CNBC reads Freetrade’s community forum?!
Also, not a shameless plug for Freetrade Not free PR at all
Good comments from @Ian
maybe someone at CNBC reached out to the competitors for comments. it’s quite common
Great response. Feeling even more confident about Freetrade.
Freetrade come out well in the comparison. Also Holly Mackay ( from Boring Money ) said newcomer Freetrade is one to watch.
On Monday Freetrade had its highest number of new customer sign-ups in a single day. Lloyds was the most bought stock on Monday. Barclays, Aviva, and Legal & General were also highly bought.
(Disclaimer - behind a paywall, haven’t read full article)
You can read the whole article here: http://archive.md/uRlSA
Nice one :freetrade:.
Also - from @saf’s post:
American stocks can be traded for free at IG
Where is the catch?
I believe you have to do a set number of trades the month before…
They introduced fees of £100 per year which can be offset by making 3 standard trades each quarter at £8 per trade, or using their Robo advisor. IG’s pricing in general is more geared towards heavy trading
Freetrade gets a tiny mention.
Freetrade gets mentioned alongside Hargreaves … no mention of AJ Bell, 212 etc.
I like that
Robinhood delayed.
Revolut head of Trading left.
212 is whitelabel of Interactive Brokers and will charge for things when CFD profits decline.
This commission-free trading game might be difficult.
I’m long on Freetrade.
Do you have any source for T212 being a white label of Interactive Brokers?
That’s a wild claim.
womp womp — Byeeeeee!
The co-founder said so when he was shiling on this forum. They use Interactive Brokers SmartRouting he said. Their stuff is on top of a $20B legacy player. If you check 212 execution venues you will confirm, IB is the only venue. How do you think they can enable features and add stocks easily.
The thread was banned I believe, but this is a news article that was still in my browser history.
Upon further dissection, the firm explained to FinanceFeeds that the firm is booking its trades for the physical delivery of equities through Interactive Brokers.
Thanks, I wasn’t aware of that.
Doesn’t surprise me - just wanted some sources to send people to when they ask me.
Freetrade described March to AltFi as an “insanely good” month from a customer and trading perspective, echoing App Annie’s report that trading apps had been the standout winner as the world was turned upside down last month.
“We’ve seen record account openings, with almost every day setting a new all-time record over the month,” said Freetrade’s chief marketing officer and co-founder Viktor Nebehaj.
On the 20 March, the Friday before PM Boris Johnson announced the UK lockdown and amid the lowest point of the market, Freetrade saw a 125 per cent jump in the number of accounts opened compared to the average of the previous weeks.
“We saw dramatic growth in trading volumes and we recorded the busiest days in our history,” added Nebehaj.