For cases where you are effectively locked in and moving would be too much work.
It could be a good growth feature, a way to aggregate your investments before investing afresh on the only investing app you’ll need
A mode that obscures the Portfolio values so you can show the app to someone without sharing your total portfolio size.
Would be useful in cases where I want to demo the app to a colleague, or acquaintance without sharing I have £xyz in cash, or that I’ve invested £xyz in a FTSE 100 tracker, instead they’ll just see I’ve invested in the FTSE 100 tracker.
The UK is spoiled for choice when it comes to great crowdfunding platforms (there’s a thread on that) and while we chose to return using Crowdcube for many reasons, the most important is that we’ve been with them from day 1 and all of our crowdfunding investors are already members on the platform.
I’m fantasizing about a Crowdcube x Seedrs x Freetrade in the future, it could be the greatest crowdfunding crossover event in history.
Re the bid/ask spread, there is absolutely not a hidden commission in there. Check out our best execution policy, we go out to the market to get the best price we can for our customers and make nothing on the spread. No payment-for-order-flow or other BS, either. The price we display in the app is an indicative midpoint from our data provider (a dual bid/ask price would be only indicative, too) as we don’t actually know the price we’ll get for you until we go out to the market with your order.
Thanks for the response. That article doesn’t reference other income streams that Adam mentioned above. Maybe these are obvious and don’t need to be stated:
I am looking at investing in the crowdfunding, so I want to understand all of the revenue streams before I do so. This article says that Freetrade doesn’t make money from FX, so that seems to be different from what Adam said above: https://blog.freetrade.io/how-do-freetrades-orders-execute-5db0d35a8ea2 From the article: “Currently, the rate we get is the spot price + 0.45% . We display that in the order confirmation screen on the app and our pricing schedule, and we pass that rate directly to you.”
Ok, so there is no exhaustive list of Freetrade’s revenue streams. I have got some idea from reading the T&Cs and other documentation. I’m just trying to get a complete understanding of where income comes from.