MEGATHREAD: Freetrade Plus :plus_:

Has anyone with a Freetrade Plus account received any interest yet? What is the payout schedule?

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11th working day of the following month I think

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Thanks, I’ll wait a bit longer then.

Can i double check something?

When you sign up to become a Plus user, you will be required to add payment card details to your account. We will periodically charge the Plus fee to your payment card, and you hereby irrevocably authorise us to do so. You are entitled to cancel your status as a Plus user, but you will not be entitled to a refund of any Plus fees already paid. If you cancel your status as a Plus user, you will ordinarily not be entitled to sign up for Plus membership for a period of 3 months from the date on which you cancelled.

Is the bold part still the case? Is it so technically complex to sign people off and on that you felt like it’s appropriate to introduce this cooldown period and not take money form people if they recently cancelled?

Sounds like it’s more of a deterrant to persuade people not to jump in and out, to reduce admin/risk of errors?

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Someone was telling me that it’s perfectly appropriate to jump on, buy all the small cap stocks you want and jump out until you want to buy more. Turns out it’s not that simple.

I am wondering if this is still the case though as it looks like a bit of a bad practice unless there are significant admin costs to signing people on and off.

I’m not sure if the word ‘ordinarily’ is being left in there on purpose at the minute.

I imagine they’re letting people dip in and out (I’ve been doing this), in order to let people try it out, but at some point in the future they’ll take that word out and you’ll have to stick with it or not have it at all (for 3 months at least).

I don’t think it’s that big a deal, if you were going to jump back in in less than 2 months it’s pointless cancelling in the first place

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How so — you are paying one month in advance, right?

Great idea !

I really want a feature which ranks your stocks in descending order in % price movements. So when you open up your account you can see which stocks are influencing to the growth/loss for that day.

And you can filter it for day, week month year

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:point_up_2: :point_up_2:

Sometimes its so hard to see the cause of any movement unless you go into each stock to find out!

Is it just me or customer support is overwhelm at the moment? I got plus and need to renew my ISA.

No it is not just you, they are struggling currently. You can read more about it here - Customer Support update

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Interested to hear thoughts on these ideas:

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Agreed. I’m so confused why they don’t highlight which are plus stocks to Plus users. Can’t think of any logical reason.

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Agree. As a plus user it would be useful to be able to see what you are getting and to be clear if something is a plus stock. I was wondering if I had just missed where it shows me but apparently not

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Agree, I didn’t know GME was a Plus only stock until my friend told me. I can’t find any other easy way to check either :thinking:

The only way I’ve found is searching the company on the stock list and seeing which account type they’re allocated to

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It’s not up to date. None of the stocks from the last batch and some from the previous ones isn’t there but not end of the world.