Free trade is a very small startup. For a broker I’d prefer a bit more established organisation as I don’t want to risk my broker disappearing overnight.
Freetrade blog on keeping your money safe
If that were to happen you’d be protected anyway
Finally, if all else fails, as a regulated UK financial business, all deposits with us are covered by the FSCS (financial services compensation scheme).
In the unlikely event of our bankruptcy, it’s also unlikely that client assets would be exposed at all to administrators. But even in this improbable worst case scenario, the compensation scheme will cover funds up to £85,000.
Monzo was a startup once