Zoom AMA #8: Product update and AMA with VP Product, Duncan Leslie. Thu 11th June, 8 PM

From memory:

  • 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 won’t be limiting it by market - probably by specific shares - but anything available now will remain in Basic;
  • They want to have a website platform - it’s 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 didn’t work as it was too complicated and Monzo didn’t realise all most of it’s customers wanted was just a metal card.

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