Trading212 Euro Rates

Trading212 have put 40 million into new Irish entities. There are now 2 Irish entities.

www.businesspost.ie

Trading 212 pumps €40 million into new Irish subsidiary

www.businesspost.ie www.businesspost.ie

Online trading platform Trading212 has invested nearly €40 million into an Irish subsidiary established last year, new company filings reveal.
According to a number of financial documents filed with the Companies Registration Office (CRO), Trading 212 Group Limited, the firm’s UK parent company, made the investment in Trading 212 Markets (Ireland)
Click to expand...

Not clear what these new entries mean for customers yet. New customers are not currently registered under the Irish entities.
 
Given my cash says it's held within J.P. Morgan Bank, does that mean it's currently protected under their 100k Deposit Guarantee Scheme?
 
WaffleNinja said:
Given my cash says it's held within J.P. Morgan Bank, does that mean it's currently protected under their 100k Deposit Guarantee Scheme?
Click to expand...
Not according to the best buys list?

Best Buy - Instant Access & Notice Deposit Products

Euro Lump Sum Instant Access & Notice Deposit Products Available for Irish Residents - 10 Categories: Last Updated: 29 August 2026 Current ECB Deposit Rate: 2.25% 1. Lump Sum Instant Access & Notice Savings Products: Excluding Products with Fees Excluding Promotional Rates Excluding Pure MMF...
www.askaboutmoney.com
 
WaffleNinja said:
Given my cash says it's held within J.P. Morgan Bank, does that mean it's currently protected under their 100k Deposit Guarantee Scheme?
Click to expand...

It's very complex:
  • If you are an EU customer, and registered under the old entity, you get 20k investor protection via Cyprus.
  • If you are an EU customer, and registered under the new entity, you get 90% of the first 20k investor protection via Germany.
  • If you are an EU customer, you get 100k protected per bank per person with the portion of your deposit held at the partner bank. To be clear, only a portion of your deposit is held this way and it fluctuates day to day.
  • All customers have zero protection from a QMMF dropping in value. But this is very unlikely. A portion of your deposit is in QMMF.
I will add more detail in the best buys.
 
So i'm a new EU customer, and my cash says it's 100% in JP Morgan Bank, which is not a QMMF. I'm still unsure whether i've 90% protection on the first 20k, or 100k protection from JP Morgan Bank
 
WaffleNinja said:
So i'm a new EU customer, and my cash says it's 100% in JP Morgan Bank, which is not a QMMF. I'm still unsure whether i've 90% protection on the first 20k, or 100k protection from JP Morgan Bank
Click to expand...
You've 100k protection as long as it stays in JP Morgan Bank, but T212 can move it and don't guarantee it will forever be held in JPM.
 
Did the same, closed and reopened a new account. Used a different email address not sure if that mattered or not but as others mentioned no problem at all.
 
My funds are now split between J.P. Morgan (bank), Helaba (bank) and JPMorgan Liquidity Funds (QMMF) making up about 25% of my fund. QMMFs are not under the Deposit Guarantee Scheme, so that portion of my fund is more risky, and not guaranteed. Just FYI for those invested
 
WaffleNinja said:
My funds are now split between J.P. Morgan (bank), Helaba (bank) and JPMorgan Liquidity Funds (QMMF) making up about 25% of my fund. QMMFs are not under the Deposit Guarantee Scheme, so that portion of my fund is more risky, and not guaranteed. Just FYI for those invested
Click to expand...
Same here.

From the FAQs:

Where your money is held in bank deposits, it is protected by the applicable deposit protection schemes of the respective banks, such as the Entschädigungseinrichtung Deutscher Banken GmbH (EdB) for German private banks, Deutscher Sparkassen- und Giroverband (DSGV) for savings banks, and Bundesverband der Volks- und Raiffeisenbanken (BVR) for cooperative banks.


Money placed with a QMMF is treated as an investment and not as money held with a bank. In the unlikely event that the QMMF fails to maintain their low-risk strategy, as with any investment, the protection will not be available. We carefully select all QMMFs to ensure that they are highly liquid, stable in value and maintain their highly regulated status.
Click to expand...
 
Brego888 said:
I followed this advice too a few months ago but they wouldn't accept my attempts to reopen a new account
Click to expand...
As in you were effectively banned? Or they allowed you to keep your existing account?

I'm tempted to close mine and reopen to get the 3.5% but it's not really clear if it's allowed or not.
 
Banned. Not sure what I did wrong as other people have closed and reopened an account. Complained in their support section but they wouldn't give me a reason for not allowing me open another account. Tried different emails and other forms of ID but I've been blacklisted!
 
VOOVOO said:
As in you were effectively banned? Or they allowed you to keep your existing account?

I'm tempted to close mine and reopen to get the 3.5% but it's not really clear if it's allowed or not.
Click to expand...

This is the email I received when I closed my T212 account.

Screenshot 2026-08-26 153133.webp
 
You must log in or register to reply here.
Back
Top