2019 revenue was £86k, 2022 revenue £15.6m .
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The rollercoaster ride of Robinhood’s stock post-IPO has definitely been a topic of speculation. For those intrigued by the market dynamics and considering developing their own trading app, this guide on building an app like Robinhood might offer some valuable insights: https://www.cleveroad.com/blog/how-to-build-an-app-like-robinhood-and-make-it-viral/.
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Sounds like it is the Christmas list feature then…
Crazy that an established website like Money Week can report dross like the below, can Freetrade reach out to get the article updated?
Although Freetrade is known for its low cost commission, it still takes a fund fee of 0.15%.
If the BoE interest rate is 5.25%, how can Freetrade offer 5.33%? It means that Freetrade is losing money for every £ deposited? I don’t get it
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These arent Freetrade products they are ETFs listed on the open market.
The ones listed are tracking the USA Fed reserve rate which is currently in the range of 5.25% to 5.5%.
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Yes saw that and have reached out right after publication and just again now to get it changed. It’s incorrect obviously 
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We don’t take a fund fee.
The 0.15% is the fee from the fund manager that is embedded in the stock price. You look at the Key Information Document (link in app instrument screen) to see more details on costs and charges from the fund manager.
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Hi Adam, I raised this so Alex could reach out to the author as this was incorrect.
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Indeed thanks. That got sorted!
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Are the treasury bills able to be included under the ISA wrapper or are they a stand alone account and need to be funded from GIA ?
They don’t appear to be ISA eligible at the moment.
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Yeah it would be so good if they were but I guess we have up to 500 as of April.? I did ask this on the other thread and before thst we have the old rates?
Aren’t they taxed like income so the £500 isn’t applicable to these specifically i.e 20% or 40% depending on your tax bracket.
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No, for 2023-2024 tax year you get £1000 of dividend income tax free, then you pay tax based on what tax band payer you are link below.
From April 2024 it reduces to £500 a year.
Dividend income is taxed at a lower rate than earnings tax rate
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Am I right in saying if you have treasury bills you will have to fill out self assessment and pay tax? As they are income (not dividends so no allowance unless you earn under £12750pa)
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That was what I thought, they are treated as income and separate to dividends and the allowance. This seems to validate that: FAQs
‘How are Treasury bills taxed?
Although Treasury bills have the same credit risk as gilts – they are sterling denominated unconditional obligations of the UK government – they are not classified as gilts for taxation purposes. Because of this they are covered by the taxation rules which apply to deeply discounted securities. In essence, these specify that if an instrument is issued at a discount of more than 0.5% of its redemption price, (multiplied by the period of a year represented by the maturity of the instrument) they are captured by the deep discount taxation regime. So any profit made by an individual as a result of buying this bill would be charged to income tax as income when realised (i.e. when the bill redeems or is sold on).’
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Thanks Neil will stick with cash ETF in iSA and SIPP keep things simple!
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