Option to increase total trade (buy/sell) value beyond £25k

Doesn’t really occur some of you that the reason there are such an influx of new members coming to the forum and participating in the conversation might be because it was a corner case that was brought to the forefront because of some major happenings in the market? Enough to spurn people to action and kick-up a fuss?

Hate to break it to you, but not everything is a conspiracy. If anything, the influx of users would normally be a good sign, just must not be the case since the opinions raised don’t mesh well with yours, right?

Just because you are an early investor into FT it doesn’t make your opinion any more right than any regular user. @Raul and I had almost this exact conversation in the GME chat and hilariously the accusation of “same person, multiple accounts” was thrown-around there, too.

Increasing the limits set on large trades serve to harm no one. Additionally, the FT team have already demonstrated the functionality to pick and choose where they set their limits in the simple fact that the UK and US stocks have separate ceilings. What is being proposed in this thread is the increasing of that ceiling; nothing more, nothing less.

I agree, it would be great to see FT in France. It would also be great if the users they have now were wholly satisfied with their user experience. From what it seems, the team in charge of making adjustments to the UI is not going to be the team in charge of international expansion so I really don’t even get what that comparison was.

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First, everyone agrees with your request. Just don’t expect it to change immediately. Secondly, multiple posts appearing all from new users aggressively accusing FT of being part of a conspiracy and threatening spurious lawsuits has unfortunately been a small, irregular problem in the past couple of years, not just since GME. Its not personal to either of you, just gets people here defensive to protect our little sane corner of the internet. WSB and twitter have more than enough of that for everyone.

Also the forum is far better this year because of new users, far more active and interesting.

This was Freetrade’s reaction last time: https://mobile.twitter.com/doddsie/status/1355636843803533312

I’m sure they’d work similarly hard if life changing money was on the line. And I have a share of GME, looking forward to paying off the mortgage :rocket::rocket::rocket:

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Totally agree! Although I get peoples complaints there is often more to what may seem a simple change than meets the eye. FT offer a great service and are ever improving from what I can see which many are protective of.
Maybe all the many brand new accounts that instantly post on one subject only are a mix of real and alt accounts but I do understand those who are protective of the community and don’t like accusations flying around.
People need to remember this is a freemium product and the knock on effects from big decisions are often massive even when they don’t seem to be for FT.
From my limited time here I can honestly say I have been nothing but impressed and where else would you see top brass on message boards?
Finally, it’s worth remembering it is in FTs interest if we all get rich so they are not going to let customers down on this if it even is ever needed.
Anyhow, Happy Friday all I’m about to turn green for first time on my portfolio!!

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I think you should consider that there are other forums out there and the new accounts could be people realising there’s a dedicated Freetrade community for requests and etc. I’m a relatively new account and that’s how i got here. I don’t really see why anyone would make multiple account to spam the same subject if they know they’re just going to get the same response. I’m not sure about you but that would be quite tiresome.

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In the gaming world it is very common for people to make many alts to reinforce their views in games, especially strategy games. With this in mind it is not to extreme to imagine people would do this to help get their goal in the financial market.
Probably a bit of a mix. I am also new but the ops above are only highlighting accounts that join and solely aim at 1 subject. Personally as a new client I found myself on many various threads as that seems natural when getting to know a new site.

From what I’ve read it seems most are referring to selling one share that is worth over 25k, but I think this is a limited view of the problem. If a stock only reached 1k, which is not absurd in a few cases, and one has an equivalent of 200 stocks, it would be excruciating to have to split this into sell transactions of £9.9k worth of stock… it would be roughly 21 transactions, all for a PTM Levy that (from my limited understanding) is just a flat rate charge of £1 above £9.9k. Considering there is a limit of 2 set limits at a time (just fractional for the example because it allows above 200% increase in price) this is not super convenient.

I am fairly amateur in my understanding so please educate if you know any better,
cheers to big tendies.

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they need to change this asap, its no good just saying they’ll might change it if it becomes an issue . they need to clearly state that they will if it gets over lets say 15k or everyone could potentially loose out on millions.

Dear lord.

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no its not possible

And…the second post talks about the platform being toxic. Now where have I heard that before?

This is becoming a common pattern with both this thread and this stock.

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lol hahah

I like the stong

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The problem with this community is it’s too dismissive of criticism towards the company.

This sell limit is silly and to assume it’s only about GME is even more so. GME brought it to people’s attention but there are plenty of stocks on Freetrade with the potential to break out.

I’m in GME, PREM, KOD and more and have hundreds of thousands of shares in the miners and over a hundred in GME, when any of them rise sharply the last thing i want or need is stupid selling restrictions that mean i need to bugger about breaking them down to manageable blocks so this arbitrary number is satisfied.

This takes time and will potentially cost people a lot of money. The forums founding members are all dismissive of this either through blind loyalty, having small accounts or just little to no faith in growing their accounts for this to ever affect them.

Remove this rediculous restriction and let people trade their investments unhindered.

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Welcome to the forum, don’t forget to vote at the top.

I for one try to criticise FT twice before breakfast, just keep it constructive. Also less than 6 months ago they built an entirely new investment platform to allow them to raise the limit from 10k to 25k. So its not like they’re not aware of the issue.

Tbh it seems like 2 issues to me, total trade above 25k which is what they’re working on, and the limit/trigger orders not allowing a share price of >$25k which is maybe more a UI issue, or as Dave said above, leaves FT on the hook for the rest of the fraction.

Also remember they’d have to find a buyer for the whole sell as they don’t do partial fills so they might get rejected by the market anyway.

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This I feel is the best way of putting this. It’s a UI issue, I have an overly optimistic outlook on certain stocks. There are a lot of factors at play. If I could set the fraction before the price it would open up the options greatly. What I don’t want to discover is if I place a market sell order when the price is say $40000, that it just straight up blocks it.

Someone flagged this as spam and yet I can’t see how?

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What is the expected timeframe for the breakout?

Asking for a friend on the fence

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It’s really important that Freetrade change their development plans to solve for the inevitable issues that will arise from an unprofitable brick and mortar store realising a market cap of 3 trillion dollars.

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Love this tread :popcorn:

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I still cant get my head around this. Is it the fact that a stock may surpass £25k (e.g GME) and you wont be able to buy or sell it in one go, or that a stock that is say £1k and you wont be able to buy/sell 25 of them in one go?

Edit: it’s both isn’t it?

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