At the moment, it’s just based on the stock price. We’ll improve on this in the future though 
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Ok, thanks Alex. How is the current value calculated? Is that the bid or the ask price or an average?
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We’re using the prices that you see in the app which are showing the mid price.
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Hi, I don’t understand what the ishares physical gold price reflects. Is that per gram or ounce or something else. I can’t seem to work it out?
It’s the total value of the assets held by the ETF divided by the number of shares there are in the ETF
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Thank you for replying. Am I right in thinking that will always be fixed? And are those assets gold somewhere for example in a vault?
With physical gold then strictly speaking yes those assets should exist somewhere. If the ETF is synthetic then it could hold dervitives to replicate the performance of the asset.
Soft commodities like Lean Hogs will be entirely derivative based unless the manger screws up and ends up with load of pigs.
Hi, I would like to ask if is it possible to switch from a basic account to an investment Isa.
And if I have an investment Isa can I go back to a basic account?
Thanks for your help!
Thank you, Thank you, Thank you. My last question… It might sound silly. Could they not go bankrupt or insolvent? And run away with all the gold. Is my money safe with them or is that guaranteed with Freetrade?
The fund manager could go bust but the assets are held separately. It is possible the gold itself could be stolen but FSCS provides some protection.
With the synthetic ones I mentioned there is no real asset its basically promises being exchanged. The market has maintenance margins in place to stop default but have you seen Trading Places, defaults can happen. Most synthetic ETFs are non-ucits too.
Thank for your reply. I’ll have to give that a good think!
I think with the non physical ones they are buying futures contracts, and rolling over the contract rather than taking delivery of the asset. There is some extra cost in doing this, which is multiplied in leveraged ETFs and is one reason you should never hold a Leveraged ETF long term
Freetrade doesn’t have leveraged ETFs and there are no plans to add any as far as I know as it goes against the investing rather than trading ethic
Hi everyone
Could some explain “income will be distributed in cash” and how does it work? I’m assuming it’s like dividends. How often does it pay out? Or is company specific.
If so how do I find out what the company’s ive invested in pay the dividends?
Also same question for income will be re invested found. When does that happen?
Thanks in advance
Paul
I would say your assumption is on the right track
ETFs that bundle a bunch of companies pay the dividend on a set date. Most likely the companies included in a specific ETF will pay dividends in different dates and/or intervals: monthly (like Realty Income), quarterly (like Kraft Heinz), or every 6 months (like Lloyds Bank). The ETF manager collects the dividends from the companies and distributes them amongst the ETF shareholders.
The ETFs I have pay quarterly. In them there are companies that pay dividends monthly, quarterly and bi annually. As a consequence, the dividend I get usually changes from quarter to quarter.
Usually on the specific company’s website. Or Yahoo, where you can look at Dividend Yeld for instance.
It happens when the the fund includes dividend paying stocks and then fund manager reinvests those dividends for you back into the fund, instead of paying them to you…
A better explanation can be found here
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Thanks Raul
Thank you for your time and explanation.
Paul
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I find dividendmax is a great website, it has dividend calculator so you can see how much money you will get for you holding, it also gives you the ex-div, payment dates, and schedule for payments 
Example of Lloyd’s
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Freetrade mentioned.
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Hi everyone,
I am new to Freetrade and investing.
I opened a basic account for now but I am thinking about switching to ISA. What do you recommend guys? And why?
Thanks in advance for your help!
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There’s quite a lot to consider so we wrote a long but good post about ISAs here -
If you need a S&S ISA, will you use Freetrade for it? - #28
just let us know if you have any more questions 
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Could someone please briefly explain the relationship between interest rate and currency value in the US and the UK?