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

Freetrade Chat šŸ”„
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45

Hey guys I wanted to ask when will you put the Graham Holdings Company (formerly The Washington Post Company ) on Freetrade

Itā€™s definitely one many of us will want in Freetrade thanks

46

Are limit orders planned (with good till cancelled) ? And if so, is it closer to 3 months or 6 months time frame?

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47

Have the zoom details been shared yet? I canā€™t see them.

48

Hey Isla, weā€™ll share the link on this thread just before 8 PM.

See you there!

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49

When can we expect the addition of European and Japanese stocks?

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50

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.

My 2 cents.

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51

Oh :frowning: Where is the link?

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53

Standard functionality at other brokers and Freetrade will need to offer this if it wants to attract customers - and not behind a paywall

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54

What proportion of the additional share universe will be US? And how much of a focus will the US be moving forward? (given Robinhoodā€™s entrance is [somewhat] looming)

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Has it started?

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Started? You are late am afraid! Itā€™s finished now.

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57

Anything to share for those on the call?

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58

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 wonā€™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 - itā€™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 didnā€™t work as it was too complicated and Monzo didnā€™t realise all most of itā€™s customers wanted was just a metal card.

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59

Thanks for the summary

60

Thanks for this

Anything on a Freetrade Plus launch timescale?

61

Thank you, do you remember if they answered my question (deadline for launch in Poland)? Or something like this (e.g. all EU countries in Q4 2020)?

62

Will you upload this AMA to YouTube or somewhere? I would appreciate.

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63

Sorry I missed it yet again. Kids, bed time, working, juggling etc etc.

Dmas this was a product ama did anyone get more info on the plus account and the value added at all? :wink: Thanks for confirming isa. Was hoping to see some examples of it which I think Adam had hoped were going to be in the pitch deck but for various reason they mustnā€™t have been able to put them in.

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I donā€™t recall anything specific on a Plus timeline. When asked about the Plus stock universe vs basic, it didnā€™t sound as if they they had decided quite how it would work.

Again, there was nothing specific about timings for EU expansion that I recall. @Viktor did say he has sent a recent communication to those not in the UK and had a great response - and was replying to each email individually

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65

No, they held their cards to their chests - just some general spiel about wanting to make it easier for investors and that value would be added over time.

The last made me particularly nervous as that is what Monzo tried with Monzo Plus and it didnā€™t go well. They also seen convinced that they can charge Ā£9.99/month as others like Revolut, N26 etc charge that much for their premium accounts and itā€™s less than the cost of one trade at some of the more expensive brokers.

Not knowing whatā€™s in it, Iā€™m not as convinced. They could be better off charging less until they can add value/more feature and establish a customer baseā€¦ and then increase the price - especially as much of their customers seem relatively new to investing

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