Thier terms of use, transfers section. No mention of the fee. As this appears to be a new fee… I might have valid cause for complaint in the eyes of the FOS.
What do you think the FOS would say if it can be proven that this £25 fee miraculously appeared overnight?
I think you will find complaining an even bigger inconvenience.
The T&C’s that you have posted clearly indicate that a transfer out charge will be incurred. Anyway, I think that this is now veering off the main purpose of this topic thread and so will not comment further.
I don’t understand this, if you sell and buy back at the same price what does it matter whether you were up or down? you won’t lose anything other than spread and possibly FX fees. If you don’t think the shares are worth buying at the current price why hold them?
Of course if you made enough of a gain to pay CGT and the shares weren’t in an ISA then it does become a problem
Where is freetrade on its journey in its path to profitability. I appreciate this is a risky question, absolutely!
The thing is I don’t want the hassle of having to cash out everytime a new gen broker goes bust, and from the discussions I have seen on the internet, there are many discount brokers who are yet to have any path to profitability.
That will get really tiresome and tedious, really quick.
In that sense I wouldn’t mind knowing in realistic terms where freetrade actually is on its journey to profitability.
Of course I wish freetrade well, I truly do. But at the same time I don’t want a re-run of Orca every 6 months to a year.
Also my thinking and why I only have “play” money invested with FT
Any serious investment is with an established broker.
Never heard of Orca, what were your reasons for investing with them in the 1st place?
Can see Invest Engine not lasting the year also and being bought for pennies to the pound.
I have my SIPP with Freetrade and ISA with InvestEngine currently.
I like the fact Freetrade do have fees and aren’t in the race to the very bottom. It’s responsible and reassuring from Freetrade.
I think InvestEngine will be ok. They have company accounts, full tax reporting and the features down the road are very similar to M1 finance in the US who are exceptional. They will monetise more in the near future.
I think Freetrade will be a juggernaut 
Waiting for fractional ETF’s and autopilot with Freetrade to bring my ISA home.
They must be confident that PFOF will either not be restricted or Trade Republic can generate significate revenues without it. 5bn is a big valuation, Robin Hood are only worth $8bn.
Probably they are still growing a lot. Plus having Sequoia in the cap table always helps in the fundraising
Sequoia are a big beast and a great rosette to pin on your chest but I’d love to see Trade Republics CAC, Cash burn and route to profitability.
Regarding my conplaint.
It appears my complaint has been successful.
All fees have been waived.
I think saying you will go to the FOS and be willing to mean it, certainly made them see sense.
Isn’t it lovely!
To anyone who is benefitting from this, please send me bottles of rum as a thank you 
etoro
The company that refuses to honour the uk/us tax treaty and charge you 30% dividend tax
The sooner I can get my investments off that platform the better.
Really,thats disgusting to be fair,is it even legal?
That is a full misrepresentation of the story. They withhold as required to do so. They could claim back (and so could you) - but they are not obligated to do so.
Yes. It is your job to sort out your tax position not the brokers. The broker is usually legally required to withhold tax at source unless the tax provisions allow them to go through some often very complex processes. This is why most execution only brokers don’t reclaim withholding tax from most countries. And only some do for the US.
Ahhhh i see,i thought it was just done for you like freetrade does it.thought it sounded a bit dodgy.
