Adam opened the call with a quick update on the roll out of fractional shares and highlighted that whole shares can be transferred but the left over fractional part can’t be. Adam reassured members of the call following the many questions on the community forum about transferring shares, in summary, don’t worry! He also highlighted that fractionals are still real shares, same as whole shares and that he had noticed some people were worried about this on the community. Further Adam added that UK and European fractional shares are currently being worked on!
Staff numbers continue to grow. Currently very close to 70 up from 59 when Viktor did his AMA a couple of weeks ago.
£2 minimum - had to set a sensible reasonable limit and FT believes £2 is the right figure. Adam mentioned a couple accounts were trading 1p worth many times a day!
Relationship with Drivewealth - (FTs current US clearing broker) - DW have no idea who the end customers is, so your data is totally confidential. They use DW in the US as they are currently the best provider but can change this in the future, not really an issue and easily done as Freetrade have built everything from scratch for the Invest platform.
Payment for order flow - illegal in the UK and outright banned by the UK regulators. FT fully supports this and believes the ban is in the best interests of investors. FT monitors all trades to ensure customers get the best possible price when users buy or sell. FT will never and have never made money from ‘payment for order flow’ like US brokers do.
Limit orders, stop loss orders and European shares are coming, more information and previews in the deck on Crowdcube.
Why has growth been so fast? Trust and word of mouth. FT have not properly advertised yet, but have plans to do so soon. Looking to pick up the growth rate even further than current speed!
How large will the stock universe be by year end? Focus did shift to building the invest platform so stocks were being added more slowly, but don’t worry a lot more are coming. Do remember that unlike other providers FT does all the work behind the scenes (stock splits, dividends, corporate actions) where as competitors rely on other providers for this. FT do it all in house to ensure it is done correctly and can be fully trusted. FT are very focused on doing this properly.
Prices on Freetrade/execution policy - Adam made it very clear that FT apply no spread when you buy or sell and made it clear they don’t make any money from this. They never have applied a spread and never will. FT execute at the very BEST price available when you buy or sell.
Current market volatility has seen prices fluctuating a lot and an increase in rejected orders but this is to ensure users are getting the best possible price. If they can’t get a user the best possible price at the time the order is rejected.
Alpha accounts what info can you give? Adam mentioned they are very close! Next month we will see ‘Freetrade Plus’ coming. The pitch deck on Crowdcube will have more information about this. The plus account will have many more features including more analysis, content, news, different order types and many more. The basic account will remain free forever, don’t worry!
Revenue streams? More to be shared in the pitch deck on Crowdcube. Adam did mention something about some features at this point but very little details and said it couldn’t be shared publicly.
If FT ever went out of business would customers assets be lost. No, made this very clear, all customers assets are held in a ring fenced account that creditors never have no access too, this includes fractionals!
What if competitors drop their prices - FT aren’t too worried about this, they have started to change the investment landscape in the UK ‘they are killing it’. People said the same about Robinhood in the US, but once the old school brokers dropped their prices in the US, there wasn’t really an impact on RH.
He did provide an update on European expansion but I missed this sorry 
Dividend reinvestment is a feature that is coming.
Crypto - Adam has never purchased any but would like to. He did mention though that there are other features coming and they were currently the main focus though, but one day hopes to offer this.
SIPPs are coming in September!! They are currently being worked on as we speak.
ETFs - EU regulations hold this back somewhat (hard to offer US ETFs) but a lot more are coming and especially when they add European shares.
Freetrade web - one of the highest priority features requested by Adam from Technology! Ian will provide more updates on this in his next AMA.
Overall the call went by really quickly and was really impressive. I’m sure I’ve missed loads, but there are lots of features coming and it felt like there are lots of surprises coming!! Adam mentioned there will be more AMA events so don’t worry to those that missed out on this one. Plus they will allow more than 300 on the next one. The call was closed with the Investor video from the pitch deck…IT LOOKS AMAZING!! I feel Thursday is going to be huge, so excited.