From a separate thread it looks like Freetrade have reached 300k customers today, the below survey intimates they did this with just 11% consumer awareness! I read that as a very big opportunity going forward!
A fleeting mention only in a Sky News article focusing on Robinhoodās increasing scrutiny from US regulators:
Some people may dislike my thought on this but I actually think plus is a good reason in part because it provides a barrier for people to be less likely to yolo money into extremely high risk gambles on a whim from what someone says on social media.
Go on Freetrade!
It is alarming that more and more CFD platforms appear to be using share-dealing as a means to acquire more customers on to their platforms,ā said a spokesman for FreeTrade
Shots fired at T212
With an outcome even worse than etoro of course t212 didnāt respond.
Regular Freetrade readers will know the dangers of using these competitors and ultimately what they want you to doā¦Bleed you dry after youāve signed up for free share trading with leveraged gambling. Feel sorry for the 76% of their users that lose money not know what they are doing. The regulator really should be doing more.
CFD trading is risky but surely any trading platform would want returning customers; if they alienate a high percentage who lose money and they donāt return where would that leave the platform as there is isnāt an infinite supply of people who would want to trade this way.
The thing is CFD trading and spreadbetting can provide a similar emotional response to gambling. even if people are losing they still keep going back because there is the chance to win big via leverage. Itās addictive.
To a certain extend Share trading can be, but if you take away the leverage at least you canāt get into as much trouble
Ok, now thatās boxed off can we have a LISA!
Iām sort of semi jokingā¦ well done to the team at Freetrade on the new product launch!
No joke from me. V keen for a something better and cheaper than Nutmeg!
Freetrade mentioned midway. Is this article the result of the journalist thread the other day?
Her t-shirt is freetrade pink so sheās on brand. Or is that investor swag from R6?
Really curious that 212 never seems to respond to comments whenever theyāre in the news these days. I see plus500, etoro etc all responded.
Some very unfortunate examples in that article of how easy it is to end up in a huge hole. I donāt think it would be wrong to say that that same problem can be extended somewhat to normal share dealing especially with volatile very unpredictable penny type stocks that a lot of people essentially gamble on on the word of others online.
Am I the only one who isnāt paying for digital newspapers and canāt read that stuff behind a paywall? Ā£2 per week that are better spent on stonks