Although in the grand scheme of things many consider Freetrade to be a new app within the investing industry, it is one that offers a solid way to trade within the UK.
Freetrade as a service has been around since 2015 but it really took off in popularity when it launched its app in 2018, firstly on iOS and then on Android in 2019. Since then it has been continuously developed and now offers a great way to trade shares, but what makes it so great?
It’s Easy To Use
One of the first things that people notice about the Freetrade app is just how easy it is to use. Many people assume that trading in stocks and shares is something that is complicated and out of their reach, however, Freetrade is definitely geared towards making it accessible for all. The portfolio page shows you quickly and easily where your investments are and whether you’re in a profit or a loss. There is also an easy to read Discover page which lets you see other shares and how well they are doing. Depositing money to trade with or indeed selling any shares to withdraw your money is a smooth experience. Everything around the Freetrade app is designed to be sleek and user-friendly and that is certainly something they have achieved.
It’s Commission Free
When you start trading in stocks and shares, you often have to take into account fees and charges for doing so via certain platforms. One of the great things about Freetrade is that they offer a commission-free service. This means that you can buy, sell and trade stocks and shares without having to worry about fees. Don’t worry, there is no trick – Freetrade simply makes their money by interest earned on things like savings accounts that you can also sign up for on their app.
You Can Earn Free Shares
The Freetrade referral offer is one that has proved popular over recent months. When you sign up, you get a referral link that you can send to friends – when they sign up via your link, you both get a free share. The share you get varies in value but can be up to £200 and can be sold straight away. The referral scheme is not only a great way to earn free shares but also a way to introduce sharing trading to people who aren’t professional financial investors, which is in line with how the whole Freetrade app operates.
Whether you’re new to financial investments or you just want a new platform to try for sharing trading, Freetrade is likely to have something for you. With commission-free trading and a user interface that is extremely easy to use, you know that the app is going to be one you can make use of quickly and easily. Not only that, but sign up via a referral link and you’re straight off the starting blocks with a free share – so what do you have to lose?
Sign up to Freetrade here!
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I’ve heard so much about Free Trade, I’m gonna look more into it you know!
Rosie
This really isn’t my thing but I have seen the popularity of these apps/companies rise over the years. There is a very similar app to FreeTrade called Robinhood which had some pretty awful business practices that they had to change (the one you’re writing about sounds like it is better). It’s interesting to see how the idea of a side hustle has become so popular — thanks for sharing!
I have seen so much about free trade recently on social media but didn’t really know exactly what it was and how it worked so this was very useful! Thank you for sharing!
I’ve never heard about this before I will definitely check this out thanks for the article 😀