1m is just a vanity metric. Anything near that will be extremely impressive. Iād be more concerned with Freetrade timing their CF round effectively around the EU launch.
Yes it is. But we are raising from the crowd.
Also investors surely care about active numbers and not just people who got a free share from an influencer or people who will jump after the meme phase ends. I think FT will do VERY well but I also think many brokers will have a dip when everything opens up totally and people want to spend their money on actually doing things.
Worrying about the user number is not really important compared to other KPIs.
Forget Europe for new customersā¦ imminent expansion to Australia as well
Absolutely ripe for disruption by FT. Many still paying AUD$10 (minimum) for trading through the biggest trading platform (CommSec). A few small local players signed up 100k+ members and Robinhood AWOL since 2015ā¦
Bring it on!
Shout out to other Aussies in London
As a fellow Australian, yes great opp in Aus however it requires full market penetration to really move the dial signups wise. Europe however has the potential to onboard huge numbers(10m+) and is not a one player wins market.
Why wouldnāt Aussies use Stake, given that itās an Aussie company?
When did Freetrade say that they will crowdfund in September?
Last AMA
I donāt think they are planning an office there
I listened to the earnings call for CMC Markets the other week and they are investing heavily into their stockbroking app in Aus. Seems like a market which is ripe for the picking
Just had someone sign up at: 777,4**
Steadily tracking at 1500 a day!
A friend is opening an account
Processing top up for 15 minutes now. Any ideas?
Itās an iPhone 7 plus
Edit: sorted
#7782XX just signed
Itās on the waiting list now
Waiting for next weekās reveal
Why do people X anything other than the last numberā¦? Or at all?
Well for one, account numbers might not increase by 1 each time (although everyone is assuming they do). The last digit could easily be a check digit, in the same way that the last digit on a credit card number is. So, you need to obscure at least 2 digits to be sure of privacy.
As to why hide any digits at allā¦ nobody knows what the account number can be used for. Itās safer to keep it private if possible, rather than accidentally divulging something that might later turn out to be important, especially when coupled with other information like name.
Privacy from who or what? People are talking about anonymous friends from anonymous usernames.
Yeh I guess itās prudent to drop 1 number but it clearly is tied to number of users so itās not a check.