What is the criteria for a stock to only be available to plus members?
As far as I can tell it seems to include lots of newly hyped stocks.
It seems odd to restrict which stocks are available if you aren’t a plus member. Unless there is a reason such as it is more costly for freetrade to offer these specific stocks?
I personally think that allowing SPACs but not the FTSE Allshare to be available to all runs counter to the ethos of Plus but I suppose a line had to be drawn somewhere. I do think SPACs should be on the other side of the line though. Shades of the dotcom boom era in my opinion.
Plus stocks are generally the more thinly traded/less liquid/riskier/more alternative (pick your selection of adjectives) stocks.
Hello all, been lurking here for a while, finally decided to post.
Pardon me if I’m missing something but FTSE AIM 100 stocks are shown as being included in the free section, however I’ve just typed in some of the first AIM listed stocks (from the HL website), i.e. AFX, ASY, APGM, and they are listed as only being available to Plus users. Are these incorrectly listed?
Let me take a look at these and the others flagged below. We’re trying to keep the universes under review on a quarterly basis when most index rebalancings occur however with the AIM 100 the constituents change much more often.
Be interested to know from you guys or freetrade (sorry if I’ve missed this), is the decision on which stocks are plus or not set in stone? I don’t want to buy a stock now to be told it’s now plus in a few years. Just sold all my plus stocks as I wanted to buy in over the long term. Will eventually join plus just probably not in the short term. Thanks everyone
The rules are set (though could change in future) so AIM100 & FTSE350 will be in the free section, but individual shares can drop out of the index or be included as rebalancing occurs. For FTSE350 I think it’s quarterly that happens, unsure on AIM100.
So for example the market cap of Marks & Spencer falls so much it is no longer in the FTSE 350 and it would then fall into Plus
Sorry, misread your question.
FT are aiming long term to add stocks from every exchange across the world. Perhaps they’re more likely to change what’s put in Plus when there’s more exotic stock exchanges added to replace for example all AIM stocks currently in Plus.