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Review of the Freetrade, Online share dealing:

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Basics, no services, little trust

Freetrade don’t provide enough basic services for their paying customers. You cannot vote, you cannot transfer from your ISA, you cannot DRS your shares and you have to trust them that they know where your US shares are. However, they actually don’t really know as that’s the main reason they don’t support DRS or stock transfer in the US. They also have a bad habit of changing their T&Cs for the worst (lending your shares without sharing revenues or giving you options to opt out for instance. Or when they say that they may shut down their services whenever they want etc). In other words : to be avoided Reviewed on: 23rd March 2022

Aurelien

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