Iām a freetrade user and have been using it since June. I am a bit concerned as they have promised a faster approach to get more stocks available in the app both free and premium users but I have not seen a lot. Companies such as nano dimension and mohawk group which I have put in as a stock request since Sept approx have not been added at all. It is concerning to me as now, I am thinking of transferring to Trading 212 if there is no further update to this. Companies such as Nano Dimension, Riot Blockchain,Atomera, and now the recent Bio Nano have been on my watchlist and have been patiently waiting for them to appear on Freetrade. However, theyāve all skyrocketed now and still not on the list. Is there any update soon? Please keep us informed as it has been quiet the past month aside from the newly IPOād companies.
Theyāve said thereās a big batch coming, it seems like theyāve really shut down for Christmas, not a lot happening the past two weeks. Agreed its been slow recently but they did expand massively in 2020, went from 600 to 3000+ I think I read.
The idea that FT have been quiet or not been adding stocks is baffling to me, itās been non-stop the past few months! I have barely started doing research on one set when a new set turn up
Nope,not really a trade but investment wise, nice to get in early for a long term investment in a company youāve found to have potential, requested it in Sept yet still have no appearance on the app despite people upvoting it. And what is that about HL? I donāt have an account with them lol
Anyhow, this post was not to bash freetrade as I am using it, itās just to highlight that there are some companies which requested for months but havenāt been added. Iām only wondering why. So please, donāt get all defensive as Iād only want this app to get better like we all do.
Just if you have a company in mind waiting for Freetrade to add it isnāt always the best option. Nothing wrong with investing via HL or similar, you can have as many GIAs as you like after all. (What is it about HL, thereās well established and have good terms, a decent platform for long term investments)
As for why itās not on Freetrade I expect itās about prioritisation, only so many hours in the day I suppose they may have a list somewhere they work through.
Agree with Champking on this. Even when Freetrade do add more niche names, itās usually way too late. Take GRWG for example - it took them months to add it, by which time the price had already run up hugely.
I like the convenience of FT, but also opened an IBKR account so I can take advantage of all the names FT doesnāt have.
Hey @champking, hope youāve been enjoying your app so far!
Adding new stocks is one of our top priorities and weāve been busy adding as many as we can, as soon as we can ā taking into account and prioritising community requests where possible.
Last year, we added literally thousands of new stocks and ETFs, taking the no. in the universe to around 4,000:
Two weekās ago, we added a big batch of 120 US REITs, many of which are big names in the S&P 500:
And just last week, during the holidays in fact when most of the team were off and stock additions were technically difficult to deploy, we added a batch of SPACs as soon as they became available to use through our US partner:
Weāre always reading requests from the community, and we appreciate itās frustrating when we canāt add a stock youāre after as fast as weād all like. Sometimes this can for technical reasons, e.g. natdec, or because the security isnāt available to us through our US partner.
But rest assured, weāre doing all we can and we aim to add thousands more this year, too!
Hi Sam, Iām just wondering if ā in the event there is an expected delay due to whatever reason ā this could be added to the thread for that stock request, so as to avoid the continued āwhy is this not being added when weāre voting for itā posts? Just for the sake of clarity.
Hey Tony, yes, itās for this reason that we donāt usually offer dates and timescales unless we know that itās going to be possible.
Where there is a commitment made, and this isnāt met for whatever reason, weāll do our best to update the threads and keep everyone as up to date as possible!
BNGO was requested a week ago when it was $1.5. Itās $6 now.
I had to use your competitor to buy it, quardruppled my non-isa portfolio with them in a week and itās expected to keep growing for years to come. Now Iāll have to pay capital tax gains with them because my ISA is with you.
I hope you realise just how big of a problem that is. For me personally ā i donāt care about any features or lack of thereof if itās impossible to buy stocks I want to buy.
I understand why you re annoyed but do you not think you have somewhat unrealistic expectations?
It seems you want an a la carte approach to buying stocks.
Ultimately I gather there are 300,000 users now and so everyone will be interested and requesting different stocks. Itās not really feasible for them to please everyone quickly especially over Christmas with all the bank holidays. The nature of things is if a stock is rising rapidly youāll miss out of gainz by the time it gets added.
Things are evolving quite rapidly imo. Thereās many many more stocks now than there was 6 months ago and Iām sure theyāll be many many more in 3 months, 6 months, and in 2 years this wonāt be a problem.
Thereās only been 3 full working days since the request was made at a notoriously busy time of year. Give them a bit of slack.
I donāt really get this mentality: I am spending my own time to provide free constructive feedback. How is giving āa bit of a slackā helpful to anyone?
I suppose our expectations of what is achievable in a particular time frame misalign.
It might be helpful to you as you may not see so many things in life as ābig problemsā when realistic thereās no why freetrade can please everyone quickly with new stock additions.
You make it sound like you should be charging for your feedback
Hey everyone, just a quick reminder of the rule 1 of the community: be kind and helpful.
Nano Dimension is in the next batch coming this week, we are pushing to get BNGO through our US partner, weāll check the status of Riot Blockchain and Atomera.
Of the recent popular requests, GAXY is unfortunately an OTC stock.
We are working as hard as we can to get new stocks online for you. We want to go even faster, but please give us a little time to rev up to the speed where weād like to be.
We are at a good pace with IPOs (adding them virtually as soon as they are publicly available), and we have aggressive plans for 2021.
Iām in total agreement here. Adding existing and new SPACs and other companies have been terribly slow. This needs to be done faster and more efficiently. Iāve been having the same problem as everyone and waiting endlessly. Iāve been looking into Trading 212 myself and they donāt even charge anything on ISA either. Freetrade needs to really compete.
