What is the process of adding a stock to the Freetrade universe? I would imagine that itās a pretty mundane thing. Itās just a few data points. Canāt you just upload an excel file? These are publicly traded securities. Itās not that you need to do an AML check on a multinational company from Russia. Would you like a hand? I have a couple of spare hours in the evenings over the next couple of weeks
As a crowdcube investor I want to set up next yearās ISA with freetrade to support the company. But I often have to switch to T212 for SPACs and other shares, as they have a wider range available. If there wasnāt an ISA wrapper it wouldnāt be such an issue but Iām now having to limit what I invest in T212 so I donāt go over the CGT threshold. Next FY Iād rather not have that issue and if they maintain a wider share offering for the next 3 months Iāll be somewhat forced to open an ISA at T212. It is a little frustrating as I donāt like their app and their occasional downtime, but range of stocks is highly important factor.
If this continues to be an issue and this is the important factor wouldnāt another broker with stronger client protection be better like HL or others?
I havenāt looked at HL fees but that is an important point and something Iāll consider.
I hope so
I accept youāre accommodating requests as best you can, but everytime I see the reason given as being due to the āUS Partnerā I wonder if there are other US Partners out there who could help you onboard even quicker.
I think you have to understand that HL does have transaction fees which puts people off. Also, freetrade is a good platform for stock market exposure for first time buyers because of its zero comission transaction hence why, a lot of people and first time investors are on it. But then again, so is trading212 who adds companies much quicker.
We only want freetrade to be better really, to hopefully keep up with adding companies that we are interested in and keep up with the competition. Thereās nothing wrong with that.
Thereās nothing wrong with wanting certain stocks and preferring to keep your ISA with one provider. However, what people always seem to miss is that Freetrade is a young and growing trading platform and therefore may not be able to offer the same range as other brokers.
Also I donāt think they will ever please everyone with the additions they do make as everyone has their eye on something different, a quick look at the comments underneath announcement of new batches will bear this out.
Frustrating, yes, but we need to be realistic and not blame them for ālosing moneyā on stocks they havenāt added yet.
Ohh yes, the perpetual cries of āI wanted to buy stock X but itās not available and now itās gone up 3000% and Iāve lost outā
I completely agree with champking. This is a market dynamic and investors will choose the most responsive platform, the one that reviews well and where users spread the word to family friends & online contacts.
So far Im holding judgement.