Just wondering whether FreetradePlus could be paid as an annual/monthly percentage for smaller accounts (<£5,000/£10?)
As i’m new to investing (1 year roughly), my account is small (<£1,500). As i’m looking to invest much more - ETF’s available for plus members (mainly L&G etf’s) would take up a large part of my portfolio.
But as a small account, £120 in annual fee’s (excluding etf’s TER) would result in 5-10% annual cost, which doesn’t seem the right idea for an account of my size.
Offering Plus at an alternative % for accounts smaller than £5,000/10,000 - could increase overall plus members (eventually becoming pay monthly members) and attract new customers?
I know this doesn’t apply to the majority of Freetrade members, as a fixed monthly fee is better for large accounts - but it could encourage smaller investors to at-least pay something for Freetrade