With Freetrade all investments are commission-free, whether that’s US, UK or European stocks, fractional shares, ETFs, investment trusts or REITs.
Is Freetrade profitable
Freetrade operates a stock trading app and has managed to attract 600,000 users in the U.K.they generated £1 billion in quarterly trade volume.
Freetrade has reached a post-money valuation of $366 million following today’s funding round. In December 2020, the company generated $1.4 million in revenue.
Who is Freetrade owned by
Adam Dodds – CEO & Founder – Freetrade | LinkedIn.
How is Freetrade funded
We’ve raised £30m from existing and new investors. Our mission to get everyone investing has received a strong vote of confidence, as we raised £30 million in our latest funding round.
All existing institutional investors, Molten Ventures, Left Lane Capital and L Catterton, participated in the round.
How do you make money on Freetrade
Freetrade makes money via a monthly subscription offer, currency conversion fees, as well as interest paid on the cash residing in its user accounts.
The company operates on a freemium business model. Founded in 2016, Freetrade has grown to become one of Europe’s fastest-growing online brokerages.
Is Freetrade regulated
Freetrade is a trading name of Freetrade Limited, which is a member firm of the London stock exchange and is authorised and regulated by the Financial Conduct Authority.
Is Freetrade UK only
Operations. Freetrade offers a commission-free trading app on the Android and iOS platforms, which is open to users in the United Kingdom.
Users may trade equities and ETFs listed in the UK and the US. For US assets, users may hold and trade fractional shares.
Is Freetrade app only
Freetrade is a mobile-only stock broker application that allows you to buy and sell shares at the click of a button.
This covers over 1,600 stocks from both the UK and US markets.
Does Freetrade have crypto
Freetrade is looking to continue bolstering its subscription service offerings as a more reliable revenue stream.
Freetrade has set its sights on cryptocurrencies as part of a push into Europe, as the well-known trading app plans to turn a profit by the end of 2024.
Where is Freetrade located
Freetrade was started in 2016 and is based in London, United Kingdom.
How many stocks does Freetrade have
Freetrade has over 6,000 stocks to choose from in app, with many priced at under £1 or $5.
In which countries is Freetrade available?
- 🇦🇺 AU
- 🇨🇦 CA
- 🇩🇪 DE
- 🇫🇷 FR
- 🇮🇪 IE
- 🇯🇵 JP
- 🇳🇱 NL
- 🇵🇹 PT
Can I transfer shares to Freetrade
You can transfer either a Cash, Stocks & Shares or Innovative ISA to Freetrade.
We do not accept transfers of Lifetime or Help to Buy ISAs.
Does it cost to withdraw from Freetrade
Freetrade withdrawal fee. Unlike some online brokers we have reviewed Freetrade does not charge a withdrawal fee.
This means that you’ll see the same amount of money on your bank account that you transferred from your brokerage account.
Can you get Freetrade on desktop
So if you’ve got a Plus subscription, head to web.freetrade.io to log in and view your portfolio.
When you enter your email address, we’ll send you a magic link. Click on this link in your desktop browser to access Freetrade Web.
Can I use Freetrade in US
With Freetrade, everyone can invest in US, European and UK stocks commission-free.
Can you short sell on Freetrade
Advanced traders prefer brokers that allow the short selling of real stocks (and not just CFDs) on most stock markets their clients have access to.
Fortunately, clients of Freetrade can short real stocks.
How do I claim free share on Freetrade?
- Tap on the Free share button
- Send it to a friend
- Your friend accepts
- They download, sign up and fund
- You both get a free share! 🎉
Does Freetrade have forex
Forex trading? We don’t offer have accounts in other currencies at the moment so you wouldn’t be able to use our service for fx trading at the moment.
Is Freetrade regulated by FCA
Freetrade is FCA-regulated, FSCS-secured and one of the newest members of the London Stock Exchange (LSE).
How does Freetrade free share work
Free Share is our new incentivised referral system. With Free Share, an existing Freetrade customer can invite a friend to join Freetrade and you’ll both earn a free share, once they sign up and fund their account (and complete their W-8BEN form).
Do you get paid dividends on Freetrade
They will be paid into the account you hold the shares in. For example, if you bought the shares in your GIA, the dividends would be paid into your GIA.
If the dividend isn’t received in pounds, we’ll convert it at the market rate on the day, without taking an FX fee.
Is Freetrade app any good
The Freetrade app is rated highly on both the Apple and Google Play app stores, with a ranking of 4.3 and 4.8 stars respectively.
It was named the best online trading platform at the 2019, 2020 and 2021 British Bank Awards and was named the ‘Best Commission Free Broker’ by the Good Money Guide 2021.
Do you pay stamp duty on Freetrade
You do not pay stamp duty on US stocks. We never deduct capital gains tax, it is down to you to declare any capital gains yourself.
We don’t deduct dividends tax for UK stocks and ETFs. It is down to you to declare any dividends you receive.
Can you trade options on Freetrade
No, you cannot trade options at Freetrade. Since Freetrade doesn’t offer options, you might want to find an alternative broker by reading our article about the best brokers for options or alternatively, use our Find my Broker tool for a tailored recommendation.
Do I own my shares on Freetrade
Freetrade hold your shares as nominee like nearly every other broker does. The shares are in their name but you own the right to them.
This is standard practice and completely safe/normal.
How many stocks are available on Freetrade
Everything in Basic, plus: Full range of over 6,000 US, UK and EU stocks and ETFs.
How long does Freetrade free share take
Your friend needs to complete onboarding and fund their account within the next 30 days in order for you and your friend to qualify.
Your mystery share will appear in your queued orders. We’ll reveal it in 7 to 10 days.
Does Freetrade do leverage
For these reasons and more, we don’t offer leverage on Freetrade. Banks’ willingness to lend on relatively generous terms and magnify your purchasing power is one of the main reasons why property has an edge as an investment.
Is Freetrade safe UK
Freetrade customer reviews It was named the best online trading platform at the 2019, 2020 and 2021 British Bank Awards and was named the ‘Best Commission Free Broker’ by the Good Money Guide 2021.
Independent review site Trustpilot rates it 4.3 out of 5.0 out of over 2,800 reviews, achieving a status of ‘Excellent’.
How much does it cost to open a Freetrade account
Opening an account is always free of charge. If you want to read our full review, including fees, deposit options and other platforms (like web and desktop) then skip to the Freetrade review.
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Sources
https://freetrade.io/legal/terms-conditions
https://uk.stockbrokers.com/compare/freetrade-vs-trading-212
https://www.trading212affiliates.com/
