Also, I see that youāre an investor. Well, from an investorās perspective, these awards means lots of eyeballs and healthy customer acquisition to grow that user base. As youāve seen from Monzo, Revolut, and other fintech companiesā fund raising, high community and user numbers = big valuations.
Iām here to see Freetrade succeed. Iāll take nothing less.
Iām with @Jim_mcgrain here - as an investor, of course I want Freetrade to succeed but I for one am currently using HL as my preferred online investor and it does everything I want it to (desktop and app), except that it does not offer free trades.
Until I have my Freetrade ISA set up (on Android) and am able to purchase the investments I want to and can tell everyone about how great it is, thereās no comparison and only one deserving winner in my eyes right now.
In time however, I have no doubt that Freetrade will be a serious challenger.
how much are you paying per trade at HL? there must be a lot of brokers who are cheaper. When I realised my broker was making several thousand per year out of me in fees it was enough for me to switch. those saved thousands can be used to buy more shares
I pay Ā£1.50 per purchase (via monthly regular direct debit investing). I donāt sell as Iām a buy and hold investor. The annual fee for my ISA is Ā£45 as I only have ITs and ETFs.
I think thatās actually quite competitive but obviously wonāt be when I want to sell, as it will cost Ā£11.95 per trade.