Freetrade Competitors

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:rage: 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.

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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.

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Ahhhh i see,i thought it was just done for you like freetrade does it.thought it sounded a bit dodgy.

It doesn’t do for any country other than the US and even then doesn’t do 0% in a SIPP.

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I only invest in ISA tbf.

Will be interesting to see how this develops

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Just saw a John Lewis advert for finance. It has partnered up with Nutmeg to provide a ISA/JISA etc.

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Lightyear launches in 19 European countries

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Would be a great time for Freetrade to release something positive

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They’ve moved quickly. They only just launched in UK. Sounds like they have some big ambitions.

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No ISA so In my mind not really a competitor.

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They’re moving fast and this should be a concern for :freetrade: - that said they’ll need to be offering some tax-advantaged accounts before they’ll get any serious AUM.

Did they build any tech them selves are they white labeling?

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Also ‘Lightyear’ is just a dud of a name. No wonder Branson opened up his chequebook.

19 new countries? Wow

In how many countries is Freetrade ? :joy:

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Likely not. We already know they are using Alpaca for for US trading. I would imagine they are using an established 3rd party for EU stocks, something like Saxo perhaps?

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Meanwhile Freetrade delays it’s EU launch for the nth time, apparently because they haven’t got Swedish ISKs ready.

All that effort for a waitlist of a few thousand people, half of which have probably got bored waiting and are using other providers :roll_eyes:

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Revolut launches ‘learn and earn’ crypto courses. Basically free DOT tokens (worth around £13) if you are willing to watch some videos and pass the associated quiz.

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