Damien Talks Money's video: What has happened to Trading 212

Trading 212 is one of the best investing apps in the UK. But no new customers have been able to sign up for around 6 months... Why?! Customer have been asked to sign up to a waiting list but when will the wait end? Well in the last week or so news has emerged that Trading 212 is now allowing customers in Europe to onboard, but the message for UK customers is still frustratingly 'be patient' I reached out to trading 212 and asked them about what's going on and in this video I cover my thoughts and theories and their responses. I must stress everything in this video is pure speculation and does not constitute fact. Trading 212 waiting list: https://community.trading212.com/t/join-the-waitlist-to-open-a-new-account/44912 Freetrade free share https://magic.freetrade.io/join/damie...​ Blockfi Referral. This is an affiliate link so we both get something if you sign up. https://blockfi.com/?ref=a72f9d31 Would you like some free bitcoin? https://coinbase.com/join/jordan_53q?...​ Just a heads up, you will need to deposit £75 in order to get the £7 All of the above are affiliate links which means you get something but so do I if you sign up. Links from the video Cysec https://www.cysec.gov.cy/en-GB/home/ Impact of brexit on Insurance. https://www.locktoninternational.com/gb/articles/brexit-implications-corporate-insurance-policies Company that stopped letting new people register https://www.thetradenews.com/tp-icap-no-longer-able-to-service-all-eu-clients-as-pandemic-delays-paris-brexit-move/ Daytrading.com overview of Cysec https://www.daytrading.com/cysec FCA restrictions on CFDs https://www.fca.org.uk/news/press-releases/fca-confirms-permanent-restrictions-sale-cfds-and-cfd-options-retail-consumers 212's reply to me. 1. Regarding the part where you mention the communication from our side, I believe that you are referring to one of our community posts. a) While this isn't the only real communication (this post, this post, as well as Help Centre articles, such as this one), we believe there is room for improvement. But as we have previously pointed out, the priority was shifted to existing customers. Existing customers have access to real time live chat with real humans who attend to their inquiries, in addition to email customer care; 2. Regarding the permanent FCA restrictions which were established: a) ESMA introduced the restrictions during 2018 as temporary and in 2019 they became permanent; b) While the whole segment about the restrictions by regulators isn't strictly or highly related to the topic, Trading 212 decided to take the Invest route years earlier; 3. Regarding the new broker entity - Trading 212 Markets Limited.: a) As referenced in a community post and in a Help Centre article, the reason we introduced Trading 212 Markets Limited is Brexit-related, and the set-up process began well before 08/04/2021, when the entity was formally registered; 4. Regarding CySec: a) As for CySec being referenced as a lenient regulator - we cannot agree. While many regulators have recognised binary options as financial instruments in the past, Trading 212 has never even considered providing them as a service. Therefore, this would not bear any significance. As a side note - other highly reputable and reliable brokers are also registered under CySec as part of their overall global strategy; 5. Regarding the account registration pause: a) While we do understand where you are coming from with this, it is also not unprecedented for trading apps to temporarily close their doors and introduce waiting lists. The pandemic of 2020 spurred an influx of new investors that have caused some popular brokers in Europe to close doors for months, similarly to Trading 212 in 2021; b) This influx of new investors, driven in part by the pandemic itself, and by meme stocks as well, was several orders of magnitudes greater than what we saw during last year's pandemic when everyone was cooped up at home.