āUncanny resemblanceā, I have to say Iāve just taken a screenshot of FTās discover tab and Revolutās list and looked at them side by side. Reeaally similar, didnāt even bother using a different font.
Nonetheless as competition Revolut have to be taken very seriously with this
Lets say it is 300,000 - I wonder what proportion of those people will actually want to trade? And of the ones that do show interest and sign up, what proportion of those will actually be active?
I think weāll be looking at numbers much closer to our (Freetrade) own user base, rather than being outdone by them.
Freetrade has nothing to worry about, weāre heading for big things!
This is a huge market. Generally it is not competition that kills you it is poor execution and post the hiring of the new CTO I am pretty happy with the pipeline and pace of initiatives coming through
Loving all the free press for Freetrade that Revolut are generously generating. Validates the model overall but each of the various platforms that emerge will have strengths and weaknesses. Room for a number of winners here.
First to market is key. Really hope I can access Freetrade from Ireland, before Revolut introduce ETFs etc. Currently use Revolut occasionally, on a basic free account. But if they were to increase what they offer, and itās comparable to say Degiro for fees, I would consider it.
Same here Anthony. Itās a pain and I invested. If FT is not implemented soon in Ireland Iām afraid Iāll just have to just start using De Giro or Revolut full time.
Edit: Waiting to pull the trigger with a few euros that Iāve saved
Iām also worried about Revolut using their vaults system to get more people on board. i.e nearly an Acorns type system down the line. Or at least advertising what the user can do with their savings.
I think you are incorrect, please have a read on their community forum. Especially their promises for launch dates and timelines. Over promise under deliver every single time.
I have got access to Revolut trading feature and if someone wants to buy US stocks then currently it is very easy as I can do instant top up as well can buy fractional shares. For me biggest pain on FT is instant top up as sometime due to market conditions there are interesting opportunities which I miss in FT.