Freetrade launches its long-awaited Plus subscription with stop losses, limit orders and more

By Oliver Smith on Wednesday 7 October 2020

Savings and Investment

Is it enough to make you sign-up?

Freetrade launches its long-awaited Plus subscription with stop losses, limit orders and more
Image source: Freetrade.

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:

  • FTSE 350
  • FTSE AIM 100
  • MSCI US Prime Market
  • IPOs, SPACs, and other highly-requested large cap companies
  • iShares, Vanguard, and Invesco ETFs

In addition, Plus subscribers will gain access to all stocks from the:

  • FTSE All-Share
  • FTSE AIM All-Share
  • S&P SmallCap 600
  • Plus any other highly requested small and micro-cap stocks not included in these indices
  • All other available ETFs

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.

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