Community Meetup - 8 PM Wed 12th May 2021, live on Zoom

Hi All,

Join us for the next full-scale Zoom AMA with @adam and @Viktor taking your questions on ‘Series B, 2021 expansion and beyond’ as we share updates and exciting news about what’s to come here at Freetrade including:

  • Q1 numbers
  • Progress on EU expansion and EU stocks
  • Our hiring priorities
  • Product priorities

As usual, we’ll share the Zoom webinar link here just before 8 PM on Wed 12th May.

Looking forward to seeing you all on the call, and hopefully in person at our upcoming events soon!

Ask your questions below and we’ll prioritise the most-liked.

Update, June 2021: Here’s the video of the meetup, in case you missed it!

41 Likes

Which month (and year) do you expect the first 3 countries to launch into and which ones are they?

If this is dependent on an EU license - what is specifically holding this up?

39 Likes

Have you found a replacement for Ian/CTO?

26 Likes

Thanks for doing this!

Could we get an update on “Building Freetrade”, please?

Any update/scoop on expected feature releases?

22 Likes

What level of engagement / retention do you see from the “GME” users wave from earlier this year ?

As the latest raise valuation was defined prior to that spike, does it have an important impact on future valuation ? Is it something that is being discussed with the VC who invested in the Series B ?

When will I be able to transfer my “PEA” from Boursorama to Freetrade ? #Team :fr:

15 Likes

There seems to have been little in the way of new features released in the last 12 months. The SIPP was a great and welcome addition but beyond that there doesn’t seem to have been much innovation within the app at all - especially when compared to competing apps.

  1. What new features if any should we expect in the next quarter/s?

  2. Are there any features you are working on which are unique to FT and not just replicating what’s been done elsewhere? Pies…dividend reinvestment…etc…all great - but nothing new and only helps us keep up with the competition rather than being at the forefront.

36 Likes

Good question - and further to that - it was previously mentioned that FT would be looking at raising in both the UK and Europe. Do you have any more details on how much you are going to be raising and when?

13 Likes

Great to see another AMA.

With the expansion of crypto and more take up from other brokers (including EU competitors) , how has freetrade faired with attracting a crypto hire that can investigate and look at timescales to implement crypto into the app?

9 Likes

Following on from this:

  • Will you launch Euro accounts and European stocks at the same time? Are these a prerequisite to launching in Europe?
  • Once you have launched in the first three markets, how difficult is it to roll out to additional markets in Europe?
7 Likes

What will the valuation be for the next Crowdfund raise… and when will it take place? :innocent:

7 Likes

When may I buy more shares in Freetrade?

7 Likes

The most recent confirmation statement filed with Companies House is not showing the list of shareholders. Part 4 is missing.

I am not sure if this is due to a FT or CH error.

I’ve reported this to Dan @FT (who said he was aware of the issue) several months ago and also to CH (who are utterly useless) - but the document is still not showing.

Shareholders have a right to see this document but we can’t get it on CH and Dan said he is unable to send it out. What do we have to do to see this document please? Why can’t Dan send it out when it should be in the public domain anyway?

16 Likes

LISAs.

LISAs LISAs LISAs LISAs LISAs LISAs LISAs LISAs LISAs LISAs LISAs LISAs LISAs.

Are LISAs coming this tax year? Just a yes/no. It’s affecting what I do this tax year and how I handle my current LISA at a terrible, truly awful and crap unnamed competitor whose name rhymes with Hey Jay Well.

47 Likes

Any update about the 2021 Crowdcube round?

9 Likes

At the last AMA one of the objectives that was stated was that ‘you should always know where your money is’ when there are delays or problems processing payments. Since then, ‘instant deposits’ have been working for many people, which is great when it works, but there seem to still be customers who experience delays when opening an account or making their first deposit, and who don’t seem to understand ‘where their money is’. Are you still working on ways to improve communication with users when a transaction cannot be completed instantly?

5 Likes

A new tax year has begun and many members will likely need tax reports… any progress on this?

19 Likes

Nationality Declaration - to enable trading in the affected stocks such as IAG, EZJ, Jet2 , RR etc

21 Likes

Any update on this that Freetrade posted? It was announced in 2018 :joy: :man_facepalming:

It was a really good idea with the pending bit but doesn’t seem to work. Also, can we have the mention in the activity feed land when the payment lands? I have missed my payments as they are posted to a previous date and are many posts down so I need hunt them and scroll to find them.

This wouldn’t be so important if we had decent charts and desktop but as we don’t it is important as many of us use this information for our own spreadsheets.

8 Likes

The number of EU competitors is growing and over the past year we have seen significant raises from the likes of BUX & Vivid that rival or exceed Freetrade’s Series B (in monetary value).

Now that Freetrade no longer has first mover advantage in a lot of countries, will you adjust Freetrade’s user acquisition strategy? And what killer product features has Freetrade got, which the others do not?

18 Likes