easy to miss with my rambling "style" but i do mention that at 10:13. i was under the impression it's not just them going bust that loses your cash but also they would need to fail to segregate your assets. i'll check... yeah quote below... "As a regulated investment firm in the UK, Trading 212 is a member of the Financial Services Compensation Scheme (FSCS). The FSCS is the UK's compensation fund of last resort for customers of authorised financial services firms. This means that in the unlikely event Trading 212, Interactive Brokers or the bank holding your client funds were to go into liquidation, and if there was a failure to safeguard your assets, the value of your client funds and client assets held with Trading 212 is protected by the FSCS up to a maximum of £85,000. This means that your client assets and funds up to that limit will be returned to you, minus the administrators' costs in handling these. You can learn more about how the FSCS operates here." i was hoping the MMF they use to give you interest would also be a segregated fund and also have you covered up to £85k as it mentions here in the case of them failing to do that.

@@ukamateurinvestordiary6620 Ordinarily, uninvested cash held in T212 earns no interest - you actually have to opt-in to earn the 5.2% interest. The opt-in effectively gives T212 the right (but not the obligation) to place your cash in a QMMF which instantly takes it out of the FSCS protection, since it’s the same (but of course much less risky) as having your money temporarily parked in Apple shares. In other words, it’s as safe as investing your cash in a MMF (most people’s pension do this) but not as safe as holding your cash with a bank. “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.”

yeah, so it's in a fund which is covered by the second paragraph that i quoted above. it should be segregated if T212 go bust but if they go bust and have been naughty with the segregation we're covered. the fund itself doing badly is what you're talking about and i reference that at 10:13 so i thought i had you covered on that one.

david, i don't know what youtube is doing here but your second comment is not showing up on the video even though i approved and hearted it. it did the same with another reply i got too. i just don't want you to think i deleted your comment. i can't work out how to make it show.

yep, for me it's all about the cost. i can made do with a crappy interface if it saves me money. i guess if 99% of your criteria is cost then maybe "best" is still true even thought the other 1% is gets a low score it's a tiny proportion.

...and celebrations!

i wasn't aware of that. all i can do is tell you what i do. if it is right or not i don't know. i collect all of my tax information and put it into a spreadsheet every year. dividends, capital gains realised etc. outside of tax wrappers. i then go to HMRC website and fill in their questionnaire about whether i need to do a tax return. each year recently it said i do not have to. i think if my interest earned outside of tax wrappers had gone above the threshold the website would tell me to fill in a tax return and that return would have told me to pay tax on it. i'll try to link it...

hopefully the link works... www.gov.uk/check-if-you-need-tax-return

i think it's the same for all brokers but the link below explains it. a lot of people feel more comfortable with older more established brokers as the last paragraph in the link below outlines the worst case scenario which some feel is more likely with an upstart charging low fees like T212. this is why i think i am going to keep my amount invested with T212 below that £85k FSCS protection amount. at least for now. the majority of my investments will stay with iWeb (ISA,GIA), HL(LISA), AJ Bell (SIPP). with less chance of them being naughty with the segregation of client funds. i hope the link works... helpcentre.trading212.com/hc/en-us/articles/10745029708829-Trading-212-UK-Funds-and-assets-protection

all i can say is double and triple check the numbers. i use chase (uk) also to transfer my cash in so i know chase works for me. i'm not Trading 212 though so i'm probably not the person to ask for customer support. i just share my experience. i don't even know how to contact their support as i've not needed it yet.

i've not got any experience with their cash ISA i'm afraid so can't really help. it will be different for that account i would assume. for what it's worth my cashback (1% at the time) just appeared in my Invest account pretty much straight away. like i say though it will probably be different for the cash ISA.

no. that's only if you pay by debit/credit card. at 3:19 i begin explaining the free way to add more than £2k.

the ISA shelters your investments / cash interest from tax. need to be a UK resident. Invest is just a normal general investment account so you might need to pay taxes on capital gains, dividends or interest.

@@ukamateurinvestordiary6620 Thank you for the information! Does that mean that logically it would be better to start on the ISA (im a uk citizen) then over time transition to normal invest

yeah, no point in investing in a taxable account if you can shelter it from tax instead in an ISA. you can add £20k to an ISA each tax year so only the excess of that each year could go in the Invest account and make any sense. i'll just be using it for cash. there's a whole plethora of financial things to think abiut as well though. consider more pension contribution or a LISA. i don't think youtube lets us link thing in comments but if you go to reddit and find the UKPersonalFinance subreddit there you will find a flowchart that's useful. also the FIREUK subreddit they have recommended reads. read them all if you like but in particular one is called "ISA vs LISA vs Pension" which talks through the scenarios where each one makes sense above the others.

@@ukamateurinvestordiary6620 Thank you so much for the info this helps alot!

god knows. i just wanted to copy my own from one account to the other.

some are pretty decent, the more popular ones. I assume its for the investors who want to invest in specific stocks rather than etf's but dont know which to choose