Hey Ben, the new Building Freetrade page isnāt intended to be an exhaustive list of everything on our horizon.
But rather, a list of what weāve shipped/are working on/exploring right now.
An API is definitely something on our agenda, so it may well enter the āUp next: things weāre exploringā section at some point in the near future!
Ok, just a shame to see it bumped down the priority list. As open banking moves to open finance it would give you guys the chance to get in the lead on this front
There is some things on the roadmap that is listed separate to the Freetrade Plus, such as More Order Types. Does this mean it is going to be a āavailable to allā feature, rather than a Freetrade Plus exclusive?
Less of a question and more of a suggestion/thinking out loud (unless you want to answer it!), but I wonder if there are any plans to give all current user accounts ~3 months of free access to Freetrade Plus?
I imagine there are going to be a small but vocal group ādispleased peopleā of when Freetrade Plus launches and they discover that a lot of features are going to be for paying members/customers only. It seems like a good/cheap way to keep some goodwill.
That said, I think that Freetrade āRegularā will be still be a great product and a lot more generous than I would make it if I was in charge! Iād put everything into Freetrade Plus and make āFreetrade regularā purely FTSE100, green energy/environmental ETFs and a few select US shares.
For me, the impression of FT is that they are striving to drive business by making investing accessible to everyone. Although not that complex, stop loss orders etc seem like a next level that would be at odds with an accessible to everyone ethos.
What proportion of the additional share universe will be US? And how much of a focus will the US be moving forward? (given Robinhoodās entrance is [somewhat] looming)
ETFs and more stocks coming. They plan to add lots of European stocks by the time they launch in Europe;
Multi currency accounts are not currently on the agenda;
Funds are not a priority;
When FT launches in Europe, their accounts will be in their home currency;
They have just started looking at SIPPs - perhaps in Q3. Then perhaps other types of ISA;
improvements coming to paying money into accounts;
ISAs will be included in the price of Plus;
The stock universe for Plus will be bigger than for basic but they wonāt be limiting it by market - probably by specific shares - but anything available now will remain in Basic;
They want to have a website platform - itās not a priority - but will be needed to attract a wider spread of customers;
they know they need to provide more company information and are looking at options but want to avoid information overload;
they are planning on introducing new order types;
Freetrade Plus will evolve gradually over many iterations, as well as things like Autopilot;
Oh and Monzo Plus didnāt work as it was too complicated and Monzo didnāt realise all most of itās customers wanted was just a metal card.