This is an email I received, it doesn’t really seem fair to me
As a customer on our Basic plan, you currently have access to over 4,700 UK, US and European stocks and ETFs. We recently expanded this to include our full US universe of over 3,800 stocks.
Separate to this expansion, the stocks available to you change slightly every quarter due to something called index rebalancing.
What does this mean for me?
You currently hold one or more stocks that will be moving to our exclusive range on 16 February 2024:
RC365, Technology Minerals
After 16 February 2024, you will still be able to sell or hold these stocks. However, you won’t be able to buy more of them unless you upgrade to our Standard or Plus plans, which give you access to our full range of 6,000+ stocks.
This also means that a number of stocks will now be newly available to you as a Basic plan customer from 16 February 2024, including Moonpig and Octopus Renewables.
You can see the full list of stocks available on the Basic plan from 16 February 2024 here.
Why is this happening?
As a Basic customer, you have access to the following:
- UK 350 (Large + Mid Cap)
- Our full US universe of over 3,800 stocks (NEW to Basic customers as of November 2023)
- AIM 100
- Europe 190 (Finland 25, Germany 40, Netherlands 25, Belgium 20, Portugal 20, Austria 20, and France 40)
- Vanguard + iShares + Invesco ETFs
These indices are rebalanced on a quarterly basis, meaning some stocks move in and some stocks move out.
See the full list of available stocks here.
What is index rebalancing?
Index rebalancing is a regular process where the securities within an index are reviewed. This is to make sure the components of an index accurately reflect its stated methodology. Otherwise put, to make sure the index still does what it set out to do. You can read more about it here.
If you have any questions, please email us at hello@freetrade.io
Best,
Freetrade Team
