Zoom AAA #6: Ask Adam Anything: Freetrade CEO & Founder, Adam Dodds. 19th May @ 8PM

Hi Adam,

First of all, kudos to you and your great team for having brought to the market this amazing new freetrade app, allowing everyone to start saving. I’ve also started with just a few hundred £ and how I wished that you were around 20 years ago :smile: Compliments as well to whoever manages your Twitter account - outstanding customer service, quick, polite and always to the point.

Absolutely great to work from home, as as an early investor in Freetrade, I never had the chance joining one of these sessions.

I would love to hear from you a bit more on the following:

  • Where are you planning to advertise ? If I were not a CrowdCube investor I doubt that I would have come across your app. I read the FT, MoneyWeek & Investor Chronicle and watch Bloomberg TV - all great source of advertising.

  • Which key markets are you aiming at ? How will you convince/entice bringing people like me to switch over from HL to your app ? My generation would really need an iPad as well as a web version to log in to my Freetrade account - are these at all in the pipeline ?

  • In one of your posts you’ve mentioned that as a StockBroker you can make money and be profitable from various sources, can you elaborate a bit more on the various revenue streams ?

Thank you for considering my questions.

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Page 26 of the accounts show you the salary of the highest paid director, and the total spend on the executive team (which I assume is CEO, CMO, CTO).

FreeTrade are growing rapidly and have just seen a impressive £7m in crowdfunding! Kudos to you

With such fast scale up growth and the recent surge in CyberCrime across businesses (today we heard the news about EasyJet), how are you protecting FreeTrade and their Customers from CyberCrime?

Hi Adam, given FT has pioneered a completely new online equity trading experience, it stands to reason that the old incumbents will either have to completely rebuild their tech (unlikely…legacy is a bitch) or render themselves unprofitable by keeping clients by dropping revenues through the floor. What plan does FT have to try and migrate those kinds of customers into the App? So far so good with Millennials but my feeling is there are tonnes of HNW that would happily have a second account for quick decisions?

Hi Adam, Does the type of membership FT has at LSE (for instance) allow you access to Level 2 market data. Will FT provide it’s customers DMA (direct market access) to the Order Book in the future? Sorry if this question has already been answered previously elsewhere?

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Can you please explain a bit further on your forecast revenue. You targets are aggresive for 2021 to 2023. how realistic are they?

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I didn’t get a link to join the AMA call? Can anyone share the link?

They will post in this thread just before 8pm

What’s going to be the entrance music this week @Viktor?

Why do you think customers will pay for features like financial news that other firms provide for free (even if your don’t trade with them)?

Or limit orders which they include as part of their standard/basic service?

Why do we have to wait for referrals?

Is it not best to just let us send out at many as we want? What’s the reason behind the restriction?

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I’d love to be able to add assets I own on other platforms to Freetrade - for example if I have 50 Amazon shares on FT and 20 on HL - I’d love Freetrade to show me a portfolio value for the total 70 shares.

At the moment we all have to use Yahoo Finance or WeBull - when this could all be done in the FT app quite easily. Why not get it all under one roof and keep people on the platform?

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it’s 8pm now still can’t see it…

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Have a bit of patience.

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Having fantasy portfolios would also be nice

Doesn’t that just mean you’d like to consolidate your portfolio onto FT? Rather than monitor your HL portfolio from FT

Those with large holdings might prefer to split their holdings over multiple platforms for safety/security reasons.

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Zoom is refusing to let me join unless I register, because it’s now a Webinar.

Not happening. How disappointing.

It doesn’t matter what email you use

I have no interest in registering with zoom. Regardless of email.