Come on @Freetrade_Team seems a no brainer
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any new executions from freetrade team actually? no idea how’s things going on
Actually had quite an engaging day with them yesterday. Nice to have a day like that lifts the whole place up
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Has any one else noticed a j bell and hargreaves landsdown advertising pretty heavily on tv and radio i assume trying to attract money with the new isa year on the horizon.
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Yeah, I often see Vanguard ads on Youtube
mind to share?
I got an email from eToro yesterday saying that they have partnered with TradingView to upgrade their charts.
I did not like eToro as a platform but this makes it a little better. If FreeTrade upgraded their charts it would be really appreciated. They let it down a bit (although still prefer FT over all).
https://www.etoro.com/news-and-analysis/trading/advanced-analysis-tools-available-on-platform/
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Also, iirc going from what I’ve read, they are due to be adding out of hours trading for us stocks at some point in 2023.
Iirc it’s somewhere in the region of August
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Lightyear are making some small increases to their fees, plus they have started to add UK stocks (100 so far):
US shares 0.10% - $0.10 min · $1 max
UK shares £1
EU shares €1
Currency conversion 0.35%
Uses the live interbank exchange rate
Fast deposit transfer 0.5%
After free £500 lifetime allowance
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Oh inserting, so they’re introducing the commission Freetrade removed.
To be fair those fees are pretty small
Well they don’t have ISA though. Their fees will only go up.
What’s a fast deposit fee ?
Lightyear class a fast deposit as funding the account using a debit card, Apple Pay or Google Pay.
I assume funding the account using a direct bank transfer is still free.
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I think FT is missing a trick by not charging a mark-up on top-ups by card, Google Pay etc.
Competitors are charging 0.5-0.7% and I’d imagine that’s not all costs being passed on.
I used my Google Pay allowance on FT years ago, now the button’s a waste of space in the app.
So long as you keep free options, it’s reasonable to charge for card payments beyond a ‘free’ limit.
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I agree. But… The cost to Free Trade will be at least 0.5% though, perhaps more - take a look at how much Stripe charges for debit cards. Therefore perhaps FT would need to charge at least 1.5% to cover the cost, and therefore it’s not worth it as people will complain. Perhaps Lightyear are willing to take a hit in short term to grow balances.
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Yeah, such services are expensive so it’s never going to be a big money spinner. A 0.1-0.2% mark-up on costs could generate some income but only a limited number of clients will pay to use a card when there are free options.
Totally agree. Should be a priority for them tbh
HL have removed their fees for automatic reinvestment. previously was a minimum of £1 for automatic reinvestment of share dividends, its now £0
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