Fractions for all 🍰

It has been annoying, but I do live this app! My main issue is the complete standstill for the last 2 months. Suddenly decided to make us wait for new stocks as well, as if we were spoilt for choice with about 10% of the market :joy: but I am loving it. And I’ll continue to refer everyone I know. Just hurry the f%!k up

4 Likes

Yay!

2 Likes

Not yet…

Fractional shares. They were in the very first crowdfunding pitch deck in 2016, and they are launching in weeks.

3 Likes

Free instant trades is very large, however. Great job, Freetrade team!

7 Likes

Very encouraging!

The only question I have, @Viktor, is when we see the first batch of US stocks. The market is in correction territory now, and may perhaps even dip into a bear market. Nobody knows how long the correction may last, but needless to say, for the long term investors this represents a buying opportunity as well and an expanded stock universe will help massively with this.

8 Likes

This is a good point.

1 Like

How on earth does FT plan on making any money?

Even if 10% of all 100k are on £3 subscriptions. That’s £360k ARR which is tiny.

If you get to 1M users that’s still only £3.6M revenue. If FT employs 60 people at average £60k each… the business is breakeven ignoring all other costs (rent, tech, marketing etc).

Scrapping fees is a nice customer acquisition strategy but is it really sustainable?

4 Likes

Perhaps their new platform allows them to save a ton of money on costs. Also, I’m sure the people who made the decision know what they’re doing. We only see the short term changes meanwhile they probably see the next 5 years of changes

Regardless of cost savings… where is the revenue coming from?

I am sure they have plans in store for a revised alpha account.

1 Like

That was my thought when @Viktor said

we will offer you an advanced account that you’ll find too good not to pay for.

If you take small market of any business you’ll fail to see how it works.

SIPPs on the way they’ll be chargeable more revenue. Once set up start to chase and look after company pensions.

Start up your own ETFs or managed fund.

Auto trading

Kickass alpha account

Financial advice

That’s took me a minute - charge for it.

1 Like

I kinda like the no financial advice. As soon as you enter this arena, you’d have loads more hurdles with qualifications, regulations, liabilities etc building up…

6 Likes

I agree, look how bad it made HL look when their poster boy Woodford messed up

1 Like

Any updates on how long till fractionals are available ??

Few weeks!! Hopefully, soon they will introduce fractional and add more stocks!

:eyes:

3 Likes

:crossed_fingers::crossed_fingers::crossed_fingers::crossed_fingers::crossed_fingers: hopefully.it will be here before the market turns. Hopping to get in to google before the prices shoots back up

4 Likes

That’s my plan too. I’m too cheap to buy a full one :laughing:

1 Like

Can’t blame you to be fair it’s not exactly pocket change :laughing:

1 Like