@Louis @anon287192 Thanks for the help guys, I guess Iāll do a bit more reading on the tax rules then. Not sure Iāll end up quite as good as @Vlad though lol!
1 Like
Please do not inflate my ego 
And yet, just as Louis and Sendu reaffirmed, your understanding of the 2k/11.7k tax implications are correct. The Annual Exemption Allowance (Ā£11,700) and Dividend Allowance (Ā£2,000) are calculated in total from the 6th of April until the 5th of April every year. If you happen to get more than Ā£11,700 or gains in that narrow timeframe before getting the Android ISA, it would certainly be a good problem to have 
1 Like
After all that, last night I managed to persuade a friend to lend me his iPhone, so it looks like Iām all set to use an ISA on Android from the go! Thanks anyway, its good to know as maybe I wonāt consider using it next tax year.
4 Likes
Good evening,
Very excited to use this app. My intention is to buy one share of a US company. I have three questions:
- Your orders are executed at 16:00, so if the price of one share is Ā£100 when I place my order, but at 16:00 the price has moved, what happens?
- On Freetrade, am I buying a share or some kind of derivative?
- Will I be added to the companyās share register? E.g. if I wanted to attend their AGM, how can I prove I own a share in their company?
1 Like
Either you have allocated enough to cover the price increase and thatās what you pay, or you havenāt and it fails.
Yep, proper shares
About AGMs
4 Likes
I was heading in exactly the same direction as you, Leon - then I stumbled upon Freetrade and changed my mind.
1 Like
DEGIRO can lend out your shares to other users, which greatly increases your platform risk.
1 Like
Thank you very helpful on the AGM stuff.
So just to clarify, if I input to buy Ā£100 of a stock trading at Ā£100/share, but at execution time the price increases to Ā£110/share, will:
a. the trade of Ā£100 be executed, meaning Iāve just bought 0.9 of a share, or
b. will I automatically buy Ā£110 so that I have 1 share (assuming I have enough cash in my account)?
Either you have allocated enough to cover the price increase and thatās what you pay
I donāt see where you can allocate money in the app to do this.
When you are buying a set of shares and you put that you want to a spend Ā£110. (When you click on buy shares, itās the amount tab)It means that you have allocated that money for the transaction. When you do that and you go to your account tab with all your money, you will see that the Ā£110 has been placed as āreserved cashā.
From my experiences if the price increases and you have not allocated (reserved cash) that money it will not take any money from your available to invest cash.
2 Likes
Okay I think I understand now. Does this mean it is impossible to buy a fractional amount of shares?
1 Like
At the moment, yes. But theyāre working on it
3 Likes
That is currently not possible with Freetrade, however, it is currently on the roadmap
1 Like
If thereās a company someone wants to invest in, in an overlooked Market, is there any way for users to do special requests for a fee or something so information can be transferred onto this app? (if that makes sense)
Do you mean non-LSE, non-NYSE and non-NASDAQ in this scenario?
Yes, like maybe Eastern Europe, India, Russia and Japan/China markets
In this case Iād speculate that one-off additions will be too hard purely because Freetrade will need to partner with a third party firm in each of these respective countries to facilitate the operations. This will likely lead to high immediate costs with limited monetisation potential and thus may be impractical to do 
That said, once the app will expand as far as EU, Russia, India, Canada or Australia, it will, hopefully, open all of these markets to all of its customers 
2 Likes
Thanks for the response, i am still confused by āsellā share that you donāt yet ownā. Agree think i will leave this to the proās and just continue to buy normal shares
2 Likes
This part simply means you borrow the share youāre interested in shorting from someone who does own it; like any loan youād pay them some interest for the privilege of borrowing from them.
Youād immediately sell the borrowed share on the market which would give you cash proceeds today.
When the price drops, you buy the share back from the market (cash outlay tomorrow) so that you can give it back to the person you borrowed it from.
Your profit (loss) = cash proceeds today - cash outlay tomorrow - interest
As @ytsruh said, normal retail investors like us should stick to normal investing
1 Like
The risk with going short is that losses can be infinite, unless a guaranteed stop is used. That is why if you want a bearish position, put options are better. Though generally steer clear of them as well, unless you know what you are doing.