Buckle up, folks, it’s time for another Fintech Q&A!
Later this week, we’ll be joined by Adam Dodds - CEO and Founder of Freetrade!
What is Freetrade?
Freetrade’s a startup stockbroker building the world’s best investment app. They offer free investing in the stock market through direct ownership of stocks and exchange traded funds.
They believe in opening investing to everyone by making it radically more affordable, accessible and simple.
They launched in September of this year and have quickly shipped big new features like their Investment ISAs (tax-wrapped investing accounts). They kicked off with UK stocks, but are shipping US stocks in January 2019. They’ve built their product mobile first with a gorgeous iOS app (Android coming early 2019).
But they’re not just a fancy app. In contrast to old-school stockbrokers, they’re building a user-first business model. Their basic investing service, with trades executed at the end of the day, is free. Freetrade only charge for the premium features (Instant trades, ISAs) that users want. No big commissions, no making money off leverage and no percentage-based fees on portfolio size.
They want to be the torch that lights a whole new culture around investing and takes it from an fusty, expensive service to a sustainable way for everybody to grow their money.
Adam will be here later on this week to answer your questions, so ask away!