Trading 212 is cheaper than Freetrade, i believe its because they attract customers with the free trading in the hope that they also use their CFDs which is the real money maker.
Freetrade despite the name has to charge for a lot of things such as: ISA, certain shares, sell orders, FX fess ect… because they don’t have the lucrative CFD, and thats one of the main things i like about freetrade, I hope they never add CFDs
However one big negative of Freetrade is that there have been reports of a toxic culture and of management bullying their staff. I found out about this after i created an account, otherwise i probably would not have used them as i dont want to support this kind of behaviour…
They have now opened and I finally got my account too.
Is anyone here using their Pies feature? Any thoughts on funding the pie “by targets” vs “self-balancing”?
(sorry for posting this here, but the T212 topic is closed)
Ye - I’ve got the daily dividend pie - It’s a really cool feature and safe to say the daily dividend pie is doing much better than the stocks I chose to invest in myself Metro bank will one day come back to life
Not sure exactly what you mean by this but pretty sure I let it self-balance - I let dividends re-invest and I deposit more into the pie every now and then and it automatically splits it between the stock as per the %'s I’ve set. I did manually remove a couple of stocks at the start when i initially copied the pie because I didn’t like their environmental impact.
If I choose “By targets” it will distribute the funds according to their original targets.
If I choose “self-balancing” it will invest more in stocks that are below their targets, and less in stocks that are above their targets.
I joined T212 via a referral link, and received a free Mercedes share (worth about £60). So pretty chuffed! Interested to see whether anyone else received a good free share? Supposedly they can be worth anywhere up to £100.
As a side note, my referral link is here if anyone else wants to see what they get.
I am using it. It’s ok. They only allow cash transfers in and out. And the range of investments is different. I.e. ETFs from Vanguard and others are available, plus stocks. But not mutual funds.
Metro bank will one day come back to life 
