EToro, trading212 etc

[Kerniki]

I’ve come a bit unstuck trying to buy stock with these two platforms

My trading account is Uk based and I’m mainly after Nasdaq stocks under advice from a group I’m with

Are there any apps / platforms that are better for this situation?

Tried buying ine stock the other day and although on there, I could only buy 500 fractional shares, which was useless!

My USA based advisor isn’t very useful on this matter..

[a311]

Being UK-based but following US-focused advice can get messy. Some brokers limit fractional shares or have high minimums, like your 500 fraction issue so it’s easy to get stuck.

Platforms like Interactive Brokers, DEGIRO, or Trading 212 usually handle US stocks better from the UK. IB lets you buy tiny fractions, which fixes the minimum share problem.

[greengreenwood7]

Not quite sure what the problem is?
fwiw - ibkr & tradestation def have accounts where you can hold USD and have access to the full range of US stocks (not fractional), and if you go for a US based/held account (ie/ regulated under US rules) you can trade stuff that you can't access in the UK such as umpteen ETF's.

[Kerniki]

Ok, i’ll give them a try, its 212 that i came unstuck with…

Thanks

[Douglas Quaid]

What was your issue when uou tried to buy?

[T6 vanman]

Obviously any financial moves need considered and maybe professional advise,

Personally I'd give T212 a solid 9.5/10 for their S&S ISA platform

[happytobealive]

greengreenwood7 said:

Not quite sure what the problem is?
fwiw - ibkr & tradestation def have accounts where you can hold USD and have access to the full range of US stocks (not fractional), and if you go for a US based/held account (ie/ regulated under US rules) you can trade stuff that you can't access in the UK such as umpteen ETF's.

I think IBKR also apply a restriction preventing UK residents from buying US ETFs (I think due to PRIIPs?). They do allow an exemption but you need to pass certain criteria, which is something like roughly £500k in liquid assets (although not necessarily with IBKR) and showing a certain number of trades over the previous 4 quarters.

[greengreenwood7]

@happy....

maybe IBKR changed things then, i had/have an acc with them, but not used it for ages as i also have a TStation acc which i preferred as at the time they offered crypto as well....
for sure as that one is US based there's no restriction on ETF's etc ( and i assumed that IBKR still had that ability/offering, but obvs my facts aren't up to date)

[Benbay001]

Kerniki said:

I m mainly after Nasdaq stocks under advice from a group I m with

Is no one going to dig a bit on this? What kind of group is this Kerniki? Are these people you have met personally?
I get added to "investment" groups all the time, but they are all pump and dump scams.

Kerniki said:

My USA based advisor isn t very useful on this matter..

How did you meet this advisor? It would be odd to enlist the help of a US based investment advisor as a Brit, unless its one of the "advisors" that they recommend you contacting through the scammy groups mentioned above.

Please exercise caution. (And could you also mention what you were trying to buy that wasnt allowed? For my curiosity's sake more than anything)

[Russet Grange]

Don't really understand the question, but you might see if Freetrade does what you need.

[jimmybell]

Benbay001 said:

basically what this guy said. your message rings huge alarm bells.

not knowing sufficient to successfully find a good platform, but taking 'advice' (which is legally questionable anyway) from a group to buy US single stocks.

all of the big platforms are generally fine. i don't think there's anything on trading212 stopping you buying US stocks, but you've not really shared any detail as to what exactly your issue with (in fact, the message reads like you're not that familiar, and rushing to find ways to trade based on some third party 'advice', but i may be wrong and reading in to this too much).

[asfault]

Benbay001 said:

Kerniki said:

I m mainly after Nasdaq stocks under advice from a group I m with

Is no one going to dig a bit on this? What kind of group is this Kerniki? Are these people you have met personally?
I get added to "investment" groups all the time, but they are all pump and dump scams.

Kerniki said:

My USA based advisor isn t very useful on this matter..

How did you meet this advisor? It would be odd to enlist the help of a US based investment advisor as a Brit, unless its one of the "advisors" that they recommend you contacting through the scammy groups mentioned above.

Please exercise caution. (And could you also mention what you were trying to buy that wasnt allowed? For my curiosity's sake more than anything)

i've just realised is this one of the people who have actually fallen for those bot scam posts
"help i keep losing money"

"you need an advisor"

"who do you reccomend"?

"i use karen mcobvious scammy scam"


"oh i have heard of her how do i contact her"

"whatsapp 329425uo5u5uwonmn get in touch

[Kerniki]

Thanks for concerns

My advice comes from these guys https://ramgroup.com/about-us/about-ram/

they seemed pretty bonafide after due diligence a couple of years ago and theyve proven themselves with results that are sitting in my account now.

The stock i was interested in was restricted on 2 of the platform i normally use but a new account with robinhood solved the situation, all good again

[Tye Green]

I've no personal knowledge of some platforms but have heard that the spreads are very large and that's how they trap the unwary.

if I'm wrong on that someone might say so but if I'm correct hopefully someone will confirm it so those using such platfroms are suitable informed.

[greengreenwood7]

Go on then Kerniki - i'm intrigued, what was the stock that the former brokers didn't have access to?

[Kerniki]

Thanks for the pointers guys, got me playing again

[Kerniki]

Thanks for the pointers guys, got me playing again