The plus plan price rise of Ā£2 to Ā£12 a month, still represents good value to me.
My mobile phone bill has risen ~15% this year, gas and electric have had significant rises etc.
I donāt think the rise is unreasonable given the current general high inflation of prices in the UK.
As others have mentioned earlier, I think Freetrade should issue a statement detailing why they are raising the subscription prices - to remove any uncertainty around this change.
Putting up the fees is good thing? Seriously?
I am afraid if they need to put up prices by that amountā¦ suddenly I am getting scared.
It appears I canāt reply because we are in slow mode!
Does that just apply to me!
I have said on a few posts previously that I moved here from ii. It was cheaper and free to buy and sell, instead of Ā£7.99 per trade there as well as. Ā£9.99 a month fee for GIA and ISA. After the price alterations last August I dexided to stay at 9.99 and get a SIPP as I was already starting to move old pensions about, so moved them into my FT sipp instead of Pension Bee where I was aiming to put them. 12 quid a month is 2 pints of Guinness on a Friday nightā¦
So I will be sticking with FT however, as has been said, the fee for annual Plus should be able to be paid for from ISA/SIPP cash funds.
I think it depends depends what your perspective is. If every other business is raising prices to avoid going bust and FT does not, would that not worry you? I would far rather FT does what it needs to do to remain in business than to go bust. We would all be complaining about that, but not here. All on our lonesomes or in some other forum - probably asking why they were so stupid not to raise their prices to keep their businesses and our services going!
I get what you mean not saying there shouldnāt be improvement, just saying those are the models. If Freetrade moved to a % model, Id move my account to someone else for example. It just depends on what people are looking for
I am not. My statement was you are going over the top with āworth itās weight in goldā
That is over the top!
As an aside I have got plus. Maybe they will answer my question from yesterday!!
This was the answer to question yesterday
Hi
We received your message, and weāll get back to you within three working days.
Okay they maybe less than that but
Contacted trading 212 today reply in less than 1 hour.
Freetradeās original business model was never sustainable - Look at the share price of Robinhoodā¦ Nothing is FREEā¦ So looking back the company name now looks very strange but anyway Iām stuck with them
Itās still free to buy or sell a stock = Freetrade
In the very early days, it was a bit of a misnomer as it cost Ā£1 per instant trade, which, for those of us who came from the likes of HL, still thought was a massive bargain!
@Emmie, this is so on point, thank you for writing it.
Iāve been digesting the news about the price increase/redistribution, and also feel similarly about it. Itās fine to increase prices, but the lack of comms (about the increase and in general) is worrying.
Also, I appreciate the improvements that FT has been doing, but itās simply not enough. Especially in terms of adding features to the interface. Some sort of repeat investment interface is an absolute must, yet there has been very little progress on it (mostly feedback sessions due to really weirdly implemented initial go of a million standing orders). Dividend calendar has also been a feature that has been requested over and over. Changes to the plot interface (option for seeing a graph of the loss/gain instead of total portfolio) has also been raised several times. These are purely interface changes/features that donāt require external collaboration, third parties, bureaucracy, etc. As someone in tech, I am blown away that FT is making more progress in more bureaucratic areas than it is where it has the most direct control. Do you not have enough engineers? Do you have plans to hire more?
TBF it was cheeky as hell adding the European stocks by country to make the list look much bigger than it really was Same as adding lines for 1 and 7 day plus another for 1m and 6m etc. They have added and suggestions they have not are silly but they have also not really added great things people really want or are in Beta permanently.
Web page is pointless, recurring orders is terrible unless you want lots of long bank statements and the dividend info is horrendous as not in one place like a calendar. Donāt get me started on the app screen being smaller due to an inbox that now alerts me constantly for adverts I never needed or wanted and canāt turn off unless I turn off the important notifications.
It feels like jack of all trades and master of none attitude.
That said it is a free app and still very good and competitive and guess they have a plan they are not sharing.