Viktor from Freetrade here!
We haven’t launched our beta yet, but we are closing in.
We can open client accounts as soon as the FCA authorises us for stockbroking, which is in progress.
As a fellow Monzo user, you won’t be surprised that the authorisation process is a bit of a black box regarding the timeline, but we’ll keep our community posted as we progress.
The other component necessary for the release is the actual app, which is a few months out, and it will be ready by early next year.
It takes time to build a challenger stockbroker in the UK (read about the context here), but it will be worth it.
We’ll roll out a private beta first, adding users in small batches. We’ll prioritise users with referrals* (the more referrals, the earlier access), because we’d like to reward people who helped us build the community the most. Even one referral puts you into a top ~800 position, so if you know just one other person who doesn’t want to get ripped off investing into real shares and ETFs, bring them on board!
Hit me up at firstname.lastname@example.org or on an IM of your choice with any questions!
Great to have you with us,
*Crowdcube investors have guaranteed early access.