Freetrade Competitors

To be fair, it’s easier to go 3x in 5 weeks when you have a small set of Securities to begin with. It’s also easier to look like you are developing aggresively earlier on when there are still big chunks of work to get through.

Anyway, all the competitors are getting some of the functionality members of this community have requested. For example

  • Lightyear with their attractive fx fees and data exports.
  • InvestEngine with their Portfolio Pies/Pots/Buckets and unified ETF Look‑through ( see companies and sectors you’re invested in ). Plus, their hands-off, set-and-forget functionality.

But they are also missing key features, for example

  • Lightyear have no ISAs or SIPPs
  • InvestEngine has no SIPPs or Instant trades, although the latter is a bit mooted because they are going for long-term ETF investing

The pricing of neo brokers is worrying as in most cases it seems too cheap to be substainable but I suppose you can move away, even if most don’t offer in-specie transfers which might prove costly.

At some point you’d expect some consolidation in this space. For now, it’s a good time to be a customer I suppose. Also a a good time to be the companies providing shovels like RiskSave Technologies Ltd, and Currency Cloud Limited.

Back to Freetrade. You can request your dividends ( and possibly transaction ) history through support. Maybe the manual requests are managable so they are solving the things that are not for now.

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