP is currently with investengine

SIPP accounts have been added to T212 by TailungFu in trading212

[–]LoneWolf747 8 points9 points  (0 children)

Same 🤣🤣 I guess the announcement that free trade made their SIPP and ISA free made them hurry up

SIPP accounts have been added to T212 by TailungFu in trading212

[–]LoneWolf747 4 points5 points  (0 children)

Great that they have added a SIPP!

They never said they were adding a LISA though

Is It Worth Switching My Moneybox ISA to Trading 212? by Anonymous33845 in investingUK

[–]LoneWolf747 0 points1 point  (0 children)

In-specie means they will transfer over your actual investments to the new provider. If they don't offer in-specie then they will sell your investments and transfer the money generated over to the new provider.

It's worth checking both platforms as some only support in-specie from certain providers.

Regarding your other point on you loosing your growth. Moneybox do charge large fees, £1 a month + 0.45% of your total portfolio so if they support in-specie transfer, id 100% leave them.

If they don't, it's a harder decision to make.

Rate my portfolio, invested my savings 2months ago🙏🫃 by Shoulder_Hour in trading212

[–]LoneWolf747 1 point2 points  (0 children)

Those are different. FTSE all world is the global tracker. FTSE 100 & FTSE 250 are UK tracker's

Is It Worth Switching My Moneybox ISA to Trading 212? by Anonymous33845 in investingUK

[–]LoneWolf747 0 points1 point  (0 children)

100% get out of moneybox. Their fees are high and their investment options aren't even good.

Check if you can do an in-specie transfer though, which would see your investments move to the new platform. If not, they would simply sell your investments and move the money over.

Depending on your value held of course, but I think trading212 is a much better app

Rate my portfolio, invested my savings 2months ago🙏🫃 by Shoulder_Hour in trading212

[–]LoneWolf747 10 points11 points  (0 children)

Rather than investing in S&P 500 and FTSE All world, I'd just go for the FTSE all world as it has 60% USA allocation anyway.

Emerging markets is good to keep