Does any ISA account allow to trade TQQQ?

James2024

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Hi,

I cannot find an ISA account allowing me to trade TQQQ (and also TMV). IG provides trading in TQQQ; but not in ISA. Same story for eToro. Trading212 and Freetrader as far as I know don't provide trading in TQQQ.

I know QQQ3 is available in HL ISA.

So, is there any platform in the UK which provides trading in TQQQ in the ISA account? And ideally other leveraged ETFs like TMV, SOXL etc. also?


Thanks a lot.
 
US index ETFs can only be traded with US brokers on the exchange. UK brokers only allow Spread bets or CFDs on these indices.
 
Though I haven't set up an ISA on T212 I can switch to that tab and apparently , QQQ5 is there. Typing "leverage" in the search box brings up a range, NVD3 etc..

TQQQ is not there, and TMV is "View only". They've been making more things "View Only" for a while. T212 were allowing things they shouldn't, which then started disappearing. Users found their positions sold without any notice or explanation. That's their m.o.!
 
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Just looked and TQQQ can't be traded in Trading212.

I have recently just realised that there are quite a few securities you can't trade in an ISA but you can trade in a Fund Account. They don't make this obvious! There are quite a number of US listed ETFs that can only be traded in the Fund Account.
 
An equivalent can. (Same for YINN vs KWEB)

T212 don't make anything obvious, they just take your money!
They dropped TQQQ a while ago, but they still do leveraged etfs in Isa and Invest. Where they have someting like SOXL in CFD the margin is 100%.
As far as I know only a very few things are missing from ISA relative to Invest. (Not so ref CFD. ) I think SMCI was one and they gave a reason.
They only have UK/EU based ETF's afaik. They need the KIID document.

Type "long" in the ISA part and you get: (Not how marvellously clever they aren't, in not showing you the full name and the full price at the same time).

1733630333978.png


They have 5x a few. Note those currency ones too
1733630584710.png


And no, I didn't see IONQ going up.

Always use Limit orders with any of those. T212 seem to be unique in giving you a price 5% to their advantage for no apparent reason. Not seen on other platforms at the time...

And you can't use stop-losses close enough. I've been stopped out "miles" from the price on their chart. According to TradingView's 1 second chart, the price never went there.
They say they aren't responsible, because it's a function of the way the prices given to them are used. By them.
They could use a different method which would lead to fewer losses for the user and fewer gains for them, but they obviously like the way it is.

So it's wilful on their part, to misrepresent the price you're going to get, to their advantage. There are words for that.

In case you're new I should point out the risk of holding when London closes. I don't think SLs work, then.
You ARE avoiding the egregious credit-card rate overnight swap fees which apply in CFD though.

Also note that buried away, they have a no scalping rule. They define that as within 5 minutes.
Where it's been worth their while, they have taken people to court, to withold their winnings. (A couple come up on Google)
 
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