Iād say 95% of this forum did as we have discussed this at length (multiple times).
If you donāt want PLUS then donāt sign up. You can keep your PLUS shares for as long as you want.
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Did it change? No AIM 100, IPO, or SPACs?
No change at all.
AIM 100 = free
IPOs = free
SPACs = free
Iāve sent a note to the team to update the table to make it clearer.
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Hi Victor,
Apparently (so I am told) those holding Eurasia Mining received the communication saying it was becoming a PLUS stock. Itās currently in the AIM 100.
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Yes you can
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Hi Freetrade,
Iām not best pleased with the news that youāre going to remove some share options from the ISA list and hiding them behind another pay wall!
I was attacted to your platform original due to it being a low costing platform, which would help small investor start out etc.
I for one started with the GIA and then move over to the ISA due to the tax benefits, but mainly due to the increased shares available that I couldnāt buy through the GIA.
If you want to have increasing ranks of pay walls then thatās fine. Although, your going to lose more customers if you keep moving shares from the ISA list and hide them in the premium account.
How can a user average down a share position within their ISA portfolio, if from December they can only hold or sell their position in these stocks that are moving over/lock away.
I think it is a little off, and Iām really thinking if I what to remain on this platform! I just whatās nextā¦
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Out of interest which shares canāt you add in to the GIA but you can with the ISA? Iāve always found it to be the other way round.
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Not sure now, it has been sometime. Although, when the ISA started there were a lot move available share options in it, than in the GIA.
Long time user here (my account is within the first 1100). I donāt check the forums often, so I may have missed a lot of discussion around moving currently free stocks/ETFs into Plus, but I have to say itās left a bad taste in my mouth.
I completely understand that FT has to make money, especially as they removed the fee for immediate orders, and I like the idea of Plus, but for me though, the costs/benefits donāt work out at the moment, especially because Iāve opened a S&S ISA elsewhere this year.
From a quick look, it seems I only hold one ETF that is on the list to move, but I first purchased that on the 3rd August, while Plus was announced on the 6th. There was no mention at the time that it would be moving behind a paywall.
As I said, I completely understand the rationale behind putting some stocks/ETFs behind the paywall, but surely we should be able to continue to invest in stocks/ETFs we held before it was announced they would move into Plus.
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What do you mean? If something isnāt available on ISA itās because of the regulations, not by FT choice.
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I think that may be the wrong way round if Iām honest. I donāt think Iāve seen any suggestion that the GIA would in some way offer less shares than isa. As was said just, itās actually the regulator that decides what shares you can get in there whereas the GIA hasnāt got any restrictions as far as I know? Anyone else with more knowledge on this able to comment?
Thanks @hookedinvesting, as itās AIM 100, it will be part of the free plan of course.
Iāve sent a note to the team to look into this and make sure weāre not sending messages in error.
Thanks again.
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As i understand it its to make it reasonably easy to differentiate. Rather than a pile of things that are and arent in one pile or the other for 100 different reasons theyāre just going with one. the ETF isnt iShares, Vanguard, or Invesco so its not in free. Switching up a bunch of other rules, held before x date or y date etc. just complicates everything.
Long termā¦ who knows if its the best option. Itās not an uncommon approach at least.
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Forget I mention the GIA as an example, that statement is clearly out dated etc.
My main point was concerning ISA available share being move and hidden behind a premium accout wall.
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In the in app message from Gemma about plusā¦
ā¦she mentions a free share if you upgrade before 7th December. I canāt see any T and Cās on this, or any specific comms. Apologies if itās just that iāve missed it.
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It would be interesting to hear from FT how the signups are going vs expectationsā¦
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Been a user since September 2019, invested in the latest round of crowdfunding too. I really like FT on the whole. Was aware that Plus was coming, knew that it didnāt offer anything I really want as a fairly newbie investor, and that a bunch of stocks and ETFs would be locked behind it, but understood that these were likely to be fairly marginal or āriskyā selections, or something? Stuff that probably only serious investors would be interested in? So I hadnāt paid much attention.
Got the message today that stocks/ETFs I currently hold are going into Plus and Iāll be locked out of trading them any further (other than selling). This was news to me! So I looked it up, and found that Bluefield Solar is going away (oh well), but the SPDR US and GB dividend aristocrats are too.
I have to say Iām really unhappy about this. How are dividend aristocrats marginal or unusual or anything else that warrants locking them away? What exactly IS the decision making process for which stocks are withdrawn from us and locked away?
Currently Iām left with the feeling that FT may continue to lock away perfectly good and popular stocks and ETFs that I already hold, and thereās nothing I can find to reassure me otherwise, unless Iāve missed it?
I also donāt recall it being made clear to me when I bought some of these a few weeks ago that they were going to be locked away in future. No icon on their listing to suggest they were lined up for Plus in future. I was supposed to research every freely-listed stock and ETF in my ISA just in case it was ear-marked to be locked behind a future paywall? Really bad move, creates distrust and confusion and bad feeling in general.
We should be allowed to continue freely selling and buying stocks and ETFs we currently hold and which were not highlighted in the listings as due to be locked away.
As it is Iām seriously considering putting my next yearās ISA elsewhere. Like I say Iām a newbie and donāt have much to spend so I need to look at fees to see how it all shakes out. But the biggest thing is the feeling FT has given me today: a very bad one. Disappointing!
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FTSE 350
AIM 100
MSCI US Prime Market (Large + Mid Cap)
Vanguard, iShares & Invesco ETFs
IPOs, SPACs
Anything not in that list is in plus. Thatās the decision process
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I can see why they havenāt, and I can see why people are asking them to as you suggest. The other side of the coin is it means having essentially an unlimited number of bespoke tiers to manage, plus confusion as people say things are in plus when they arenāt as they have a custom version.
Itās not a perfect system by a long shot but itās not uncommon
