How do you know whether its allowed? Presumably via Curve before they charged fees for free users, or your friend is just full of shit. Hi everyone, With some much cheap debt going about (0% interest on credit cards) one of my favourite things to do is to leverage myself by making all of my daily purchases on my credit cards and then using all of my cash to invest in shares. An investing subreddit focused on UK companies and news. Debit/Credit card* - we will refund the money to your card. As some have pointed out not every one will work? What are your top 5 picks / holdings as an investment manager? How does it work? However one of my friends claims to have funded his 212 account directly with a credit card. My credit rating thanks me. or from leaving it on a "0% Interest" card for 6 months? It doesn’t, it’s treated as a purchase. I just came here wondering the same thing as I was suspicious we're allowed to leverage ourselves like that! I had a laugh to myself when I technically purchased LLOY with Lloyds own money. What should I do if my withdrawal is missing after 3 working days? Can I fund my account using a business bank account? How to withdraw funds from my account? What firm do you work at? I haven't heard of curve before, although it looks cool. Do you charge any fees for withdrawing money? If you have used multiple cards, our system will select one of them to send your funds to. Also I've been looking at the 'money transfer' fees charged by the cards in case I need to transfer any gains back into my main bank account. In terms of deposit and withdrawal options, Trading 212 offers multiple choices like bank transfers, credit and debit card payments, Skrill, PayPal, Dotpay, Giropay, and Direct eBanking. Due to Revolut's restrictions and policies with other financial institutions and brokers, Revolut card payments are not always allowed. (Pattern Day Trading). Since Lloyds and Halifax are part of the same group, you'd assume I can use my Halifax credit card too right? Anyone caught any fees from First Direct for doing this? Did you get any fees at all? Debit/Credit card* - we will refund the money to your card. Note: When you have used various methods of payment to fund your account with us, we will send your money to your debit/credit card. Do you charge any fees for funding my account? More posts from the UKInvesting community. You'll be able to deposit funds from your Revolut account via bank wire. Note 2: If the deposits were mainly issued via bank transfers, and you'd prefer to have the funds allocated back to the same account, then please do not hesitate to reach us. Can I use AMEX (American Express) as a payment option? I have used a low-APR Lloyds credit card for some short-term investments and I haven't been stung by any fees. In addition I was wondering which credit cards specifically you funded your account with? What payment methods do you accept? Before I started using Bank Transfer (which I will add is a quick turnaround), I used my Lloyds Credit Card two or three times and paid it straight off. Does PDT apply to Trading 212? Both medium/long term investments and short-term speculation are welcome here. Funding Trading 212 account with a credit card. If you have funded your account using: If you have used multiple cards, our system will select one of them to send your funds to. Some allow it, some don’t! What are the available withdrawal methods? You can view the full list of payment methods by clicking here. Why did I receive only part of the requested withdrawal amount? My deposit is was refused. I don't post on the internet much and don't want to say anything that could be traced back to me! Why was my Revolut Debit Card deposit refused? For security reasons, we will send your withdrawn funds using the same payment methods you have used for funding your account. If you have funded your account using: Bank transfer - we will return your funds to your bank account. ♂️. Our team will review each inquiry, and a fair outcome will be provided**. How long does it take to withdraw money from my account? Does PDT apply to Trading 212? We do, however, support debit/credit card, ApplePay, GooglePay, Skrill, and bank wire transfers. Can I fund my account through someone else’s bank account or credit card? IG takes credit card deposits through PayPal without fees. Press question mark to learn the rest of the keyboard shortcuts. How long does it take to fund my account? Just out of curiousity which credit card are people using for this? I only did this when I was new to the platform, and I generally use my credit card for everything both digital and IRW and pay off at the end of the month. With some much cheap debt going about (0% interest on credit cards) one of my favourite things to do is to leverage myself by making all of my daily purchases on my credit cards and then using all of my cash to invest in shares. I did this with NatWest and they treated it as a cash advance and charged me a 3% fee. *If your debit/credit card has been cancelled you should send us a confirmation document from your bank at email@example.com, **Whenever possible & while complying with the highest AML standards, For security reasons, we will send your withdrawn funds using the same. I’ve done this multiple times. Haha I think I will keep my company's identity to myself. If you’re serious about this plan find a broker with better margin rates - the broker I use charges me the equivalent of about 1.25% per annum (posted daily of course) to finance my margin. Now I know that that is definitely off-bounds. I am rather incredulous about this, because I work for a big UK stock-broker and I know that we would never accept a credit card. Press J to jump to the feed. In fact, I am fairly certain that credit card companies make provision against this type of thing - 212 give their clients access a CFD account which I understand is classed as gambling! I'm considering applying for a 0% card but I will be very careful to ensure that there will be on cash advance fees. Thanks for that. you have used for funding your account. Why is my Google Pay/ Apple Pay card number different? Related articles. Can I use AMEX (American Express) as a payment option? I can confirm that this works, but it depends on the CC provider. Why is that? You can view the full list of payment methods by clicking here. Fellow UK investment manager here too! I think the stock market has got a few more acts in store for us this year and it would be nice to have more financial firepower to make use of the opportunities if/when they do happen, If anyone has had any experience using a credit card with their 212 account, or is an expert on credit card contracts, please share your thoughts here. Note: When you have used various methods of payment to fund your account with us, we will send your money to your debit/credit card. Are the payments made direct from the Curve card, or is it just "redirecting" payments from my credit card provider? I have almost no outgoings so it is extremely easy to pay off the credit card before the introductory rate runs out, and then hey presto I get another card! Can you manage my account or tell me what to buy or sell. We do, however, support debit/credit card, ApplePay, GooglePay, Skrill, and bank wire transfers. BUT if it is possible to fund the so called 'real money' account with a credit card (without getting slapped with fees and stripped of the 0% rate, reverting to 30% APR) then I would be EXTREMELY interested to know. Almost as a certainty it will get treated as a cash advance by your card issuer. Interesting. Trading 212 is an online CFD and FX broker established back in 2006 and currently authorised by the UK Financial Conduct Authority under Reference number 609146 (as Trading 212 UK Limited) and regulated by the Bulgarian Financial Supervision Commission (FSC) as Trading 212 EOOD, under Register number RG-03-0237.
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