Freetrade Review- A True Platform to the Trade World

Freetrade Review

Do you agree that things like digital trading and businesses were all Greeks to us almost a couple of decades ago? But now, the advancement of the present era has introduced us to a remarkable trading platform that is, without any doubt, Freetrade. In this article, I am going to solve all your queries about Freetrade with this Freetrade Review, which is a true platform for the trading world.

So, let’s dive deep into the ocean of words and learn about this fantastic platform.

What Is Freetrade?

It is basically a UK-based financial technology company that works to make stock trade affordable, easy, and accessible. Freetrade was founded in 2016 with the introduction of novel ideas in the realm of trade and business. That is why it contains the following 1,000,000 registered users. This Freetrade Review will explain everything to you.

Watch this video to learn more.

How Does Freetrade Work

If you want to start from the ground up, begin with the No. 1 trading platform. Freetrade, with its vast range of stocks and shares, is creating opportunities for its investors without much cost. Its basic account is complimentary, while you can also create your portfolio for just £2. In addition, it is a user-friendly and completely digital platform

Therefore, there are different investment plans for users so that they can choose them accordingly. Let’s review each project and know if Freetrade is a platform worth trying.

The Basic Plan of Freetrade. 

The Basic Plan of Freetrade provides users with a commission-free General Investment Account (GIA). You can buy and sell shares through this account without a monthly subscription fee. Further, this plan allows you to access more than 1500 stocks and ETFs.

The Standard Plan of Freetrade.

The standard plan of Freetrade is a paid subscription service. It allows the user to access more than 6,000 stocks and ETFs. Further, the user of the Standard Plan will also earn a 1% gain on up to £2,000 cash. The per-month cost of a standard plan subscription is just £4.99.

The Plus Plan of Freetrade

The plus plan of Freetrade is also a paid subscription service. It grants its users access to a Self-Invested Personal Pension (SIPP). The Plus plan user also has the opportunity of full-range stocks and ETFs that are more than 6,000. The interest earning rate for Plus plan users is 3% on up to £4,000 cash.

Moreover, this plan`s per-month subscription cost is just £9.99. It also provides access to priority customers. Read this Freetrade Review to learn more.

Freetrade Review

General Features of Freetrade.

If we talk about some general features of Freetrade, it offers us some innovative qualities like:

1. No Account Fee

When you create a basic account in Freetrade, it will be free for you. You can break new ground without any cost. Besides, it is also accessible for basic trades and standard bank transfers.

2. Commission Free Trade

Freetrade is a commission-free trade meaning it doesn’t cost anything to deal with shares.

3. ISA Money Transfer

Using Freetrade, you can easily transfer your money from your old ISA account to the new Freetrade account.

4. Access to 1500+ Stocks

If you use Freetrade, it provides you a grand opportunity to buy, sell and hold more than 1500 shares through it.

5. Start With Minimum Investment

The investment rate of Freetrade is very low. You can start by investing just £2. Wonder! 

6. Withdrawal Fee

There is no withdrawal fee in Freetrade. But in case of choosing the same day for banking transfer and withdrawal, there would be a low cost of just £5 as fee charges.

Is Freetrade Safe and Authentic?

It is true that nothing ventured, nothing gained, but after reading these details, you’ll know that Freetrade is entirely safe, authentic, and without any risk of a money scam. Freetrade somewhat follows the rules and regulations because it is controlled by the Financial Conduct Authority (FCA).

Apart from it, you can complain to the platform in case of dissatisfaction or any kind of insecurity. In case of Freetrade inability to pay money, the Financial Services Compensation Scheme will protect your money more than the amount of £85,000. 

How to Create Your Account for Freetrade?

Freetrade possesses a website where you can find general information, but we will discuss every possible part of it. So here we are going to know the steps of creating a Freetrade account.

Step 1: Install the App

First of all, install the Freetrade app on your mobile phone because it is a platform based on smartphone applications.

Step 2: Provide Email

The second step is to provide your email address for receiving a confirmation link. A link will be sent to you, so you must be logged in to it while you register yourself.

Step 3: Provide Personal Details

Next, you are expected to give your personal details, such as your name, date of birth, address, nationality, etc.

Step 4: Choose Account Type

The penultimate step is that you are asked to choose an account type through which you will invest and work. The details of the account type are mentioned above.

Step 5: Review

Last but not least is to let Freetrade check your given information automatically.

However, in case of your verification failure, you have to upload some documents as a valid proof to verify your identity. These documents include your tax bills, utility bills, bank statements, passport, driving license, and national ID.

Pros & Cons

Must know the pros and cons of Freetrade to get the best information. Here are some:

Pros of Freetrade Review

  • Freetrade is a fast and fully digital platform.
  • Simple and user-friendly setup for investment.
  • No scare for money scams.
  • Different Freetrade plans for users.
  • Low-cost ISA.

Cons of Freetrade Review

  • The limited range of research.
  • Only debit card deposit.
  • Fee for high currency.

Conclusion- Freetrade Review

It is undeniable that Freetrade has proved to be a boon to the trading world. Avoiding its charm is impossible if you are a beginner or an expert. So If you want to revolutionize your future, venture into it without any hesitation, as it is a safe and authentic platform and the need of the hour for success. Visit somquest for more details.

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