Re: share custody, this does not appear to be true.
From Freetrade T&Cs here:
The Custodian that holds Securities that you have acquired through our Services will have legal title to those Securities and will hold those Securities in its name – in other words, the Custodian’s name will appear on all registers, etc. that show who the owner of those Securities is. However, you will be the beneficial owner of those Securities – in other words, as between you, us and the Custodian, you are the ultimate owner of those Securities.
It seems to be that both Freetrade and Trading212 hold shares in our custody with the investor named as the benficial owner. Happy to be corrected here if I’m missing anything.
Re:share lending: Shares held in Trading212 ISA accounts are not lent out. Source: https://helpcentre.trading212.com/hc/en-us/articles/360010945917-What-about-ISAs-
Don’t get me wrong, I’m an investor in Freetrade and love the product, but as a user I’m struggling to find a compelling reason to stay considering the difference in FX and subscription fees?