Is Trailing Stop Loss going to be added as an option for Plus?
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Did you ever consider swift addition of newest SPACs as a PLUS feature?
I am sure there are some people who d be happy to pay for that.
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They announced SPACs would be free imagine the chaos on here if they then decided to but them in PLUS that would not go down well.
I would be totally opposed to this, even tho Iâm a Plus member.
If they are able to list the SPAC for Plus members then they will be able to list them for all Freetrade members.
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Thank you for your reply, mate.
Thatâs totally frustrating. I think an offer of premium features would be better than putting potential stocks in these conditions. At some point, the name Freetrade will no longer make sense.
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I get charged ÂŁ9.99 per trade with my AJ Bell LISA on top of all the other fees. I think Freetradeâs name makes sense so long as the trades themselves remain free - regardless of whether those are trades within Freetrade univsere or within the Freetrade Plus share universe.
The trading itself is free. Geez, I hate AJ Bell so much!
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Really @CashCow? Youâve never mentioned it 
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From December 7 if you invest in companies like Seeing Machine, then you need to pay. Whereâs the free on this case? I donât know the other broker, but I believe that was their offer from the beginning.
There are no fees for trades this can make it significantly cheaper than the competition.
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Youâre not paying for the trade. Youâre paying for the features, benefits and expanded stock universe of Freetrade Plus with a monthly membership. The trade itself remains free - itâs a free trade.
Sure, theyâve moved some stocks from Freetrade Basic to Freetrade Plus. Sure, thatâs grating with quite a few people and I can understand why. Itâs a young and evolving company, Iâm happy to cut them slack here because ÂŁ9.99 a month inclusive of unlimited free trades, is still cheaper than bloody crappy AJ Bell which is ÂŁ9.99 for each and every single trade you do.
I appreciate we have different perspectives on this and wonât ever agree though!
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Whilst Iâd like to see this outside of plus it makes sense from a Freetrade perspective.
The free account gives users access to all the basic shares that a beginner investor should be investing in. The plus accounts give users access to more speculative shares.
I will probably be buying some more just because I know I canât at a later date. Normally I would be averaging up/down on and ongoing basis but in this case I will have to just buy and hold and hope it doesnât punish me!
Long term I still believe this to be a good investment based off fundamentals and the current race for autonomous vehicles.
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If every single thing on Freetrade was offered totally without any cost they literally would go bust almost immediately - unless you know a way to make money without having some charge for some aspects of the product you offer. Freetrade just by existing have helped change the concept of what is acceptable in terms of fees in investing and have opened investing up to whole sections of society for whom the cost barriers to entry were insurmountable. There has to be some cost for some of what they offer and what they offer for free is pretty impressive (in my opinion). If you sendup getting everything for free elsewhere - maybe ask yourself how sustainable that isâŠ
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Maybe youâre in that perspective because youâre comparing AJ Bell to Freetrade. But if you compare Freetrade with their peers - Trading 212, Robinhoood, youâll see itâs not that cheap. Besides not being totally free. Unless the meaning of the free word is âwithout limit or controlâ in this case. Also, if you are paying to buy and sell certain shares, then your trading is not free. You are paying for that.
I take this opportunity to ask why you invest in AJ Bell if you donât like it? Maybe the resources you get there make up the amount you paid.
Different opinions are part of that.
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Iâm not the administrator of Freetrade, so I canât give you a clear answer on whether or not this would bankrupt the company. At the moment, I manage only my money and as such I was seduced by the low cost proposal placed here initially. But Iâm not foolish to think that everything comes without a cost. If you read my initial post you will see that I cite the use of premium features as an output to attract subscribers to the plus. So what I mean is that I think they should create more creative ways to attract customers without however cutting off access to stocks if youâre not plus member.
Robinhood isnât available in the UK and I agree with the concerns others have with 212 vs Freetrade.
Because Freetrade donât offer a LISA yet. As soon as they do, Iâll move it over. At the moment my individual holdings within AJ Bell feel trapped and I donât trade that often, usually just making a cash deposit and then an initial buy because Iâd have to pay ÂŁ9.99 for every single sell and every single buy.
This would soon soar past the flat monthly fee that Freetrade Plus + LISA will likely be (if the SIPP pricing is the same) and thankfully the trades within that product would be free. Free trades. Freetrade.
AJ Bellâs app and website have also gone down more for me far more frequently than Freetrade AND they also let me shove NIO in an ISA and are now forcing me to sell⊠with no mention of a refund of fees on that initial buy, on this forced sell or on the buy (maybe multiple buys) that Iâll have to do to reinvest. They also take a LOT longer (days) to reply to customer service messages. The resources I get at AK Bell do not come close to making up for the amount I pay in comparison to Freetrade or even Freetrade Plus.
When my portfolio size justifies Plus, or when the LISA is available, Iâll be happy to pay ÂŁ9.99+LISA fee per month.
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So wearing your shoes, that makes sense to you.
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Iâll maybe suggest redirecting plus discussions here MEGATHREAD: Freetrade Plus :plus_: - #620 by Jonny But id broadly agree with @CashCow Robinhood stayed away from the UK presumably because they couldnât bring their model to the UK and be profitable (not to mention its business practices leading to the death of one person). 212 has its own unique business issues.
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I wouldnât mind if SPACs werenât available for non plus members at all as long as they are put on the platform fast.
Thatâs a relative bargain compared to Hargreaves Lansdownâs ÂŁ11.95 per trade!
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I got this email yesterday. Half price trades for Black Friday, only ÂŁ4.95!
Regardless of whether youâre on Freetrade Basic or Plus, EVERY SINGLE DAY at Freetrade is better than AJ Bellâs one-day-a-year Black Friday special offer.
I really donât know why they bothered. I canât imagine it encourages thoughtful and careful investment decisions either, in fact it seems pretty reckless.
Have I mentioned how much I dislike AJ Bell based on my experience with them? I feel like Iâve not mentioned it before.
@Freetrade_Team Whoâs head of marketing at Freetrade? Theyâve got the rest of the afternoon to launch a âEvery day is Black Friday with Freetradeâ campaign!
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