T212 seemed a bit dodgy to me in terms of customer support and requests on detail when I used the app. Don’t get me wrong it’s a great product but I just don’t feel comfortable having a lot of my wealth stored there.
Freetrade on the other hand are clear about everything, responsive, U.K.-based, have a better looking app (subjective) - and it helps that I’ve invested in two rounds.
Yeah I think Revolut is a competitor to a number of the emerging FinTechs. Monzo, Starling, Freetrade etc. And maybe even platforms like Emma and Yolt.
It does have a really bad rep in a few banking circles I’m aware of - heard some horror stories.
Although I have to say I ended up using my Revolut a lot more than my Monzo when I was in NYC in early March. Helps being able to have foreign currency accounts. But I’m only keeping spending money in there - not gonna store my wealth with them. No chance.
I’m awaiting an update on their terms and conditions as what they are saying publicly appears to be going against what their terms actually say. But I’ll see what they say. I don’t want to make this about bashing anyone. 212 have done a good job with adding stocks and engaging customers. They have a decent feature set but they’ve been around for a while so I’d expect nothing less.
Just a reminder to be kind and helpful to each other. It’s rule 1 of the community rules for a reason.
It’s easy to get worked up in front of a keyboard. Please consider your fellow forum member and the place we want to build here, a place of healthy discussion and learning. Always respond in a way that is kind and helpful.