Freetrade does not yet offer DRIP but it is a widely requested feature which Freetrade hopefully consider offering at some point. You can express your interest by voting for it here:
You can pretty much invest whatever dividend you receive within a day for free by choosing the 4 pm option. If you allowed Freetrade app to send you notifications, you will be informed as soon as the dividend hits your account
I couldnāt see another topic on this subject so iām creating a new one, sorry if thereās already an existing thread for this.
It would be awesome we could get automatic dividend reinvestment on the shame shares that paid out the dividend. Iām currently using HL as my broker and i love Freetrade and want to move my whole portfolio over, but have resisted because I donāt want to do this manually for now.
Not sure if you have this on your roadmap but once itās in iām moving everything over!
HL have this without fractionals, The money just accumulates til itās enough for a full share. although that could take a long time if you only have a handful of shares
Frustrating, hoping itās been quietly worked on and not shelved indefinitely. need more (quality) engineers at this stage! Development output in customer facing features need to speed up, not slow down.
Trading212 have just positioned themselves to be by far the best broker in the UK by functionality. Theyāve just released their auto-reinvesting feature with automatic re-allocations.
If FreeTrade doesnāt respond with this feature within 6 months, I fear the battle is lost.
FreeTrade may be young but once people get used to the new advanced features on 212, theyāre unlikely to switch.
Would love automated investing for my monthly etf stocks ASAP please!
It need Freetrade to do my cost averaging for me and save me from myselfā¦ I need to stop trying the time the market - I wait too long and fail to buy the dips!