Will founding members get their fees back eventually?


#1

I believe we are meant to get free instant trades and free ISA - will we get the fees back?


(Vladislav Kozub) #2

Yep

Edit: free instant trades on the US securities only.


#3

Free instant trades?


(Vladislav Kozub) #4

Exactly those. Even this will be sorted, @stephen :wink:


#5

Interesting … :+1:


#6

Hey :wave: I just checked the pitch again and I don’t see free instant trades. What did I miss?

P.S. not bemoaning free instant trades, if anything they’ll let me go wild with the ”single ETF” day trading strategy :nerd_face:


(Vladislav Kozub) #7

You do not get instant trades, but you get a lifetime Alpha. It entails instant trades and ISA for free forever.

Edit: and I just realised that I keep thinking about the US securities when talking about free instant trades… So you will only get 50p back :grimacing:


#8

Thanks. Wonder if the US stocks to start with will just the charge the “FX – Interbank rate + 0.5%” or this and the £1 fee until Alpha launches.

Curious how the free instant trade rumour started.


(Vladislav Kozub) #9

I believe it will be both initially, with a subsequent fee refund for the eligible investors.


#10

But Alex didn’t say free instant on US only in the linked post, he said free instant.


#11

I missed Freetrade on Crowdcube. Would love to be a ‘founding member’ and get access to the free Alpha benefits. I do hope there’s another round of fund raising. Failing that, I’ll need to try and buy someone’s shares off them.

I’ve transferred over to Monzo at this point and I’m waiting for there R3 of investment but not sure it has in an app benefits.


(Emma) #12

Monzo have done debit cards with the word investor on in previous rounds but this one will be huge so not sure if they’ll do that this time. And they don’t do socks. We’ll know all in 2 days

Are Alpha benefits transferable if you buy Freetrade shares from someone?


#13

So Monzo will announce their plans for R3 investment in 2 days? I heard it was hard to be a part of the first two rounds so I’ll need to make sure I’m on the button with this one.

If the benefits of free Alpha, ISAs, and instant trades, transfer over with the shares I’ll happily put my hat in the ring in the buy/sell Freetrade shares thread. If not I’ll just need to hope there’s another round of investment for Freetrade in the future.


(Giridhar Tammana) #14

I don’t have Monzo account, to take part in next round do I have get one?


#15

I think it is through the app so probably. They should be announcing soon.


(Chris) #16

Takes a few minutes to do so no reason not to really.