Great to see more updates coming from the team, I hope it is a sign of a soon-to-come roll-out!
The pricing model is very transparent and fair, truly reflects technological advancement as opposed to a need to cover manual-entry overheads (hello HL).
Apparently, the team has SIPPs on the roadmap, maybe other markets potentially (Japan/Hong Kong) so I believe it would be interesting to consider how they will tap into the pricing model. Would you inflate the Alpha cost slightly or implement an additional, more premium subscription? If the latter, it would be interesting to see all Alpha features + free SIPPs + other market’s free transactions and how those will be different to Alpha.
I am not sure what cost you as a broker would incur to administer SIPPs but all the other archaic brokers tend to charge 0.5-1% of the capital annually, hence if it must be %-based, it could be a benchmark to consider when modelling revenue forecasting with various pricing mechanisms (and indeed interesting to see what pricing structure Freetrade will come up with!).