Trade Republic
- Thread starter skjom24
- Start date
German online brokers suffer technical glitches as stocks plunge
The German online brokers Trade Republic and ING said on Monday that they had suffered technical problems due to heavy trading but that the glitches had been resolved.The issue arose as stocks in Germany and elsewhere suffered big drops as investors grappled with the possibility of a recession afte…
www.tradingview.com
BIG-notorious
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A lot of people selling at the first opportunity this morning I'd imagine.
Berkshire Hathaway had dropped so far so fast when I checked my Trading212 account I though Warren Buffet had died during the night. He seems to be alive and well (and explicitly denying expressing any support for the recent events which have caused investor panic).
Berkshire Hathaway had dropped so far so fast when I checked my Trading212 account I though Warren Buffet had died during the night. He seems to be alive and well (and explicitly denying expressing any support for the recent events which have caused investor panic).
I was buying at the first opportunity - best price I’ve gotten in over a year!
The app was a bit sluggish, but the order went through fine - and all has been working normally for hours now.
Cash deposits in TR are held in big partner banks, as they describe in their docs. JPMorgan, HSBC, Citi - and are all covered by the DGS in Germany, like any other bank there.
BIG-notorious
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I'll be buying on schedule later in the week.
I see Nasdaq 100 has gone from 3.5% in the red to 3.5% in the green over the course of half an hour- and then bounced down & back up 1% literally as I was typing that!
random2011
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US tech stocks appear to have slight gains in the last few minutes. I'll be in for the long course.
Mmm. If their systems were overstretched last week by a heavy volume of trading, it wouldn't be astonishing if they are also overstretched this week when there is another heavy volume of trading.
They offer a very modestly-priced brokerage service, and I guess part of the business model must involve keeping their own costs to a minimum. Customer support is supposed to be poor — I have no experience of it myself, but I have heard this said — and it wouldn't amaze me if their IT systems didn't have the same amount of spare capacity, backup options, etc as some others. Hence they might be more prone to not performing well at times when they are stretched, like now.
They offer a very modestly-priced brokerage service, and I guess part of the business model must involve keeping their own costs to a minimum. Customer support is supposed to be poor — I have no experience of it myself, but I have heard this said — and it wouldn't amaze me if their IT systems didn't have the same amount of spare capacity, backup options, etc as some others. Hence they might be more prone to not performing well at times when they are stretched, like now.