I agree. Keeping my fingers crossed!
If I understood correctly, FreeTrade will have its European HQ base in Stockholm. I might be naive, but I believe this could be a big leap to also include ISK regulatory requirements as well.
As of today, these are the available brokers with Swedish ISK offerings:
- Avanza (high trading fees for UK stocks - orders by phone calling only, no support for fractional shares, doesn’t support English)
- Nordnet (high trading fees for UK stocks, orders by phone calling only, no support for fractional shares, doesn’t support English)
- DEGIRO (complicated and ugly app, high fees on dividends processing for custody account, super high dividends fees for Swedish stocks, no support for fractional shares, doesn’t support English)
- Traditional banks (out of question, super high fees, no English support).
I would love to see FreeTrade also support:
1- English. The above mentioned brokers lack this capability.
2- Islamic-compliant instruments (ETFs e.g., iShares, Funds, and Sukuk). These are listed on LSE. All the brokers above lack such offerings while user demands are high within expats community.
Thanks,
SJ