From today, our Standard and Plus plan customers will get more flexibility and choice in how they pay for their subscriptions.
Weāve launched annual subscriptions, which means you can get a whole year of Freetrade Standard for Ā£59.88 or Freetrade Plus for Ā£119.88.
All the benefits and features of your favourite Freetrade plan, for one single annual payment.
Why pay annually?
We recently announced that from 9 May 2023, the monthly price of our Standard plan will be increasing to Ā£5.99 per month and the monthly price of our Plus plan will be increasing to Ā£11.99 per month.
But switching to annual billing means that you can pay Ā£59.88 for a whole year of Standard. This works out to Ā£4.99 per month, a saving of 17% on the new monthly price of Ā£5.99.
Similarly, for the Plus plan, you can pay Ā£119.88 for the year. This works out to Ā£9.99 per month, also a saving of 17% on the new monthly price of Ā£11.99.
How do I switch to annual billing?
First, make sure youāre on the latest version of the app. Tap the Profile icon on the top right-hand corner of your Portfolio tab. Select āManage your planā and then āChange your billing cycleā.
When you invest, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest.
Just paid for Plus for the year. Itās worth mentioning that any remaining days of an existing monthly subscription are discounted pro-rata from the the annual payment.
Just had the notification about switching to Yearly billing schedule.
Tried to do it - got to the second screen where it shows the āYour Plan Overviewā
All correct so I check the checkbox for agreeing and the T&Cs but the āConfirm Changeā button does not become active.
Iām on the latest version of the app and did read the Terms and Conditions (opened in Chrome).
Thanks, working now.
Iāve upgraded to Yearly and can confirm it deducts your remaining partial month payment off the total cost of the yearly (reducing it) so no need to wait until your renewal day.
Edit: Had I read the whole page I would have seen that we are credited with any outstanding subscrition days. I was just a bit quick to slam the anchors on!
I have a question about switching to annual payments.
Currently my next monthly payment date is 12th May. When I change to annual payments it changes the next payment date to today, 25th April.
Presumably this is a bug as if I make the change now I lose 17 days worth of subscription?
Can this be changed or shall I wait until 11th to change to annual subscription?
Hi @Orbitalinvestor, there should be some text on the upgrade confirmation screen that shows youāre due to be credited Ā£X against the annual payment for any time remaining on your current monthly subscription. We definitely donāt want you to be losing-out by upgrading, or having to wait until your next billing day!
Please let me know if that doesnāt match your experience and we can look into that for you.
Hey @Panik; the upgrade to Plus and the changing of the billing frequency are two separate steps at the moment, but weāll be working to consolidate them shortly. Sorry for any inconvenience, and any refunds owed to you for time remaining on an existing subscription will be credited back to you.
@Dani88; Iāll message you directly so that we can look into this for you
Iāve got the same issue. Play store is showing as latest update being the 21st April and Iāve also checked and Play Store itself is on the latest version. Iāve tried rebooting my phone to see if that helps but nothing so far.
Morning - just checking if that is right,
on IOS If I go to āmanager your planā > āchange your planā > and click through to plus I am presented with below option.
Iām hoping this will activate plus with anual billing and credit any remaining subscription?
Iāve updated the copy on the billing term selection screen to clarify this a little earlier
