Freetrade Competitors

Not sure if this has been posted yet John Lewis launches investing and junior Isas and a share trading account in tie-up with Nutmeg | This is Money

John Lewis working with Nutmeg to launch investment accounts, offering JISAs, Isas and GIAs

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C’mon Juno, give it a rest

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One minute he’s all doom and gloom the next he thinks freetrade will take the USA by storm.

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witty

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Further info on the new ETP Chinese stock in side the T212 ISA & the whole ‘are my investments mine?’

7:10 for the T&C updates

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It’s worth noting André Mohamed invested in them.

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Plum appear to be moving into Share Trading / Crypto ( from their latest seedrs update :arrow_down: )

  • Plum Stocks. We’re currently working on our stock trading product, more about that very soon!

  • Plum Crypto. Yes the rumours are true… we’ll be adding crypto as an asset class to Plum by the end of the year

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Looks like Wise are edging into trading.

I just received this email:

More info in the email:

As with any asset you hold, your capital’s at risk. The value of your investment can go up and down, so the amount you may get back could be less than what you put in.

What you need to know

  • When you move your money into stocks you’re investing it in a fund.
  • The fund has had an average annual growth rate of 13.07% since 2012. This growth is measured in Euros.
  • During the beta trial, you’ll only pay a fund fee of 0.15% annually. After beta, you’ll also pay a service fee of 0.55% annually.
  • You can access the money you hold in stocks at any time to spend on your debit card and make payments.
  • You can switch all the money you hold in stocks back to cash at any time.
  • Because you’ll be joining a beta trial of Assets — we’d love your feedback to make it better.

More info in FAQ’s: How do I use Assets? | Wise Help Centre

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Another competitor, albeit with a slight twist

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They will need to improve this to satisfy our average forum user :joy:

Lightyear’s first iteration of the app is being launched with unlimited access to over 100 global stocks and ETFs

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“Why does Freetrade not have this diamond mining stock from the West African Stock Exchange that I want to buy, this is terrible” - Average forum user

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The other favourite is “FT announce 250 new stocks” first posts are “But when are we getting X,Y and Z?” :joy:

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They are moving fast. Given the website says

Has anyone joined and invested via Lightyear yet? What are your thoughts?

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I just signed up and I’m in the queue. No time frame given for onboarding. The app seemed quite slick with a nice UX.

The name is rubbish to Google though.

If anyone wants a referral so I can jump the queue, I have no intention of replacing my FT ISA & SIPP I want to see what it’s all about and share with the community -

please don’t flag me, I’m spying. Like James Bond but balding and a little overweight … so nothing like James Bond

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I got an email informing me I’m in the first 2000 on the waitlist and they will give me a £10 bonus to invest.

I’ll give the app a try when I get the on-boarding email.

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