Unfortunately, I for one would have absolutely no use for pies or 24 hr trading, so would hate to see Freetrade waste resources on these.
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You can’t please everyone all of time. Freetrade need to concentrate on features that are most sought-after with minimal cost/time to implement and work backwards through the wishlist/roadmap.
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But why buy them out when Robinhood can leverage the platform and tech they have in the US at low-cost?
Freetrade have a pre existing userbase and platform set up and regulated in the UK. Robinhood don’t (as yet)
We’ve heard about Robinhood imminently launching here for years now.
I’m not convinced it’ll work this time either, unless they’ve figured out an entirely new business model not dependent on PFOF
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Will they even offer an ISA? Lightyear still don’t and that’s a big issue for a lot of investors.
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Robinhood are regulated by the FCA, under Robinhood U.K. Ltd (Robinhood UK).
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Being regulated by the FCA doesn’t imply ISA accounts. Lightyear is regulated as well.
Personally I’d expect them to offer a US based service like lightyear with how they operate. But we’ll just have to wait and see.
Odd comments about 24h investing don’t make sense to me either. Have freetrade ever said they were interested in this? There are other brokers for those interested in frequent trading and out of hours trading
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Getting mainstream coverage:
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What part of my post mentions ISAs or Lightyear? I was replying to someone else who had stated Robinhood wasnt regulated.
Ah I mixed up the icons of who you were replying to.
So it is just US stocks
Robinhood is offering commission-free trading of more than 6,000 US-listed stocks and ADRs (American Depository Receipts)
In they case I’d speculate that it’s going to be a similar style of general investing account as lightyear
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Looking like it initially -
“He [Tenev] said that, over time, the ability to trade UK and European stocks on the platform would become available.”
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do you know the valuation? thanks
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All these new US platforms that have been launching in the UK over the past year (webull, public.com now Robinhood) are all launching the same way - US stocks only.
They will need to flush out their features before getting widespread adoption here in the UK, the roll out of UK stocks, etfs and ISAs would need to be their next step.
In the case of robinhood are they going to go down the route of options trading? The accessibility of this on their platform in the US is in part a reason for their explosion in growth during the meme stock madness a couple years back, It allowed the ‘Average Joe’ to actually have easy access to instruments that were previously only available to the big boys.
In effect; here in the UK they will be operating a completly different platform than the one they offer in the US only the brand name is likely to be the same.
Robinhood are sponsoring Notts County this weekend in the FA Cup
https://x.com/official_ncfc/status/1730534711389241371?s=46&t=YidmX1L8bVIdkrEV6sQ0PA
That looks absolutely terrible!
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Just seen my first FT advertisement on YouTube for a while. Good to see some advertising is happening.
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