Unless the thinking is they want to get rid of customers with small accounts who contribute nothing to their revenue/profit.
In which caseā¦seems to be working.
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Just want a desktop version tbf been a beta for a year
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- 1% interest on up to Ā£2,000 uninvested cash
Why hasnāt this been increased as an additional incentive and to off set the price hike?
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You think they should run a poll to ask if users are happy with a price increase?
And who exactly do you think anyone would vote for that?
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You and @SlimShadey both make good points. Even at the other end of the spectrum though, investing the full Ā£20k a year ā thereās still a 500% difference in costs between FT and its closest competitor.
I think thatās an unwise pricing strategy.
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Not even that diffrent options. Im not really explaininb it thag well
Thatās a stupid way to look at it though IMO.
As a % of a portfolio if you have Ā£50k invested the Ā£120 FT fee is 0.24%.
I would rather pay 0.24% of my portfolio and have it with FT than T212.
This is also ignoring the fact if you have Ā£4k cash in your FT account the fee drops to zero because of the 3% interest they pay.
Do T212 pay interest on cash balances? I donāt believe they doā¦
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I have, number of stocks have been added that I was looking for
also they added the
- CSV export,
- the activity filtering,
- recurring orders,
- stats,
- analyst data,
- divided information
among other things
All things ive been waiting for. I think people might be forgetting they have adding things
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The basics which they should have had anyway
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You realise it costs time and money to make these things? HL didnāt just appear one day with all these features. your comment baffles me.
If they had all the features and increased prices because it costs money to run a business, and you say āwhat have they addedā and then say āwell they should have these anywayā
I donāt get your point. It doesnāt make sense.
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I think you can transfer your ISA to another provider. I hope so anyhow as Iāve initiated a partial transfer elsewhere. Not related to pricing changes.
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Rolling the two changes into one is a good idea in this case 
.
First off. It would be great to know a bit more about what affected the price rises ? e.g how much is this down to inflation, how much is down to looking to improve revenue on the way to profitability etc. Not that we need to know, but out of scare curiosity 
Second, adding the annual pricing softens the āblowā though these increases are not exactly huge.
Annual pricing is something ive wanted, I know a few others have as well, so this change in pricing wonāt affect me as Iāll end up paying the annual price and paying the same. Glad this feature was added. Though a little sad I wonāt see a real world saving compared to previous pricing.
I do wonder if the Fx fee for the basic account might feel too prohibitive for some ? though personally I think the pricing for the other accounts are quite reasonable.
For investors it would be nice to know how this will help move Freetrade forward ?
Also, as youāre getting a little more money off me from Fx, im obviously expecting more features and improvements on existing features to come over the year.
@JamesBell fyi some questions
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How long until the next price increase?
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I think @Leeawill20ās point about a lack of engagement on this is a good one.
As an example, Chase recently asked its clients about its new 1% cashback offer before settling on a lower Ā£500 minimum monthly pay in to qualify which most of its customers seem happy with.
If FT has consulted clients more on this, it might have been able to strike a better balance too.
I take your point. Factoring in the interest, FT is still significantly more expensive though.
However, Iāll leave it there because I donāt want it to descend into calling people āstupidā etc.
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transferring out of Freetade is fairly straight forward, ive done it in the past.
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I said itās a stupid way to look at it. Not that you are stupid.
If they charge 1p a year and T212 charge zero itās INFINITELY more expensive.
But itās still only 1p.
If you pay lump sum for the year no price increase. So it could be that FT is tring to raise some capital in one go. Not sure how many users (1 million 
) but imagine all of them renewing at the same time?
But pain is in the FX increase. It was on the high side to begin with but now if you trade frequently then charges going to add up.
Also $ ETF seems to be the trend. Last add list had several of those.
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I have the sipp so i guess i can justify it more. But
0.45% is not high. Its pretty low. Especially for smaller trades.
Those complaining that FT isnāt worth it for lower amounts - FT want you to leave. They donāt want a lot of tiny customers these days. Thatās it.
A few years ago the market was all about getting numbers of users, now the market wants to see a path to profitability.
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