Freetrade share price 📈

[DimitrisChondropoulos]

Can you explain please?

[Big-g]

@Iamnotjuno

Literally nothing you’ve written is correct.

That is literally wrong Many parts were correct like FT charging 0.45% and the value of Amazon shares so not literally nothing.

[AdamL (Adam)]

Think his point is 1% is $1727 so its actually far cheaper to use FT assuming the 1% is correct.

[Vincent]

1% is not 0.1%

[Tom88]

At 1% FX fee HL would make $1720 on the Amazon sale, more than double FT. You just messed up the decimal point…

[Big-g]

I thought that part was wrong but assumed I may be wrong in thinking that

[AdamL (Adam)]

Apparently over £20000 it goes down to 0.25% so he may yet be right. Think you pay a significant ISA holding fee though.

[DimitrisChondropoulos]

I messed up the decimal point, it’s 1700 not 170. Hang me now!

[DimitrisChondropoulos]

This forex rate is for trades above 20,000£. I tried to find this before at HL’s website but still can’t, so I used what I found on Google Search. Anyway, in the future Freetrade will try to be competitive there too. At the moment they don’t need to be as they don’t have users with these kind of needs. I’m explaining how they will build their product to attract those users in the future.

[TickTock]

A Juno to not Juno moment. Brilliant

[Dave (Dave Smith)]

HL’s ISA fee is a % though, so if they have an ISA they are paying quite a lot on a big portfolio just to do nothing

HL may work out cheaper for multiple large US trades

[Dave (Dave Smith)]

OK, Didn’t realise it was capped

[Big-g]

@Bobster

There is no need to be so rude.It’s very interesting how you all sat by and said nothing to the notjuno. Yet you are all on me like a shot for nothing.

I liked your first comment as it was a good point but don’t understand the edited version as I don’t see anyone attacking you. Also, I highlighted Juno comment Literally 2 posts after he made them

[lizmcp]

Please stop ruining this thread, and others, for everyone. It’s not just the people who respond to you who have had enough.

[NeilB]

Can we just bring the tone up a notch or two folks? If we’re not careful this will descend further and the thread will be locked.

This community should be a space where we can agree and disagree but the tone of comment should remain the same.

I liked the piece from @DimitrisChondropoulos it was a well thought out post and raised some points around AUM and the Freetrade target market. @Iamnotjuno we need voices like yours here and I truly value your opinion and input but it’s difficult when you’re super blunt with people.

If we’re being precise the FX fee comparison on the transaction mentioned looks like this. (I know Amazon is traded in USD but it’s easier than working out the FX rate to get the FX fee for Hargreaves Landsdown)

Freetrade -
(£3455.88 x 50 = £172,794) * 0.45 = £777.53

Hargreaves Landsown -
FX fee is applied in bands
First £5,000 1.00% £50
Next £5,000 0.75% £37.50
Next £10,000| 0.50% £25
Over £20,000 0.25% £389.98
Trading fee £11.95
Total - £506.43

[Wulfy]

@DimitrisChondropoulos

At the moment they don’t need to be as they don’t have users with these kind of needs

But don’t forget of course when GME gets to £1 billion per share price…

[WBofGreenInvestment]

We really need to be like the All Blacks Rugby team and implement a “No D**kheads” policy on here. Argue the point, not the person.

[Raferoo]

Online broker TradeStation to go public via $1.43 bln SPAC deal

REUTERS/Gary Cameron

Nov 4 (Reuters) - Online broker TradeStation Group said on Thursday it would go public through a merger with a blank-check firm in a deal that values the combined company at about $1.43 billion.

The company intends to use the funds raised to increase its marketing spend in a bid to acquire customers and hire employees to lead the research and development of new products.

TradeStation is a financial technology platform which offers self-clearing online brokerage services for stocks, equity and index options, futures options, and cryptocurrencies among others.

The deal with Quantum FinTech Acquisition Corporation (QFTA.N) will be financed by up to $201 million of cash held in the trust account of the SPAC and private investment in public equity (PIPE) of about $115 million from institutional investors led by Monex Group Inc and Galaxy Digital LP.

[Tomlavallin]

Going to the Swedish language version of the Freetrade website, there is now a part saying “Launched in Sweden 2021” [Translated]. It appears that Swedish is unqiue in having this tagline compared to the other options. Im hoping for word on funding round soon.

[GMCay]

Apparently that’s “to be launched”:

Svenska börsintroduktioner

Diskussioner kring aktuella svenska börsintroduktioner.