Trading 212 have just updated their Terms and Conditions and announced other news.

They have secured funding from their founders and they are reopening new account applications for customers from Europe.

Some of the changes to the Terms and Conditions are good - in fact the majority seem to be fixing issues I have pointed out in my previous videos.

But one clause got much worse and that clause is 13.10.

This clause explains how your assets are held and protected by Trading 212.

And in this update, they have made it more clear that your assets may be held with third parties without any reference to you.

If that third party or Trading 212 were to fail, your assets may be lost to repay company debts.

And that is somewhat concerning because regulated companies in the UK have to keep customer assets fully segregated to prevent this exact situation from happening.

It is also worrying that after spending 6 months with no updates after telling everyone that new accounts are paused for technical reasons, the situation seems to have changed.

I asked the question back in February as to whether there was a cash flow problem and got a strong rebuttal from Trading 212.

And yet in the last few weeks the founders have deposited £20 million into the business and immediately after that Trading 212 started processing their backlog and have just opened up new applications in Europe.

Given these new Terms & Conditions have been published, it may well be that new UK accounts will be coming soon as well.

This may well be an incredible coincidence or perhaps my question was not all that misguided.

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