I can see in the app that at least VUSA is offered. Despite the information saying it has “a base currency of USD”, there are no FX fees to pay for this, because it’s a UK-listed ETF?
When Freetrade ISAs come out, I want to make the decision on who to move to: Freetrade or Vanguard’s own platform. If I’m only interested in holding VUSA, will Freetrade end up costing less in fees?
The flat £3/month platform fee means it will be £36 no matter how much money I’ve invested, while Vanguard charge 0.15%, so the fee after I have £40k will be £60. Being the same ETF, the fees related to that will be identical. Neither platform charges any other fees. Is that all correct?
The major difference and issue that I see is that via Vanguard’s platform it’s “accumulation” by default, as I understand it. So dividends are automatically reinvested. In the Freetrade app, the information just says “income will be distributed as cash”, which I presume means I have to manually reinvest? (And to confirm, there’s no fee by Freetrade for receiving this cash or reinvesting it?)
Is an automated solution for that going to appear? If manual, will I in theory lose money in the delay between receiving dividends and reinvesting?