I did all the hardwork to transfer only to find out, the reason why they are cheap/free is because they don't use the same quote systems as all other Hargreaves Lansdown, AJ Bell and Interactive Investors(I have used them all)I did small transaction of buy and sell of 1000 TR28 gilts twice on freetrade and once on Interactive investorsThe spread on Freetrade was 0.3%(twice) while on Interactive investors the spread was 0.03%. Which means if you trade just 3 times on freetrade you are giving away 1% to freetrade, this is much worse outcome than the 1% cashback that they are offering currentlyBack to interactive Investors unfortunately or maybe I will try Interactive Brokers this timeThere must be a good reason why they don't use RSP quote-driven pricing, we all know how Robinhood operates in USA, maybe there is something similar here.
Claim your business profile now and gain access to all features and respond to customer reviews.
With Freetrade, you can invest for free in the stock market. Our app is available today on iOS and Android.