Not to mention what what said on TV earlier .
How what had happened the last couple of days be a free market? Fair play to Freetrade for being transparent.
This is manipulation by the global banks, shocking. Feel sorry for Freetrade trying to do the right thing all along.
Upgrade to Plus to buy some US shares, get a notification that I can’t, then downgrade again. I hope I don’t have to pay the 9.99 at the end of the month
There are probably over 50,000 Plus users who are in the same boat. I hope FT find a resolution for these users
Had to request a cancellation of my Plus account. No point in having a Plus account if I am unable to use the features that I have signed up for.
EDIT: Removed the part that was deemed inapprorpriate but my point still stands. I am now left paying for a service I cannot use
Just bought a plus account to buy gme, now it’s not available. Can’t believe this.
what will happen to my money? will i get it back?
Purchase Plus yesterday & deposited to buy GME and now my money isn’t even available to withdraw…
Also, degiro are still taking UK orders on GME and AMC.
@Freetrade_Team @Viktor @Freetrade_Admin Can you please tell us
“How does your FX providers position only relate to buy orders and not sell orders? This story doesn’t make any sense”
The market was never free. Now everyone can see that.
And the business case for Crypto is only enhanced.
This is fascinating to watch.
A real eye opener into how the markets are controlled.
Suing FreeTrade will get nowhere as they have no control over their FX partner. They have already stated that they are not happy with the decision.
Sue the fx provider. You should share their details.
They have,… it’s noted above… it’s CurrencyCloud
Pump and dump schemes on crypto happen all the time. In fact the WallStreetBets group are pumping Dogecoin at the moment.
It’s interesting, that in crypto it is a much more free market. There is far less control and so this just happens and everyone thinks it is normal.
In the more old fashioned world it’s an outrage and should be stopped.
People are so funny, what’s all this chat about suing, we don’t live in America, calm down.
I disagree: this restriction is not allowing people to trade freely. If I buy a stock and it tanks, that loss is totally on me. If I buy a stock and it is blocked from trading, I lose out on potential profits. FT is not in the wrong but it should sue their FX provider. They are causing the chaos. And if they succesfully sue, they should give the settlement to their users.
The dangers were clear though - once nobody buys, those holding are going to take the fall. To think otherwise is wishful thinking unfortunately, I’d love everyone to profit greatly out of it.
I’d also argue it’s not the providers causing the chaos, I’d imagine you’ll have seen the ripples this has had across the markets due to lumping into stocks for no reason other than to get one over the ‘big guns’. It impacts everyone, not just those involved in that particular stock.
Hi Connor, yes we can explain further.
Due to this very poor decision by our partners, we have a significantly reduced capacity to process orders.
We need to prioritise sells to protect our customers and allow people to exit positions.
Again, we are very sorry this is happening and incredibly frustrated for everyone
Realistically, what are the chances of the restrictions being lifted today?