Is there quit a lot of tickers or is there only a small amount of companies currently?
Only a small amount of companies at the moment
Lightyear planning an EU launch in the first half of next year.
Iām still hopeful Freetrade can beat them to it!
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Got the opportunity to download Lightyear today. For some reason part of the onboarding is to provide your employers name and address which set alarm bells ringing for me. Iāll give it a miss.
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I joined as well today. Why that scare you off?
Itās collecting irrelevant information. Kinda āillegalā under GDPR 
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I agree with you there. But all that and more of your info is probably already compromised from social media apps anyway.
Sure thing. But by that logic Freetrade can ask you to upload semi naked pictures in the sign-up process because you have them on Facebook or insta anyway 
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Because I have no idea :
a) why they need your employment info and
b) what theyāre going to do with it
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- What their data security is like
- What data privacy is like in Estonia
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āTrade Republic is available in Spain AND weāre opening our waiting lists in Italy and the Netherlandsā
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Itās great that they can be so definitive about offering the product in January onwards. They must have permission from the EU regulatory authority either directly or after going through the process quickly. I wonder if Freetrade could have applied through another country other than Sweden and gained EU permission a lot quicker. Who knows as you get told nothing anymore,anyway Iām sure it will be āSOONā 
I love you all 
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In June, the firm raised 150 million euros ($174 million) at a 1.2 billion euro valuation. The broker currently has 200,000 customers who have invested 2.5 billion euros, according to the executive.
If thatās the market price of the neighbourās house, Freetrade would be valued roughly @ Ā£10,000,000,000 (please donāt bother me with accuracy of FX conversions)
Ā£10,000,000,000 / 70,000,000 shares outstanding = Ā£142 (roughly) per share
Valuations seem outlandish to me.
Iām happy to entertain offers to buy my shares in excess of Ā£150.00 per share. Available today only.
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At face value the Scalable valuation @ 48% AUA is actually less crazy than Trade Republicās valuation at ~88% AUA.
For reference HL, flatexDegiro trade at ~5% AUA and AJ Bell, Interactive Investor ~2%. Even Robinhood is āonlyā 33%.
I think the market is just incredibly optimistic about these companies at the moment, which makes me worried that the next Freetrade round is going to end up priced way too high for me to pick up any more shares.
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Yeah
Got to love QE liquidity in search for a suitable bride/groom
Valuing a broker as a % of AUA makes no sense. Itās like trying to value a company based on its number of employees.
The revenue models are so differentā¦
Iām not quite sure how you draw the parallel with number of employees. In a competitive market where consumers will look for the lowest cost it seems intuitive that there is a maximum fee that can be extracted for each Ā£1 invested.
Despite the vastly different revenue models, average account size, trading frequency the mature platforms have all converged to a similar value as a % of AUA, thatās completely unsurprising to me.
I think PFOF is the big exception because the company can earn above what a customer is willing to spend, but outside of that I think itās by far the simplest metric to see how much growth is priced into a platform.
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