Just checking if I can see R6 on mine - not yet @Freetrade_Team
2 Likes
Waiting for my badge too 
2 Likes
How do we get included in the exclusive list ?
Didnāt even know about another R6 sectionā¦
Please include in the R6 round group 
Thanks!
Same here please
And me please!
Same here. Invested but not part of the R6 group yet. Swag also hasnāt arrived yet (based in Switzerland).
1 Like
Iāve not received mine either, messaged Sam twice and heard nothing and itās been 2 weeks.
Also sent an email to Freetrade and not heard anything and itās been a week!
Not greatā¦
Same here, Iāve messaged Sam, see if he answers. Invested may 2020, share cert aug 2020, havenāt heard anything about badge or swag.
Same here and no answer communication has gone down hill latley. Hoping its due to the fact that European stocks are very close to being launched.As in launching in the next two weeks then all will be forgiving.
1 Like
Woooš
5 Likes
Within two weeks maybe not, but I do think there will be some exciting activity from mid to late August. Many ducks to get in a row to announce European expansion along with the opportunity to invest in Freetrade itself in the September crowdfunding round. I am sure it will be coupled with a fair amount of publicity which will lead to HUGE demand for the fundraise. The type that sets records and crashes Crowdcube! Crowdcube? Maybe, just maybe, the other thing keeping them busy is the option to invest in Freetrade directly through their own app - a la Monzo. Suddenly that Ā£5k you having sitting idle while saving you the monthly Plus fees is very well positioned to get you quick access into the biggest crowdfunding round this year. Think about it, create the hype around the European expansion, offer the opportunity to invest in the platform itself and require you to sign up for a basic account to participate in the raise. Ticks every, single, box and you have a customer for life that will eventually be able to trade their Freetrade shares on the app after IPO and keeping investing those profits through Freetrade. Win, win, win. Would that justify a delay in R6 swag? I think so, and while I might be dreaming here Iām excited to see how it all unfolds.
10 Likes
I really hope Freetrade havenāt wasted their time building this capability. There are several product features Iād prefer them to build first. The crowdfunding should be successful regardless of whether itās via the app or not.
2 Likes
They are looking to raise Ā£15m in the next round, letās see what that will cost us:
Crowdcube charge Freetrade a 7% success fee and an average of between 0.75% and 1.25% completion fee.
On the investors side they charge a 1.5% investment fee (capped at Ā£250 per investor) and a 5% success fee if you make a profit on your investment.
If you start to put some numbers to that it may help you appreciate the benefit of an in app investment feature, even if this is their last crowdfunding round, which it may not be.
As an investor, I never liked the 1.5% investment fee much less this new 5% success fee and thatās not even considering what Freetrade are paying directly that you and I donāt feel.
Freetradeās focus is to offer commission free investing and I couldnāt think of a better advocate for that than a commission free investment in its own shares. A feature that would likely pay for itself.
1 Like
These are all costs to the investors not to Freetrade. So I donāt see how this stacks up at all as business case for FT to prioritise over initiatives such as autopilot and fractional U.K. shares (which will improve the product and help drive growth and value).
Donāt get me wrong itās a lovely idea, but Freetrade doesnāt have 500 engineers and is moving slower than other high-growth Fintech scale ups so I wouldnāt put resources here. Particularly as I expect them to fill the round regardless of how they execute it.
We will see though!
2 Likes
Then FT should look to negotiate down the 7%!! Not build their own.
If you invested in the first couple rounds (before the change) you donāt have to pay this 7% carry fee do you?