Mods please leave this up. Apologies if it’s not the usual content but I think it could present an opportunity for an important discussion.
I know Freetrade Plus has had many positive reviews since launch but I’ve also seen a small cohort questioning the need for a paid tier and saying everything should be completely free.
We don’t yet know the complete story of why Robinhood took the decision to restrict trading on certain stocks today but there is some serious questions about its financial links to Citadel, who were involved the short of $GME. There are reports that Robinhood makes as much as $400m/year from Citadel.
I think what Robinhood users have discovered, to their detriment unfortunately, is that if you’re not paying for the product YOU ARE the product.
This is where I think Freetrade can differentiate themselves. A solid free tier combined with Plus gives Freetrade a path to sustainable, transparent profitability without making its users the product.
I would be very interested to hear the communities thoughts on this topic