With a platform fee of 0.45% certainly a good money spinner for close to 0 effort.
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Iāve had a thought recently about all these robo-investors Moneybox, Plum, now Monzo etc. There is starting to be a small but growing awareness that these big ETF providers like Blackrock and Vanguard are using their significant shareholdings in the worldās biggest companies to push their favourite ESG goals, rather than staying politically neutral like you would expect from companies with a extremely diverse customer base.
Even if you personally are aligned with their goals today, eventually they will be putting your money to work to pursue goals you donāt agree with.
This is still very much still in the realm of crackpot conspiracy theory but I think it will go mainstream in the next few years and it might be a good marketing angle for FT that indivdual stock picking isnāt āfeeding the beastā like passive ETF investing does.
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TR has launched bond offer in Europe.
So basically offering stocks + crypto + bonds + options on the continent for 1eur commission per tradeā¦
Also 4% EUR interest on uninvested cash
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they still need a lot of additional features to keep their Ā£4bn valuationā¦
TR downloads are 50% down vs 2022:
Freetrade have likely missed the boat in their European expansion. Sweden seems to be taking forever to get going.
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Itās one of the reasons it might be a good idea to invest in one of the other etf providers
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Freetrade Company Update - September 2023 email is outā¦
Yikes.
Can you copy main details over? Not had email yet
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Email went into my junk/spam box. Try yours!
Itās not arrived to everyone yet. Me and several others have had nothing. Yet.
Bad news? I didnāt get the email either
Trading212 is introducing extended market hours from next month (20-Oct-2023) for US shares.
Includes pre and post market hours.
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Monthly updates might not be going out to everyone.
On the last crowdfunding round, Freetrade (disappointedly) had monthly updates only for anyone investing Ā£10K+.
Iāve not received any update either.
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Hopefully Freetrade will get this in two years time.
Nothing significant in the update!
I am not sure what they are developing!
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Any financial updates?
The update in a nutshell:
- Money market ETFs
- Crowdfunding
- Which? recommended provider
- Inbox preferences
Pretty underwhelming, I was hoping for the latest on adding funds, Lisas and Jisas which were said to be among the next features in the works.
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not surprised theyāre doing well. Also with the changes in fees (while the ad-hoc fee is still high) it makes a number of actions on the platform cheaper overall.
All the growth come from the increase of the interest rate revenues. Transaction fees are down year on year