My 2022 Freetrade wishlist

It’s incredibly time consuming to add micro-cap stocks because of their poor liquidity. The more they add the more customer service will need to answer as to why trades are failing.

Then perhaps explain in the UI why a trade failed? I’ve had trades fail before on Freetrade and the experience isn’t great. I didn’t run to support as the reason they were failing was that the shares were popular and the MMs had very little stock to sell.

2 Likes

1 - by far) Desktop UI.
And not some minimalist effort pushed by web-designers focused on ā€œaestheticsā€, but plenty of Content in one view.
e.g. Share watch list, charts, selectable highlights (e.g. FX, Gold, Govt.Bond yields, whatever)

Plenty of colour to distinguish navigation, function, content (e.g. panels/areas)

  1. REITs (UK)
    Still not sure what the problem is…given that other platforms seem to have all REITs available.

Not remotely interested in Crypto.
What is Crypto backed by ???
(Ponzi / pyramid selling springs to mind.)

Agree with comments about improving the UK offering before going overseas.

But if foreign currency denominated shares are being offered…
Surely FX tracking and reporting should be top-notch ?

5 Likes

Thanks for the reminder, Tarian!

Almost 2/3s of the year in now, but there has been some movement lately… I’d say 2/10 requests complete:

  • Improved stock data :heavy_check_mark:
  • Some movement on autopilot :heavy_check_mark:

It would be great if they could ship some quick wins like PMT levy and statements soon :crossed_fingers:

3 Likes

REITS are available for ISAs now

Thanks for the info.

I was going to say ā€œGreatā€¦ā€, but ā€œglass half emptyā€.
i.e. 6 of my 10 (UK) REITs (in ISA elsewhere) are not listed by FT.

Just seen the News (13 days ago - (No email notice tho’)) on the thread UK REITs in ISAs.
And I still don’t understand this:
ā€œPIDs paid into ISAs are tax exempt. Freetrade will reclaim the withholding tax and distribute to ISA holders approximately 30-60 days after the PID is paid.ā€

Just checked my 10 REITs (elsewhere)
All divis paid - in full - on the relevant divi-date.

My wish list is as follows:

  1. An ETF to trade the VIX
  2. Short / inverse ETFs for Nasdaq and Russell - especially 2x or 3x leveraged
  3. The ability to place a buy stop order (which I’m still shocked doesn’t exist)

That’s it. That’s all I want. Please… I’ll be so happy, I promise.

Sounds like a work around to me - for whatever reasons, Freetrade were unable to have REITS in ISAs. Now they can but the tax bit (which was surely the issue) will be paid at a later date. I can wait. I’m sure in time this will be improved.

My REITS in other brokers have the divis paid in full but I’m just happy that I can add to these holdings with small top ups in Freetrade in my ISA.

2 Likes

Oh, I forgot…

Average daily volume or some kind of volume metric - so new investors don’t unknowingly buy a stock that’s too thin to sell, or buy without realising the spread is so wide they’ll instantly take a 20% haircut.

It’ll make investing / trading safer for all.

3 Likes

An updated version of how to implement new stocks.

For instance at the moment we can add to the forum or submit via Google form which is reviewed every Friday. Or so it says?

So why do we have hundreds of stock requests which haven’t been added?

Why have the last 12 I’ve submitted via Google Form not been actioned? Despite being eligible to my knowledge.

FT are super silent on this, they provide no reason to why it isn’t added, nor do they respond when you ask them why it’s not added… just silence?

2 Likes

Can you list off a few examples you’re thinking about? There are a range of reasons that we might not be able to add a stock - liquidity, market access etc. But there can also be some bad reasons - we’ve overlooked one of the requests and we can make this right fairly swiftly!

Thanks

2 Likes

Hi Alex, I appreciate your reply.

A few of my most recent ones have been, and ones I wish the most are

CTL - Clean Tech Lithium - LSE AIM
CPH2 - Clean Power Hydrogen - LSE
ALPP - Alpine 4 - Nasdaq
BBIG - NASDAQ
LK1 - Lake Resources - Frankfurt Exchange
Remedy - Remedy Games - Finnish Helsinki Exchange
Devo - Devolver Digital - LSE

Just a few I’ve previously requested.

Many thanks

4 Likes

:eyes: … will check those out!

2 Likes

Many thanks, it’s greatly appreciated.

I wonder if the downturn in the Crypto market has caused Freetrade to think twice about launching an exchange as previously they were keen not to ignore this area.

Source: this was talked about in the Zoom AMA meetings some time ago.

They haven’t got a licence yet, which I suspect is the hold up.

Hi @JL3 . What is this Google Form you speak of and the eligibility criteria? Could you please share these.

I have requested a couple of ā€œcoreā€ ETFs several times this year. Would love to know if there is an easier way to track any stocks/ETFs that are work in progress.

1 Like

@acamp How are my requests coming along, hopefully a little bit closer? :raised_hands::raised_hands::raised_hands:

This topic was automatically closed 416 days after the last reply. New replies are no longer allowed.