Magic. Ta.
I thought fractional UK shares was on the roadmapā¦has this changed recently?
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Yes, youāre right. UK fractionals are on our roadmap for the future.
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If you want to offer an automated āinvest monthlyā feature (I hope you do), and donāt want to complicate things by saying ābut you canāt do it with UK sharesā (not that I think most people would want to; tracker ETFs make more sense), youāll need fractional shares on everything first.
Because I donāt think it makes sense for an automated investment of Ā£X to not invest 100% of X every time. You donāt want to be worrying about manually sweeping up your un-invested remainders.
I agree. UK fractionals would be preferable alongside a recurring trade feature like this: Recurring trades
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Recurring trades can work without fractionals, Thatās the way HL do it, they just buy as many shares as possible up to the amount you set and any spare cash ends up as cash in your account
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Apologies if this has been answered, but will you get the choice to either purchase fractional or whole.
My scenario is for basic orders when say I put Ā£100 and the order is executed at 4pm, I donāt know what the exact price is - so I may want either Ā£100 worth of shares or the amount of full shares I can get for Ā£100 with the difference refunded, as you guys do today.
Just want to know that I can do either or when the option arises?
Cheers
Curtis
We donāt offer fractional shares yet. Thanks for the heads up, weāll get in touch with them.
Itās a bit too soon to say exactly how fractional shares will work. The nice thing is that theyāll enable us to let you https://community.freetrade.io/t/buy-an-specific-number-of-shares-rather-than-a-amount/1486 - although that might not be an option straight away when they launch.
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Okay good to know mate!
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Trading212
Launched fractional share buying option today. They started with selected 30 companies shares.
Hope Freetrade starts soon. Coz currently Trading212 is taking all my investments.
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I like they went super low at a minimum of 10p for fractional. Ocado is a interesting one for the list with shares at around Ā£12, although I suppose if you have loose change then it makes sense. Fractional European Shares ( not ETFs ) like Unilever, and Ocado is a first as far as I knowā¦unless I missed something.
What does the UI look like for Trading212 Fractional Shares?
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Iāve got a bit of pocket money in Trading 212 in the invest account as Iāve maxed my Freetrade ISA. Just waiting for new tax year to add to my Freetrade ISA.
Is Trading 212 sustainable ? They seemed to have chopped and changed their pricing a bit. Now all free bar the trading account which I wouldnāt touch.
I want good companies to make money and be sustainable.
Freetrade have the core values from the start, it felt good to see my 1st Ā£3 ISA payment go out last week. Canāt wait for Alpha.
Not knocking T212.
Long term investing gets the rewards. Thatās what Freetrade are all about.
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I canāt wait for freetrades fractional shares. Iād love to set up a āpotā in the future that instead of rounding up my bank card purchases and putting in a savings pot it rounds up and buys a set companyās fractional shares!
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Freetrade, get a banking licenseā¦
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Exactly
Exactly this. Fractional shares are a game changer. I use round ups and would use that to invest here.
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Thatās super interesting about T212. If come the new tax year in April Freetrade havenāt caught up Iāll be opening a T212 S&S and contributing there. Can evaluate both platforms one year later in terms of functionality and user experience.
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This is also a fantastic idea that would really, really set Freetrade apart. Imagine the advertising possibilities with this - truly passive investing!