Freetrade: Free Share Trading


#561

This is an insightful podcast. Adam Dodds held his own well at points where he needed to; some good exchanges with Scalable Capital. Covers topics such as democratising investing, community, thoughts on banking integrations, and more:


(Is Santa here yet?) #562

Good news if you’re still waiting (and aren’t android)


(Is Santa here yet?) #563

They’re busy today. Anyone for ISA testing?


#564

Revolut liked :eye: :


(Is Santa here yet?) #565

Well that’s a load of rubbish. Closed a couple of times and a few issues at the start but always fine for me. And that was at testing stage


(Simon B) #566

I’ve never had any issue with orders being rejected, myself.


(Nick) #567

Am I right in thinking Freetrade has a paid mode he could use for instant trades were that important to him?

TBH, the tagged mention of Revolut at the end makes me think he’s a shill anyway (he may well not be, just saying the optics aren’t good). Definitely a shill, as @Rat_au_van has uncovered. :rage:


(Vladislav Kozub) #568

Yes, with a mere £1 he could have got it instantly.

In fact, this is what you would do as a day trader to avoid the risks of intraday volatility. If he is saving £1 to expose himself to 0 to 5 per cent swings per day, something is definitely wring with his “earning strategy” :joy:


(Is Santa here yet?) #569

The fact he’s saying a product that hasn’t been launched and full details are still unknown is better? :grin:


(Is Santa here yet?) #570

Um. Coincidence?


(Dan) #571

He fits nicely into how I picture Revolut and their culture.


(Nick) #572

If you’re right (and I think you are), then he’s surely fallen foul of FCA guidance on social media and customer communications(FG15/4) where they talk about how employees use social media(Annex 1, Section 3.2).

I’d like to pretend I have an exhaustive knowledge of the topic, but actually I remembered Monzo shared their social media policy recently, so I searched for that and looked for what might apply.

Anyone fancing reporting him/grassing him up? :smiling_imp:


(Is Santa here yet?) #573

He was doing it in a personal capacity, doesn’t have his employer named on his twitter and he may well be a customer :woman_shrugging: Besides, Freetrade are aware so they’d know if there was an issue :wink:


(Nick) #574

I’ve had this drummed into me from my own employer - this doesn’t matter. If you are an employee, and you post something even vaguely related to your employer or their products or services, you need to be sure you’re treading very carefully. Indeed, the Monzo guidelines I refer to above go on to quote:

If an employee of a firm uses their personal social media account to send communications that could be considered an inducement or invitation, then this may constitute a financial promotion

The tweet in question can clearly be considered an inducement or invitation to use Revolut’s product. Short of being an entirely different person, the Revolut employee here doesn’t have a leg to stand on.


(Graham - Mental health professional) #575

How long do top-ups take to register please?


(Is Santa here yet?) #576

2-4 hours normally


(Vladislav Kozub) #577

It does depend on the bank I think. My Monzo top up once took just under an hour (but that is my experience, please do not be upset if yours happens to be slightly longer :grin:).


(Graham - Mental health professional) #578

Thanks, both. :grinning:


(Is Santa here yet?) #579

Make sure you have your reference on it :grin:


(🤦‍♂️ abofm.club 🤦‍♂️) #580

Who would leave it off?