Freetrade in stealth mode working on a waiting list for users in Japan. As I understand, the first 1000 on the list are up for a chance to get Tesla stock.
I would really appreciate an update on EU expansion from the team. The launch date has been pushed back several times already and since we still haven’t got EU stocks I can only presume there will be a further delays.
Japan, Australia, Canada is all very exciting but until Freetrade launches in the EU it all seems a bit premature to me.
Err, I want the next crowdfunding round to be affordable to morons like me.
Could everyone please stop releasing good news about Freetrade, pumping up their guesstimates of the crowdfunding share price and also pestering the Freetrade team for developments! If anything, I’d like to hear some bad news.
Perhaps the makers of Angel Delight could sue Freetrade for trademark infringement over the shade of pink they use or something. Or anything. Bring that share price down!
This is great news. Japan is a very underserved market for similar fintechs and stock broker apps, and obviously a large and tech savvy population at the same time.
I recommend replacing the WhatsApp share option with LINE. Whatsapp is nonexistent here, and having the icon makes it seem like the country is an afterthought (bad for entering Japan).
Also, the share text (“Join me on Freetrade’s wait list”) is in English
So it looks like this would be covered by the UK-Japan trade agreement. Meaning Freetrade will face significantly less regulatory barriers than the EU:
Article 8.58-8.67
‘A Party shall permit financial service suppliers of the other Party to offer in its territory any
new financial service that the Party would permit its own financial service suppliers, in like
situations, to supply without adopting or modifying a law. This Article is subject to each Party’s
reservations as set out in Annexes I and II to Annex’
Freetrade appears to be covered within the definitions of a financial service this would apply to.
Going further down the rabbit hole… the UK is looking to join the CPTPP:
Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
(with agreements already in place with Australia and Japan).
I don’t know the timescale of the UK’s application, but being able to expand into these countries would be very exciting for Freetrade
Keen to hear from the Freetrade team in due course