The T212 spreads in the ISA (and Invest) are raw, so there’s no markup or widening at all. So the ASK (buy) and BID (sell) are exactly what they are.
It doesn’t charge either on buying foreign currency so again it’s the raw GBP into say USD or EUR. When you buy foreign stocks it actually helps show what the gain/loss is from the stock and what the FX impact is (so if the pound has gained or weakened against it).
T212 is profitable by transparent sharing lending in Invest side and via the CFD platform fees. The CFD does widen the spread, charges 0.5 FX and you pay swap fees for holding overnight. It’s used for day trading and allows you to take a short position (you think the stock will go down). I would actually recommend another platform called CMC instead if you ever try it. But I would strongly recommend using the practice mode and nuking that a few times when playing with leverage. If you are new to investing it’s not worth looking at CFD when you start out. Stick to going long in ISA/Invest with your own funds, and avoid going short until you really get to grips with it.
T212 made a post just the other day that the Invest/ISA side is profitable which is ace.
If or anyone wants to say hi I’m here on the forum. I’m not staff or connected with T212 just an enthusiastic customer who likes investing and hopefully getting very rich in the process!
