Freetrade Competitors

True, as Dave says though could be an issue for people taking out Ā£11k (which isnā€™t anywhere near what I could do) but a lot of it is the principle of the thing as well. If it were up to me, it would be illegal for any ISAs not to be flexible!

[quote="rehpot, post:1083, topic

Also a good point, but not such an issue for me, I totally avoid non-UK investments both due to this and because of withholding taxes.

:2599"]
it doesnā€™t have the greatest range of investments
[/quote]
Thank you for this point, which is why Iā€™ll be researching the company, not necessarily switching. I did have a cursory look for their investment universe and couldnā€™t find anything so was going to take another look nearer April.

Just for avoidance of doubt, I do like FreeTrade and am not looking to switch, I would only do so if I thought the competition was substantially better which I donā€™t think it is currently. However, this is the most attractive alternative Iā€™ve found so far, especially the flexibility part which I think should be standard to all ISAs.

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I can see both sides of this.

On one hand, Iā€™ve previously maxed out my allowance but in reality only utilised two thirds of it that year because I needed to make a withdraw for some short-term liquidity due to unforeseen life events.

On tā€™other, part of me likes a non-flexible Isa as Iā€™m investing for the long term and it makes me think twice about withdrawals. If you need to withdraw within five years, you should hold cash instead.

That said, Iā€™m all for flexibility and choice.

Edit: Iā€™ve just had a look at the CMC app. To my surprise, it doesnā€™t even have VWRL/VWRP although it does have VWRD ā€“ presumably so clients have to pay a forex commission.

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Iā€™ve taken more than Ā£20K out of mine this year and paid off my mortgage with it, as it happens I canā€™t afford to put it all back this year. But If I did earn enough to put most of it back a Flexible Isa would have been useful

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I want JP Morgan to buy freetrade

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What are peoples thoughts on the IPO avenue again? I know itā€™s become an unspoken term in this space. However, the state of private market investment may be less favourable than the public markets currently. FTSE at all time highs. Live opportunities on Crowdcube highlight the lack of retail interest. Many macro reasons for this, Iā€™m sure the changes to the cost structure at Crowdcube didnā€™t help.

Investors response to Freetrades polling on future funding interest and inferred share price was damming for Crowdcube as a reliable mechanism for funding. Maybe we are all feeling burnt on the development promises made over the years

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Lightyear have started to add German shares and ETFā€™s

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Looks like im moving my childs jisa their

I just saw the HL news today. Great news for me and my wife as we both have LISAā€™s with HL.

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Ive seen that was holding my jisa until freetrade release a jisa. But doesnt look like its happening at all. So will be sending it to HL

I got the email in my inbox this morning! Really pleased since I had my recently open LISA and JISA already there.

A little bit sad that Freetrade is still not offering either, and now it might be almost impossible to compete with HL on that space, since they removed most of their fees.

T212 giving 1% cashback for ISA deposits (seems only for ISA year 23/24)

Good offer but new customers only

You should post this more often - Itā€™s excellent!

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Isnā€™t the new holding charge of 0.25% for LISA there same as AJ Bell charges for all its accounts?

Yeah. T&C states

your Invest Account will be credited with Cashback. You will need to maintain or open an Invest Account in order to receive Cashback. If you do not have anactive Invest Account, you will be able to receive Cashback if you open an Invest Account before 5 April 2024.

Each Cashback is eligible for withdrawal twelve (12) months after the respective Award Date (the ā€˜Lock-upPeriodā€™).

During the Lock-up Period, you are allowed to freely use it as Free Funds and place Orders in line with our Invest Terms.

Another way to read it is ā€œwe want people to buy stocks in invest account so share lending can happen.ā€

So long as you donā€™t hold an ISA with them clause 3.2 letā€™s you join with other of their products. Itā€™s a strong offer. You donā€™t have to put extra money into their ā€˜investā€™ account so it is up to a Ā£200 give away.

I hope Freetrade can respond with an offer or they might lose out on a lot of new money coming in.

Id love to transfer my wifes sipp to freetrade but the fact she doesnt invest in isa i dont fancy paying 12 pound a month. Would be a good idea to have a price just for sipp users

They had this previously, it was Ā£9.99 a month, but only Ā£7 a month if you had Plus (which included ISA), so Ā£16.99 a month.

They then simplified pricing, making the SIPP and ISA included within the Plus price of Ā£9.99.