By Oliver Smith on Wednesday 7 October 2020
Is it enough to make you sign-up?
Fee-free share trading platform Freetrade has moved further into the world of ‘freemium’ with the arrival of its long-awaited Plus subscription today.
Plus, similar to how Monzo or Revolut have structured their offerings, is a service that includes additional trading features behind a £9.99/month paywall.
What features you ask?
For starters Freetrade Plus includes new order types beyond simply buying and selling. Limit orders are available on Plus to buy a stock only at a certain price, and stop losses can be used to sell when a stock price falls to a certain point.
AltFi asked whether new order types would be coming in the future, but a spokesperson said: "There are no immediate plans for more complex order types like trailing stops, bracketed orders, good-till-cancelled."
Freetrade Plus subscribers will also gain access to a far wider stock universe.
In the coming weeks Freetrade has announced it's going to expand its free universe of stocks for all customers to include every equity in the:
In addition, Plus subscribers will gain access to all stocks from the:
On its stock universe, Freetrade says its “long-term vision is to make all listed companies globally, from Hong Kong to Latin America, available in Plus.”
Finally, Freetrade Plus subscribers will get a stocks and shares ISA bundled in (available separately at £3/month) and priority customer service.
So there you have it, Freetrade’s first premium subscription has arrived.
