Be interesting to hear too.
If you assume a fully diversified portfolio invested just in the ftse 100 which currently yields around 5% then a portfolio of Ā£48k would get you a couple of hundred pounds per month.
Of course if you invest in a fewer number of higher yielding companies then you can do it for less than that but then the risks of dividend cuts etc start to affect alot more.
Iāve put about Ā£51K in. I havenāt worked out the average divis per month exactly, a good month can be over Ā£400, Feb was a bit rubbish, less than Ā£100. Iād guess the average is around Ā£200 though
All of the ones listed arenāt really comparable to Freetrade are they?
My understanding is that the likes of HL are so costly for people, unless you have a really large holding itās not going to be beneficial for you.
Iād put the likes of Freetade in line with Trading212 - Plus500 or most like RobinHood (though thatās not available in the UK yet).
Surely Freetrade blows all of the others out of the water when it comes to cost of using the platform? Then again Iām new to all of this so I may be confused or just not have a great understanding of the different platforms.
Established platforms can be cheaper than Freetrade under certain circumstances. For example if you want to start an ISA the platform fee at Freetrade is fixed at Ā£36/year. If your portfolio is small and you are only interested in investing in funds it can be cheaper at % based platforms that donāt charge fees for fund dealing (e.g. Vanguard Investor & HL). Also, some other platforms have no platform fee and only have dealing charges which can be cheaper if you make no more than a handful of trades per year (iWeb).
Even in circumstances where they are not cheaper some may still choose to go with an established platform for various reasons. For example:
$67 million funding just raised. App looks very similar to Robinhoods
But 1ā¬ per trade, roughly like freetrade when they started.
And Germany doesnāt have anything like ISAs so the same business model as freetrade cannot be directly applied.
Definitely agree with them on the quote. āāWe believe brokerage is poised for disruption driven by technology and automationāā . I think this is where we will see the companies who can endure and become the big players in the space.
are they entering UK anytime?
Iām not sure if thatās enough to dismiss them. We could say the same thing for Robinhood not having ISA accounts. We will eventually see them as huge competitors. I feel the current condition for competition can cause some complacency and freetrade is also still a startup figuring this out. But I wouldnāt be dismissive of any future competitors when the space is still for the taking. I feel freetrade should assume everyone coming into the space will be very technologically and innovation driven with huge backing.
Of course itās not enough to dismiss them. No idea where you read that in my post 
I literally just described the situation.
Any news on their valuation?
Cheers Manu. What are their user numbers like?
Very interesting link. Worth translating. Thanks. A good marker for VC interested in the sector and competition.
Theyāve managed to get on board some strong VC names in Series B. Most likely itāll emerge in a way that every country ends up having its own Freetrade, so European expansion for Freetrade in the first place is a bit of a tricky proposition in terms of value creation if it happens later rather than sooner.
T212 up to 700,000 funded Invest / ISA accounts and claiming to be adding a number of users equivalent to FTās entire client base every monthā¦ Not sure where theyāre getting the figures from mind youā¦ (thin air?)
edit: theyāve added 400,000 funded account users in the last 149 days, 2,684 a day.
I believe that in the long run, the vast majority of people using Freetrade, T212, AJBell, Hargreaves Lansdown, ii, ig, Vanguard, Revolut, or any other broker for that matter, will be wise to keep accounts open with several different providers at any given time. Why?! To benefit from the 85k protection granted to an account per provider. If I ever get to Ā£100k Iāll have it in 3 or 4 different brokers. Thinking of it I already am using 4 different providers and Iām not even close to Ā£100k
I honestly donāt get all this fussā¦ It does seems telling though
That Ā£85k is only relevant to cash right? Our holdings should be safe regardless of FTās finances.
Granted I will probably open other accounts, especially SIPPs (which may be cash heavy at times) but Iām not too concerned about the Ā£85k limit. When fees follow a flat rate itās best value when you have a larger account.
] Hargreaves Lansdown - Ā£HL