FT share price - IG agrees to acquire Freetrade 2025

Freetrade Chat šŸ”„
827

How much more fairer and ethical if Freetrade had agreed for B3 holders at Ā£2.60 reduced their share to the same as B1 holders Ā£2.08 and added the Ā£0.52 to B shares so instead of Ā£1.19 they received Ā£1.71 :pray::pray:

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828

So, as an investor from Crowdcube, they have, as far as Iā€™m concerned sold at a loss?
Am I missing something? Do they expect investors to keep their accounts open with them after this?

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831

In order, Yes, No, Yes

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832

Donā€™t think youā€™re far off mate. The recent push on maximising isa allowance and putting in x amount for x amount for free share.

833

Her hooves itā€™s a cow!

834

Happy March, anyone else back from their long (censored) hiatus.
Canā€™t wait to get the payout at this point

4 Likes
835

Traffic has certainly reduced on the Forum

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836

Iā€™m still trying to read through all the stuff still. Hehe

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837

Well i didnt have any decent amount of money to buy into freetrade. But at least now i have bought IG and will build on that so at least have a part of freetrade !! Sort of!!

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838

Have there been an further communications regarding the acquisition?
When is the acquisition expected to close?
How do we know which types of shares are which?
When can we expect payment for our shares in Freetrade?

An update from IG or FT would be very helpful!

5 Likes
839

I think the ā€˜hiatusā€™ happened to a lot of folks!

Just popped by to say Iā€™ve been on T212 for the last few months and I had no idea investing / trading could be this easy and efficient.

My 11 favourite points so far:

  1. Itā€™s actually free
  2. The lower fees on buying and selling shares has made a huge, huge difference
  3. The range of stocks, ETFs and instruments is massive by comparison
  4. All the instruments for hedging the recent market drop / FX swings have been extremely useful
  5. The 24/5 access to buy and sell makes everything easy - no more pre/post market panics
  6. Every position you hold actually tells you the impact of the GBP/USD fluctuation since you bought, in both percentage and Ā£ terms.
  7. They use AVCO to show you the real gain or loss - that is an eye opener! I mustā€™ve sold so many positions I didnā€™t actually need to over the years.
  8. The chart updates so much faster - plus thereā€™s a more in-depth chart to show volume and use moving averages etc
  9. You can partition your portfolio to help organise your holdings
  10. You get a push notification every week to tell you how much interest you earned on uninvested cash
  11. You can use trailing stops, buy stops and stop limit orders (which creates a limit order for a certain price once a given price is reached)

Happy to answer any questions.

14 Likes
840

Thanks for sharing your update, very helpful. Iā€™m still on the fence due to my ETF transactions with T212 being completed via OTC rather than via LSE. Do you have any concerns about this? Also Iā€™m seeing more posts like this popping up which makes me a bit wary

841

I havenā€™t experienced any snags with this at all.

I use a paid lse.co.uk subscription to track the live LSE bid/ask spread on ETFs and even when doing a market order, my fill price is bang-on with what is quoted on the LSE. I havenā€™t seen any execution outside of the official LSE spread.

What Iā€™ve actually found is that liquidity has improved. There were a few ETFs I would use on FT, where a limit order would sit there a while before getting filled, either that or they wouldnā€™t get filled at all because I seem to recall the FT market maker had a rule where price has to sit at a certain level for a certain amount of time before theyā€™d agree to fill it.

I tried the same ETFs on T212 and found my limit orders getting filled instantlyā€¦ actually made me laugh when it first happened.

But since then, Iā€™ve found T212 offer multiple versions of ETFs, with spreads tighter than the ones I was originally using on FT. Another massive money saver.

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842

Yeah I can vouch for that having an enjoyable experience. Still waiting for my transfer though

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843

Also finding T212 easy to use, no snags at all.
The transfer process was a concern, so I just sold my FT ISA holdings, withdrew the cash and then reinvested over on T212. My portfolio isnā€™t large enough to be worth messing about.
So far Iā€™m finding -

  • Deposits process faster
  • The interface/graphics took some getting used to, and Iā€™d prefer to change some if I can (maybe I just havenā€™t worked out how yet?)
  • Love the Pies!
  • The community isnā€™t as responsive to daft questions as here, and isnā€™t as easy to find answers.
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844

When I deposit in freetrade I literally get a notification 2 or 3 seconds later saying itā€™s arrived.

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845

For me, FT takes over an hour to deposit. T212 is there in under a minute at most.
I guess itā€™s down to variables like banks and stuff.

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846

My transfers are instant aswell straight into trading when moneyā€™s are in

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848

From todayā€™s IGG RNS:

Update on the acquisition of Freetrade

Freetrade has continued to trade well with performance tracking in line with the Groupā€™s expectations.

The Group is pleased to announce that it has received key antitrust and change in control approvals for the acquisition which is now expected to close in April 2025, sooner than originally guided.

26 Likes
849

I have heard freetrade adverts on the radio the last few days so the brand still being pushed.

1 Like