Freetrade: Free Share Trading


(Paul) #684

I have instant access invite if anyone wants it. Give me a dm


(Dan) #685

I have 1 more space! DM me for access!


(Jack Biggs) #686

I have the same issues, any update?


(Alex Sherwood) #687

Could anyone who’s not been bumped after a day after submitting their email address please message us via the live chat on our website freetrade.io :raised_hands:

cc @Jack06


(Jack Biggs) #688

No worries. Will report back tomorrow at about 11am :wink::+1:t2:


(Jack Biggs) #689

@alexs I have reached the front of the queue and I am in :smiley:

Many thanks.


(Dan) #690

Still got one before I submit it… come get it :laughing:


(S Lee) #691

I contacted Freetrade through the chat yesterday and then it worked. Glad to see yours working already! Enjoy!


#692

As you do ISA’s any chance of doing Junior ISA’s or do they work differently?


(Sendu Bala) #693

I’m hoping for a Freetrade JISA, but it’s currently not a priority. Please sign up on their forum and vote for it though!


#694

You stalking me :joy:

Will do :+1:


(Tom ) #695

A post was merged into an existing topic: Robin Hood announces US bank accounts paying 3% interest


#696

Good to see innovation in this field, but I have mixed feeling about Freetrade

  1. They have copied Monzo to a T on their marketing. No originality.
  2. They are not free despite the name! you have to pay a monthly fee or give up your tax free advantages (potentially a big cost)
  3. I heard one of the founders (won’t name him) make some pretty big blunders in an interview about the way the UK financial system works. Not very reassuring.

Freetrade: Free Share Trading
Robin Hood thread
(Only available in amateur ) #697

Point 2. They are free for basic trades. An isa costs but you don’t have to have one

Be interested in which interview you are referring to


#698

I don’t see the marketing copying Monzo. I see similarities in the way the member list is being built, however this is common amongst (fin)tech startups. Freetrade use Kickoff Labs for this. Unless you meant something else?

The ISA fee is £3 p/m which lets you do as many Basic ( free ) trades as you wish, which is reasonable in comparison to other services charging anywhere from £5 per/trade.

Also curious which interview and what was said.


(Rob) #699

Worth considering it’s been built with just £4m in funding (so far). It regularly gets compared against the fintech unicorns, I think, because it has that potential.

The fees are very low (and transparent). The market leader Hargreaves Lansdown charges 0.45% per year and £12 per trade! Compared to £1 per live trade and £3 per month for a Freetrade ISA. IMO it really is the best place to start investing and one of the only places where you can invest small amounts :slightly_smiling_face:


#700

So over the weekend transfered £20 to get my 1st investment under way :wink:

Money arrived in the account today, go to purchase shares select the basic option add the amount click review then confirm to buy App crashes tried several times everytime it crashes.

Raised a “ticket” with COp’s advised issue and mobile phone type iPhone 5, get a reply to say its a know bug and should be fixed in next update, no idea when that will be though, so currently the app is usless to me.

Withdrawn my cash now and that will take 2- 3 days to get added back so also need faster payments on withdrawls

So not a good start at all on my experaince


(Alex Sherwood) #701

I’m sorry to hear that you’ve run into that issue, it should be fixed in tomorrow’s release.

We do offer withdrawals via Faster Payments but since they cost us money, we charge a small fee for those. Please drop us a line via the live chat if you have any questions :slight_smile:


#702

Hi Alex,

If the COp’s had advised the update would be released tomorrow I would have left the cash in the account and tried again tomorrow, but was just advised “next” update.

Already processed withdrawal :wink:


(Alex Sherwood) #703

Thanks for letting me know.