ISA cost for new/additional features

Freetrade Chat šŸ”„
21

Hear Hear!

2 Likes
22

I would pay an extra penny for my plus account to get decent reporting. I might be forced to start a spreadsheet - and thatā€™s not a pretty thing - trust me! fx = :scream: :1234: :scream: :1234: :scream:

2 Likes
23

Carnt justify anything atm the app is so poor feature wise

1 Like
24

Transfer to another ISA provider in specie (assuming they deal in the equities you hold)?

1 Like
25

Going into crypto is a big waste of effort when existing features are so bad and no auto invest or direct debit features

26

Obviously it is not a waste of time for those who want such a feature.

2 Likes
27

You have countless other crypto exchanges etc.

Iā€™ll consider moving my money out of FT and close it if they go all into crypto.

I know Iā€™m only one user but I wanted a broker for investment trusts and ETFs not another crypto company chasing the hot money and VC guidance to get in this space with all the web 3 stuff.

Seriously get the basics right for investing. Thereā€™s so much more to be done. The fact that I canā€™t buy a basic stock like IAG should be a concern before any crypto.

11 Likes
28

Yes I agree: find a broker that meets your needs - you will be happier that way.

3 Likes
29

Honestly Iā€™m with you on that one. I can see a broker maybe looking at crypto at some pointā€¦ but not until they have a standard investment platform that isnā€™t full of missing features

5 Likes
30

If the price of Crypto goes down then a lot of interest will fade. So perhaps riding the hype isnā€™t always the best approach when you have limited resources. The problem with crypto is that Bitcoin only wonā€™t be enough and there will be demand to grow and grow in terms of assets and types of products. Leave that stuff to FTX, Kraken etc. If shouldnā€™t be a priority for FT.

1 Like
31

A lot of the Crypto exchanges are not based in the UK so Freetrade could exploit this. Iā€™d welcome them going into cryptocurrencies

2 Likes
32

Why does the location matter? Itā€™s not regulated so doesnā€™t bring any benefits to the user

1 Like
33

Support British business and innovation

34

I think you mess up - You should have just tick on every feature

35

You could only select 4, but the most appropriate for me was none.

36

Iā€™d pay Ā£2 more if and when Iā€™d want to open a JISA.
It looks like theyā€™re thinking about some sort of halfway product between a plain ISA and Plus

1 Like
37

The trouble is there could end up being too many subscription products which in the end could confuse the customer.

GIA, ISA, ISA plus, Freetrade Plus, SIPP and so on. What Freetrade donā€™t want is to make things unnecessarily complicated.

5 Likes
38

To be fair itā€™s easily simplified on that, two product categories as below, other financial companies like Banks usually have a lot more choice than Iā€™d think Freetrade could come up with.

Accounts

  • GIA (free)
  • ISA (Ā£3 or free with Plus)
  • SIPP (Ā£9.99 or Ā£7 with Plus)

Subscriptions

  • new subscription name (Ā£5 a month)
  • Plus (Ā£9.99 a month)

Sounds like itā€™s a new cheaper subscription option between GIA (free) and Plus, usually something like that would help with user conversion to paying subscription fees which are probably Freetrades main revenue.

1 Like
39

Also Iā€™d hate to see freetrade put on so many fees that there could be a risk that maybe even some legacies become cheaper for some people.

Going from the airline business, itā€™s no secret that sometimes Ryanair or easyJet are more expensive than British Airways or Lufthansa once the base fare is not cheap and all the add ons make the experience more expensive.

(This whole thing is situation dependent) but it could be a possibility)

2 Likes
40

Also sorry to have to say this. The fact freetrade wish to try to find space for more fees makes me wonder if freetrade is having a profitability issue.

I donā€™t enjoy having to say things like this, but thereā€™s only so long you can hold back for.