Now I live in the UK since 8 years and I wanted to start investing into ETFs in the UK.
I always looked jealously to my peers in Germany who are able to invest with German banks from a huge variety of ETFs and Stocks low fee with monthly ETF/Stock saving plans for as little as 25€/month.
Or new fintechs like Trade Republic who offers 6000 stocks and 500 ETFs for 1€/trade at launch.
Then Freetrade came along and I thought great this might be the solution to get started in the UK. Then I realise the variety of ETFs is not there. No accumulating world ETFs, No ETFs with IMI. No sector ETFs.
Why is germany so far ahead? I do not understand that a finance service focused country like the UK does not offer cheap options for saving into ETFs or stocks before freetrade.
I am now considering opening a bank account in Germany with comdirect bank to being able to save monthly into the ETF I want rather than waiting for Freetrade to one day offer more ETFs.
I guess I am just annoyed that I cannot trade in the UK for under 10pds a trade into an ETF I want but rather am very limited while my peers in germany have big options.
I assume this all has to do with EU market and maybe Brexit? That EU banks have better and more access to more markets? Or is it the german lust for saving and passive ETF investing?
I am glad Freetrade is here but atm it’s not worth it to me.