I am a Beta user of Freetrade in the Netherlands since Jan 2020.
I have a small amount invested in stocks on Freetrade and my goal was to start investing more in 2022.
However, my concern is that my current account is Pound currency based. So what will happen to my Pound portfolio when the Netherlands lunch will be live? Would it be a seemless transition from Pound to Euro? Or does it mean I have to close my current account (…by eventually taking losses) and open a new Euro account?
A clarity on this would be appreciated since there should be quite some more beta tester out there in similar situations.
The way I see it common sense mandates you should keep the shares you already own. It makes no sense to have to sell them
As for cash held in Pound Sterling I suspect that will have to be converted into €uros.
For now I think it’s ok to keep cash in Pounds. But as soon as the app opens for regular business in your country just invest that cash in stocks or ETFs of your choice. That way you avoid having to see your cash converted into €uros.
The above is just my perspective. I’m don’t work for Freetrade
Please can we do this. It’s such a pain having to scroll through so many messages about someone who clearly isn’t going to stop what ever it is he’s doing.
Even I agree that 1000 year ban is quite ridiculous but you’ve not even served a year away from the forum. In another post you self agreed to serve a ban til January 2022 and you’ve already broken that promise.
I think Austria would be good since I know people there that want to invest but have no easy way of doing so, so Freetrade could help them a lot and would gain many customers. Do you know a rough timescale for the European release?