While I personally think fractional trading is a really positive step, and I know it’s not exactly new but is becoming more main stream I truly think it is going to lead to millions of pounds left unclaimed in the long run.
Their will be loads of accounts opened in the hype and then forgotten about. £5 here and their and people’s interest will drop.
I see more and more of the challenger banks also offering Bit coin and the likes. I am glad Monzo has not went down that path. You need to walk before you crawl and we (Monzo) are still very new to the banking world.
I’d love to see this feature on Monzo. Hargreaves Lansdown (I think the UK’s the largest) charges up to 12 pounds a trade, and the app could be so much better. Monzo has the platform to potentially get younger people investing, and could be an area where they could really make some money whilst undercutting the traditionals. I would love to see an index linked fund option as an alternative to Monzo’s saving pots