Freetrade Competitors

Other Fintechs đŸ“±
362

Usually the whole industry gets shaken up 
 not just the ‘budget players’ . As an example look at the saga with Budget airlines. Or the UK Supermarket shake up. The way I look at it is competition is good when the customers benefit.

And you are right many companies will merge or be liquidated.

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363

Speaking of useless
any news on trading 212 reopening in UK?

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364

Almost a year now!

Screenshot_20211119-172346
Screenshot_20211119-1723461080×2300 199 KB

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365

Still useless then
 :fishing_pole_and_fish:

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368

At the AMA you’ll hear Viktor say that they’re not planning on expanding into USA or China. He worded it better than my memory so we’ll wait for it to be posted.

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370

Juno did you forget to switch back to the @kuger account? Because I think you did.

Edit - Brian deleted post that now ruins the ‘got ya’

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Juno taking that long walk alone
images

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And the many pseudonyms of Juno

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I believe what was meant here is that in the US there are many low cost trading companies [some of them are very big names] and the main differentiator is “service”. So @kuger is simply saying that if there are loads of companies here with low fees the differentiation will have to come through service.

377

Or the many split personalities that are always on the side of annoying rather than entertaining :wink:

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379

Does anyone know what trading app has the lowest FX fees when trading US stocks?

Would be much appreciated. :+1:

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381

Lightyear currently have no fees except a 0.35% currency conversion charge up to ÂŁ3K/mo.
Stake charges no FX fees on trades. Only on deposits and withdrawals. USD account only.
Revolut - no FX fee on trades. Metal membership required.

All the above don’t offer ISAs or SIPPs and have smaller universe of stocks

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382

AJ Bell launching a competitor in the free commission space

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383

In other news AJ Bell sh*ts itself but does too little too late 
 :wink:

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384

Can a large legacy company can just copy what a fast moving start up can do. It’s been seen many times that you can’t just copy the features of the challenger and suddenly poof the challengers melt.

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385

Unfortunately, I wouldn’t describe FT as a fast-moving startup ATM. There have been about 2 new features all year.

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Erm 


Fast

intransitive verb

  1. To abstain from food.
  2. To eat very little or abstain from certain foods, especially as a religious discipline.

I didn’t see a single vegetable in the whole office, just Pizza and Beer!

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If features were food, FT has been on Ramadan all year! I checked back through my app messages the only 2 things released were live pricing and instant bank transfers.

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Didn’t they ship SIPP this year?

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