Where can I find the total of fees I’ve paid in a month? Eg. FX fees and stamp duty etc…
I’ve looked on my monthly statements in ‘Activity’, but that only tells me what my holdings were.
I’m thinking it must be recorded somewhere and I’m missing something obvious, as bills / statements usually have a rundown of total fees / costs incurred etc…
You can’t. its a long standing pain factor with Freetrade (see the various feature requests). Best you can get at the moment is to ask support to send you a csv
When I say you can’t I mean there’s no direct functionality. calling customer support for a csv isn’t a feature, its a workaround to a lack of reporting, and the csv needs work once you get it.
nothing doom and gloom about it, you can get the data, you’ll need to do some work to make it usable data, and there’s no direct option for reporting just now, and it is a pain factor as its a long standing request. We’ll hopefully see improvements this year maybe
They previously sent me a PDF of a spreadsheet, which was unhelpful.
Last financial year they turned off live chat for non paying users. I emailed asking them for the info and they asked me to send a copy of identity documents over email. I asked for another way to do it as email isn’t secure. They told me no, so that was that.
Freetrade is a very young company it’s something to keep in mind. And with limited developer resources they have to pick and choose what to work on at any one time.
As a financial institution, wouldn’t Freetrade have a legal obligation to abide by certain financial compliance regulations, such as supplying an annual statement of fees?
I’m pretty sure not doing so would raise a few eyebrows at the FCA, no?
Well. I only hold a couple of US companies.
Thank you. I never really paid much notice of the FX, jst thought was exchange rate
I’ll continue using etoro for US stocks.
It’s all relative…
If you’re trading £10k per month then 0.45% of that will sound like a large figure.
£45 on £10k really isn’t very much though.
£500 per year by trading £120k is exactly the same…
It costs money to trade in foreign stocks. 0.45% is still highly competitive in the grand scheme of things. Not to say they couldn’t get it cheaper, but there’s always a cost somewhere
Etoro suggest they only do business in USD and will apply a conversation fee on all non US deposited money. You could deposit only USD but you just move the conversion fee elsewhere