Freetrade Competitors

This was one feature that Freetrade had over T212 pretty much from the off if I’m not mistaken?

I’m not certain but I remember FT saying (during the PSTH news) that they won’t be able to fulfill things like de-mergers & spin-offs and a cash equivalent would be provided from the transaction.

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They handled it fine when Pfizer spun off a smaller company (that I sold and can’t remember the name of now :laughing: )

Yep but wasn’t that spin-off a while ago? As they’ve grown this year they’ve been able to ā€œsupportā€ fewer corporate actions. Where they can’t offer support they’ve just said they’ll give cash.

Freetrade is not operationally set up to support Rights Issues, Open Offers, and similar events which involve subscribing to more shares, at this time. We also do not offer Proxy voting - really sorry to disappoint you on this.

So they don’t understand what ā€˜stop-loss’ means and want money back for being uninformed.
Classic entitled person.

Same happens on Freetrade too and all too often people complain about it here on the forum.

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That’s disappointing.

Imagine if they removed the vowels from ii :joy:

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Would be better off buying EE.

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Maybe they only wanted the vowels back.

abirbin

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Haha, that’s why they bought them, to even it out a bit.

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When is the endless list of new investment companies going to end? :rofl: It’s getting harder and harder for any to stand out from the rest.

Everyone’s trying to jump on the band wagon! I think anyone new is a little late to the game though. Unless it’s truly innovative.

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I don’t know, a decent ad campaign can win over many people. I like the new Etoro ad but if someone came along with a really good campaign it could get a lot I reckon. To me lots have a good point but all seem to have big weaknesses as well.
I know it isn’t simple to build but a platform that integrates with something else may be a winner. However that may be more of a gamified experience but would be popular with a big demographic.
I am looking forward to see who wins and loses in the long run though.
Personally I love the simplicity of FT and will make it my number1 platform sooner or later but I do like others for other aspects.

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Pretty sure that’s not a sign of a successful company. Anyone can do it and just as many failed companies have such a short mission statement.

Freetrade would be something along the lines of ā€˜enable everyone to invest’.

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Looks like Degiro is pushing the competition on fees further towards its logical conclusion.

I assume this means the only cost will be the 0.25% FX left (+ some fees on other product types like derivs)

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Says the fx is 0.25

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Looking at their fiendishly complicated fee schedule (with effect from 20/12/21) they are still charging lots of fees, except for US and Canadian stocks. Not sure if the pricing structure is the same for European customers.

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I think the whole budget trading area is going to get too busy with too similar products and many will fail or merge. I just don’t see the long term viability of so many identikit companies especially now lock downs are over and people spend rather than squirrel it away.

On the flip side it does seem to be the new gambling choice to many people when reading the impatient treat it like a daily thing rather than long term investment. Will be interesting to see who comes out on top. Freetrade to win :stuck_out_tongue:

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