I'm leaving Freetrade..

I'm leaving Freetrade, I explain why, which stock broker I'm switching to and how it changes my stock portfolio.

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🔔 Disclaimer 🔔

Please note that this video does not constitute investment advice. Investing carries risks, so always conduct your own research and due diligence.

#stocks #stockmarket #investing #finance #ozbourneforeman #stockanalysis #ukinvesting #stockstobuy #freetrade

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[tomashworth]

T212 is miles better than freetrade. Freetrade now seems to be quite ironically named doesn’t it

[lou]

To transfer out of Freetrade: 'US securities will incur a cost of £17 per holding' and 'Stocks can only be transferred as whole shares.' So if, like me, you unwisely bought a few (part) US shares at the end of 2021, which are a long way off recovering, you would only want to do an in specie transfer (after buying more part shares to make them whole) but would need to weigh multiples of this £17 fee up against the Freetrade annual fee of £59.88 to hold an ISA.

[freshieabouttown]

I like this video Oz, straight to the point and quick... more bite size vids like these please

[porschecarrerascabriole]

Freetrade is cheaper for bigger balances as their fixed fee works out cheaper than anyone else. They don’t offer drawdown yet but I still need 3 years before I will be where so I wait for now and keep investing

[ttrjw]

When you do the in-specie transfer to T212 it asks you to give the cost basis for each share. I'm on T212 and already have access to the in-specie transfer function.