Freetrade making moves, very interesting stuff!
Best bit of news in a long time,at last a smidgen of progress
I’m a customer of Stake, been told Freetrade will provide a £10-100 free share upon transfer so I reckon that’s a lot of the consideration.
Looks like stake users will be offered an opt in to transfer to Freetrade, with transfers happening on the 15 th this month. And as dk mentioned there’s a free share incentive
How many UK customers did stake have?
(Actually it looks like it’s opt out, stakes wording is weird. If you do not respond to stake they will default to transferring your assets to Freetrade)
This is interesting
While Freetrade offers access to over [number] of US-listed securities, it does not currently offer access to US-listed ETFs. To support the transfer, Freetrade will accept existing ETF positions of Hellostake customers, however these will be held as ‘sell only’.
So it means there’s some support for US ETFs at least in terms of visibility, presumably held by drivewealth. Just not an ability to trade in them for now
Isn’t the main issue with US ETFs just the fact that we can’t declare ourselves a sophisticated investor in the app? so we can’t buy ETFs without a KIID?