That’s part of the price you pay for having usable cash
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@hrochfor1 Do you have a link?
Sorry, no. Just google some of the lines from the screenshot and the article will come up.
Though this is nice, its a little disappointing to learn FT didn’t build this themselves because I’m there will be a fee involved in using TrueLayer. Seems counter to the objective of removing third party dependencies and lowering cost.
On the other hand, it does make me wonder what FT are using the saved-engineering-time on. Something exciting, I hope.
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TrueLayer used to show the pricing on their website for the Payments API. It was 20p a transaction, they have dropped this off their website now but wayback machine still shows this:
But that’s just the off the shelf pricing, with a partnership and scale the pricing might be more competitive.
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Given that Enterprise includes White labeling, I assume FT are using that. Who knows the pricing. It could be less than 20p because of volume discounts, for example, or more because of white labeling, premium support, SLAs, etc.
I mean, FT aren’t dumb, so I imagine they’ve weighed up the cost of implementing it themselves vs paying for a service. Often, at this stage, cost is traded off for speed to market and having OPEX instead of CAPEX. Hopefully it works out 
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Hi Zac,
To be fair to FT, from what I understood, their goal has always been to build a broker platform and be able to conduct trades with zero cost. It seems pretty logical for FT to focus on their core business instead of trying to create an open banking platform.
Or am I missing something ?
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I’m pretty impressed with the new deposit feature. Despite hearing hype for years, I’ve not myself found open banking being used much. Deposits were a major pain point, people don’t want to and don’t expect to manually send bank transfers. Now that they’ve got 200k+ users I think its better to implement improved deposits now even if it means using third party.
They’re past the point where many users are early adopters or investors, and the old deposit process would be seen as unacceptable by many new sign ups, better to implement now, they can build an in house solution later if appropriate.
If we want to see Freetrade succeed we should make suggestions often and offer insight, but criticise sparingly, so that when we do criticise its more likely to be listened to. The community engagement from Freetrade so far has been very nice. People have commented that Monzo community engagement suffered as they grew. Some part of that would have been the staff growing dismissive in their attitude to community posts, that could happen here too.
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AMA‘s replacement for the time being…
Whole share buying option once again confirmed.
The interview has been geared more to an average investor. Would love to see FT’s feedback on the Community’s input for the Plus account still…
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My favourite soundbite from @adam was about “FT bringing about a rennaissance in share ownership”.
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Small FT mention
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Interesting that both eToro and Freetrade have links in the article but not Trading 212, who are also mentioned.
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The Revolut guy pictured was Barclays’ supervisor when at the FCA, now moving on to… Barclays. Revolving door continues…
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We have some built in handling for FX fluctuations for the US limits flow, it’s pretty clear explained through the process IMO - but always keen to hear other opinions once they’re in the wild.
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It’s pretty competitive. Vanguard is cheaper assuming you don’t mind only Vanguard funds. but its only cheaper for so long. You need to hit about £100k for Freetrade to be cheaper on price alone, however, you have the other limitations of course, Vanguard funds only, no choice of when your order is executed etc.