Nice announcement from robinhood meaning quicker access to cash if needed after selling trades 
Starting 28 May 2024 the trade settlement period will be just 1 business day (T+1) instead of 2 business days (T+2).
Yeah looks like 3 + here
Just for a little colour the shift to T+1 is happening for the US market as a whole. We’ve been working on changes with our broker dealer to make sure we’re ready for this.
You can read a bit more about it here: https://www.sec.gov/oiea/investor-alerts-and-bulletins/new-t1-settlement-cycle-what-investors-need-know-investor
Interestingly there’s discussions starting about moving the U.K. and maybe European markets to a shorter settlement cycle. But this is a few years off still.
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Just been looking at Top Charts for Finance category on the Playstore.
T212 are currently 14th while Freetrade are languishing at 154th.
I hope the recent good news will start lifting this up, however, for all those who haven’t left a review get your 5***** out.
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You bad boy only just installing freetrade again
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It was updating!
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I’ve always wonder how high the churn rate is of T212 v :freetrade: - given the high % of users who loose money it must be pretty high.
Adam always used to say something like “We want to become your lifetime financial provider, sharing in success”
But 154 is jolly low, it can’t be an important metric otherwise internally they’d have to targeting it, right?
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Oh I don’t doubt the churn rate of T212 is mucher higher but I think reviews do matter and I think Freetrade beleive so too.
Looking at most recent Trust Pilot reveiws awell the last two are both negative and Freetrade have been responding to these reviews so clearly putting effort into reading them and replying.
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And T212 offering 1% cash back on all new isa deposits this year , every little helps not a customer but it’s all things that tempt people
Leaving FT, sadly.
2 reasons:
- it will save me hundreds of pounds
- new features and pipeline are more in line with my needs.
I have no complain, best of luck to FT and her investors.
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After some consideration and plenty of gin 
, I’ve decided that I’ll keep both accounts active LOL
Not just because I really like FT minimalism, there are several scenarios where having 2 brokerage accounts (one with FT and one with T212) is an advantage. There’s no rush, anyway.
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I have assets across 5 brokers.
Never put all your eggs in one basket 
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I’m in the same situation and have been tempted to transfer my ISA to 212 and benefit from the 1% sign up bonus and no annual fees. But I also like the simplicity of FT and the UI. I’m contemplating dropping down from annual billing to monthly so that I have the flexibility. Was it just the minimilsiam that made you change your mind or anything else?
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Currenl6 with hl and and freetrade. Looking at 212
So I looked into this T212 ISA it would cost me almost £600 in US security transfer fees so about 5yrs before I see any savings taking into account the Plus sub. And that’s assuming their ISA product stays free. Alternative is to move as cash but far from ideal as that’s another fx hit, a lot of missed dividends and the possibility of getting hosed on price volatility.
yrs ago they wouldnt let me open an account, I forget why…and now i’m not seeing the upside. Still pretty happy with the FT offering as I use the SIPP so it works for now.
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The high costs in my cased are caused by a high volume of emotional transactions. As my investment approach get healthier, the transaction costs become less and less relevant, and FT just fine.
T212 would offer me a safer space to take more risk and keep cash idle, at a low cost. I would not want a card to spend my idle money on FT, I hardly keep any idle money as opportunities are everywhere and it never lasts long. Cards and investment are best kept separated, at least to some extent 
Also, one of my kids could start using T212 and I want to be able to advise, if and when needed.
Finally, without giving up my age, different generations tend to be confortable on different platforms. FT is a very good match for mine in many ways, including the community forum (that is part of the package)
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IBKR isa only £3 a month - waved if your transaction fees exceed that.
Also cheapest way to buy US securities
Just to give an idea, my total FX cost in 2023 was £1,780.
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When in 2022, I spent £4,992.40 to buy 61.6 Roku shares (no comment!), of which the FX fee was just £22.37. Standard account.
Welcome back Simon we’re glad you decided to stay
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