Increasing the US order value limit to £25,000

Freetrade Chat 🔥
#1

This week, we’ve enabled a new limit of £25,000 on US orders for all customers.

It has been made possible thanks to our Invest by Freetrade platform, which has enabled us to make many other considerable improvements to the investing experience for our customers.

If we see continued demand, we will implement higher trade value limits for UK stocks, too. This will take a bit more engineering work due to the PTM levy.

Read more on the blog, and let us know if you have any feedback below.

When you invest, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Past performance is not a reliable indicator of future results.

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#2

Great work thanks very much!

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#3

All that is required now is to find £25k

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#4

The PTM levy is interesting. I didn’t know about that. Not a big amount on a large order, so I assume it would be passed on?

#6

I’m curious what it was about the old platform that meant this wasn’t possible before?

#7

Not surprised US was prioritised due to the 0.9% fee to buy and sell you’re looking at nearly £250 for £25k.
Please prioritise the PTM levy to allow UK stocks over 10k.

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#8

Welcome to the community!

Not really sure that’s correct considering it’s very easy to buy 25k worth of stock on Freetrade anyway! This probably saves 2 mins! But happy to see they have done it and look forward to the UK stocks being included. Nice work FT.

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#9

Great move on the 3% AER.

Any view on when the limit increase for UK stocks (PTM levy) will be introduced please?

Yes, well aware that one can buy shares in multiple batches but this could mean additional £££ during volatile trading sessions as seen during recent times.
Ok if buying and holding long time not so much if for frequent traders.

Cheers

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