Open main menu
Home
Random
Donate
Recent changes
Special pages
Community portal
Preferences
About Stockhub
Disclaimers
Search
User menu
Talk
Contributions
Create account
Log in
Editing
Freetrade
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
==Operations== === How did the idea of the company come about? === The idea for Freetrade Limited came about when the company's founder and CEO, Adam Dodds, relocated from Canada to the UK. He had been an investor since his teenage years and was working as a Manager at KPMG. Upon arriving in the UK, Dodds was surprised by the quality of investment platforms available, particularly in terms of their cost and usability. This experience appears to have been instrumental in his decision to create Freetrade, which aimed to offer a superior investment platform in these respects. <ref name=":8">https://freetrade.io/about</ref> === What's the mission of the company? === The mission of the company is to get everyone investing. === What are the main offerings of the company? === The main offering of the company is an app, also called Freetrade, that enables users to buy and sell certain investments without paying any trading commissions. Other key features of the offering are listed in the table below: {| class="wikitable sortable" |+ !Offering feature !Comment(s) |- |General investment account (GIA) |A General Investment Account (GIA), sometimes also referred to as a Dealing Account or an Investment Account, is a type of investment account that provides you with a way to buy, hold, and sell a variety of different investments, such as shares, bonds, funds, and more. |- |Stocks and shares ISA |A Stocks and Shares Individual Savings Account (ISA) is a type of tax-efficient investment account available in the UK. The key benefit of a Stocks and Shares ISA is its tax efficiency. Any income you receive from your investments, such as dividends, and any capital gains you make when you sell your investments, are free from UK tax. This can make them a more efficient way to invest, compared to a General Investment Account (GIA). |- |Self-invested personal pension (SIPP) |A Self-Invested Personal Pension (SIPP) is a type of pension in the UK that gives you more control over your pension investments compared to conventional personal pensions. |- |Commission-free trades |Commission-free trading refers to the ability to purchase and sell stocks, ETFs, options, and other securities without being charged a brokerage commission. Currently, the number of investments offered on the Freetrade platform is 6,000 investments. |- |US fractional shares |Fractional shares are portions of a full share of stock. |- |Automated order types |Automated order types refer to a variety of instructions that investors can use when placing trades in the financial markets. These instructions are designed to automate certain aspects of the trading process, and they can help investors manage risk, lock in profits, and execute trades at desired price levels without having to constantly monitor the market. |- |Interest on uninvested cash |"Interest on uninvested cash" refers to the interest that Freetrade pays to you on the cash balance that is sitting in your account but has not been invested in any security, much like interest paid on a traditional savings account balance. Currently, the highest interest offered is 3% on a maximum £4k uninvested cash. |- |Priority customer service |Priority customer service refers to a higher level of customer service provided to certain customers, typically those who are considered high-value or premium. These customers are given priority when they need support or assistance, meaning they may receive faster responses, shorter wait times, dedicated customer service representatives, or other preferential treatment. |- |'Advanced' stock fundamentals |"Advanced" stock fundamentals refers to a deep, comprehensive understanding and application of the financial and operational aspects of a company that can affect its stock price. It goes beyond the basics of stock fundamentals, such as Price/Earnings (P/E) ratio, Dividend Yield, Earnings per Share (EPS), etc. |- |Web application access |Web application access refers to the ability to access and use a software application through a web browser on a device connected to the internet (rather than a mobile app). |- |FX conversion |Freetrade offers FX conversion, for the trading of shares in a currency other than in the user's local currency. |} === What is the price of the offering? === The offering is offered in three pricing plans: basic, standard and plus. The key differences between the pricing plans are illustrated in the table below. {| class="wikitable" |+Freetrade pricing plans ! !Basic !Standard !Plus |- |Annual price when paid upfront (£) | style="background: green; color: white;" |£0.00/year | style="background: orange; color: white;" |£59.88/year | style="background: red; color: white;" |£119.88/year |- |Annual price when not paid upfront (£) | style="background: green; color: white;" |£0.00/year | style="background: orange; color: white;" |£71.88/year | style="background: red; color: white;" |£143.88/year |- |Monthly price (£) |style="background: green; color: white;" |£0.00/month |style="background: orange; color: white;" |£5.99/month |style="background: red; color: white;" |£11.99/month |- ! colspan="4" |Accounts |- |General investment account (GIA) | style="background: green; color: white;" |Yes | style="background: green; color: white;" |Yes | style="background: green; color: white;" |Yes |- |Stocks and shares ISA | style="background: red; color: white;" |No | style="background: green; color: white;" |Yes | style="background: green; color: white;" |Yes |- |Self-invested personal pension (SIPP) | style="background: red; color: white;" |No | style="background: red; color: white;" |No | style="background: green; color: white;" |Yes |- ! colspan="4" |Benefits |- |Commission-free trades | style="background: green; color: white;" |Yes | style="background: green; color: white;" |Yes | style="background: green; color: white;" |Yes |- |US fractional shares | style="background: green; color: white;" |Yes | style="background: green; color: white;" |Yes | style="background: green; color: white;" |Yes |- |Range of stocks | style="background: red; color: white;" |1,500 | style="background: green; color: white;" |6,000 | style="background: green; color: white;" |6,000 |- |Automated order types | style="background: red; color: white;" |No | style="background: green; color: white;" |Yes | style="background: green; color: white;" |Yes |- |1% interest on a maximum £2k uninvested cash | style="background: red; color: white;" |No | style="background: green; color: white;" |Yes | style="background: red; color: white;" |No |- |3% interest on a maximum £4k uninvested cash | style="background: red; color: white;" |No | style="background: red; color: white;" |No | style="background: green; color: white;" |Yes |- |Customer service | style="background: red; color: white;" |Basic | style="background: red; color: white;" |Basic | style="background: green; color: white;" |Priority |- |Advanced stock fundamentals | style="background: red; color: white;" |No | style="background: green; color: white;" |Yes | style="background: green; color: white;" |Yes |- |Freetrade Web beta | style="background: red; color: white;" |No | style="background: red; color: white;" |No | style="background: green; color: white;" |Yes |- |FX fee | style="background: red; color: white;" |0.99% | style="background: red; color: white;" |0.59% | style="background: green; color: white;" |0.39% |} For a clearer comparison of Freetrade's services and key features with its competitors, the following table lists the cost for accessing individual features. For instance, the monthly fee for trading commission-free from a pool of 6,000 investments is £5.99. {| class="wikitable sortable" |+ !Offering feature !Price (£/month) !Price (£/year) |- |General investment account (GIA) |style="background: green; color: white;" |£0.00 |style="background: green; color: white;" |£0.00 |- |0.99% fX fee |style="background: green; color: white;" |£0.00 |style="background: green; color: white;" |£0.00 |- |Self-invested personal pension (SIPP) |style="background: green; color: white;" |£0.00 |style="background: green; color: white;" |£0.00 |- |Commission-free trades |style="background: green; color: white;" |£0.00 |style="background: green; color: white;" |£0.00 |- |US fractional shares |style="background: green; color: white;" |£0.00 |style="background: green; color: white;" |£0.00 |- |1,500 stocks |style="background: green; color: white;" |£0.00 |style="background: green; color: white;" |£0.00 |- |6,000 stocks |style="background: orange; color: white;" |£5.99 |style="background: orange; color: white;" |£59.88 |- |Stocks and shares ISA |style="background: orange; color: white;" |£5.99 |style="background: orange; color: white;" |£59.88 |- |Automated order types |style="background: orange; color: white;" |£5.99 |style="background: orange; color: white;" |£59.88 |- |1% interest on a maximum £2k uninvested cash |style="background: orange; color: white;" |£5.99 |style="background: orange; color: white;" |£59.88 |- |Advanced stock fundamentals |style="background: orange; color: white;" |£5.99 |style="background: orange; color: white;" |£59.88 |- |0.59% fX fee |style="background: orange; color: white;" |£5.99 |style="background: orange; color: white;" |£59.88 |- |3% interest on a maximum £4k uninvested cash |style="background: red; color: white;" |£11.99 |style="background: red; color: white;" |£119.88 |- |Priority customer service |style="background: red; color: white;" |£11.99 |style="background: red; color: white;" |£119.88 |- |Freetrade Web beta |style="background: red; color: white;" |£11.99 |style="background: red; color: white;" |£119.88 |- |0.39% fX fee |style="background: red; color: white;" |£11.99 |style="background: red; color: white;" |£119.88 |} === From which place(s) are the offerings able to be purchased? === The main places that the offerings are able to be purchased is in the United Kingdom and Sweden through the company's app, which can be downloaded from the Apple App Store and Google Play Store. Assuming that everyone in the UK and Sweden is able to access the Freetrade platform, the number of people that are able to access the platform is estimated at 77.75 million, or around 1% of the global population. === From which place(s) are the offerings promoted? === The main way that Freetrade promotes the offerings is through word of mouth, via its referral scheme. === What's the current strategy of the company? === The company's main strategy is to make its offerings available in other geographical regions, such as Sweden and the rest of the EU. At the same time, Freetrade plans to release new features, thereby improving the user experience of the offerings. === Team === The company is led by the person who believes in the mission of the company the most: the creator of the company mission (i.e. Adam Dodds). The team at Freetrade is composed of individuals with a diverse set of skills and experiences, and a shared commitment to the company's mission. '''Chief Executive Officer: Adam Dodds''' [[File:Adam_Dodds.jpg|200x200px|border]] The instigator of this whole Freetrade thing. ACA and CFA qualified. Ex-KPMG, experience auditing global banks and brokerages; advising on financial services, fintech M&A. '''Chief Technology Officer: Shahid Naveed''' [[File:Shahid Naveed.jpg|200x200px|border]] Shahid Naveed is the Chief Technology Officer (CTO) at Freetrade Limited. Prior to joining Freetrade, he served as the Vice President of Engineering at the Auction Technology Group and was responsible for the development of Amazon Video’s global ownership systems.<ref>https://freetrade.io/blog/freetrade-hires-shahid-naveed-as-cto</ref> '''Chief Financial Officer: Paul Brooking''' [[File:Paul Brooking.jpg|200x200px|border]] Prior to joining Freetrade, Paul served as deputy CFO and Head of Financial Control at Revolut. He has also held senior positions at Paysafe Group and the London-listed trading platform IG Group. Paul started his career at PwC.<ref>https://freetrade.io/blog/freetrade-hires-paul-brooking-as-cfo</ref> '''Chief Operating Officer: Viktor Nebehaj''' [[File:Viktor Nebehaj.jpg|200x200px|border]] Drives the company's customer growth across the whole marketing stack. Used to scale Google's core search business in Europe. Grew start-ups across EU & Asia. '''Director of People: Amy Gilman''' [[File:Amy Gilman.jpg|200x200px|border]] Amy is a former Director of Learning and Development at La Fosse Associates. Amy is in charge of all things people and culture at Freetrade. '''Director of Engineering, Australia: Timothy Drew''' [[File:Timothy Drew.jpg|200x200px|border]] Tim is the original architect of the company's proprietary brokerage system, the Freetrade Cloud Platform. He's now based in Australia at the company's Brisbane engineering office.
Summary:
Please note that all contributions to Stockhub may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Stockhub:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)