A simple toggle in the app to be able to change how a stock price is veiwed. I would like old fashioned pennies but understand why people may prefer pounds.
A toggle or settings change which could change the display format would be fantastic!
A simple toggle in the app to be able to change how a stock price is veiwed. I would like old fashioned pennies but understand why people may prefer pounds.
A toggle or settings change which could change the display format would be fantastic!
Thanks for requesting this
In case anyone’s not seen our blog post from a while ago, here’s why we decided to show prices in pounds rather than pence in the app.
Breaking with stockbroker convention, we’re going to show UK stock prices in £s rather than pence. Pence pricing is a classic confusion point for first-time investors. After all, what else do you price in pence?
We feel £s are a much more intuitive way to present investments.
One of our most important goals is opening up investing to everyone. Not just through pricing but through UX, design and how we engage with our customers. That’s what has driven this decision.
It’s already drawn a great debate among our community and we’re delighted the majority of people are impressed!
quote from Weekly Wrap Up 24/08/18
Hey @simonpoole et al.
I wanted to bring this idea back up.
A while ago freetrade decided to switch from pence to pounds ( Pricing UK securities ). It not a bad idea, the reasoning sounds like it makes sense and while it’s useful to have the option to see prices in £ I wanted to suggest that this isn’t actually working as freetrade had intended.
With freetrade having prices in £ instead of the industry standard in the UK being in pence it means nothing translates outside of the app.
There are still numerous posts from users who have misunderstood pricing because of freetrades decision to list prices in a non standard way 2 years after you had said people would only be confused with the initial change over.
I myself have found this frustrating having to convert (as easy as the conversion is) from pounds to pence every single time I look at literally anything that isn’t freetrade. Which is a lot.
Put simply freetrades use of £ makes the app harder to use not easier as soon as you want to actually know anything about what you’re buying.
IMO we really need an option to actually choose how we want to display our pricing data because this is increasingly frustrating and is also confusing new customers.