Freetrade - the startup that lets you invest for free
by Startacus Admin
We take a look at Freetrade, the fintech startup that'll enable us all to invest on the stock market...
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Certain Startacustodians might have been rich now had we continued to invest in the likes of Tesla and Bitcoin. Instead of writing this article, we’d be landing our private helicopter on our super-yacht and berating the help for not topping up Richard Branson’s champagne. Or at least getting that headlight bulb replaced. But we were young and naive and knew nothing of the dog-eat-dog world of investment. So here we are. You’re welcome. You, on the other hand, can learn from our mistakes and become the next Warren Buffett, without all the hassle and inconvenience of actually knowing what you are doing.
UK startup Freetrade is a challenger broker that has created a platform to bring easy investment right to you, enabling anyone to invest long term, and making investing more transparent and more affordable. Just download the app and start making money! Hopefully. After putting money in. It is completely free of charge to put money into whatever you want with trades executed at 4pm every day, and only a £1 fee if you want in instantly, and there are no exit fees either.
You can invest in all kinds of stocks, bonds, gold, and more with a variety of ETFs. Available for iOS and Android, you can invite friends and receive stocks randomly selected from a list of interesting companies, ETFs, and trusts, with a price up to £200.
Freetrade has proven popular from the beginning, completing the fastest ever raise on Crowdcube by raising $1.2m in 77 seconds! This continued on to become $7.5m from crowdfunding campaigns earlier in the year. On October 31, they announced that they concluded $15m in fundraising in 2019, led by another $7.5m Series A investment from one of Europe’s top tech-focused VC funds, Draper Esprit, pending FCA approval.
Obviously, you can still lose money, and you shouldn’t let the ease with which you can invest fool you into forgetting that this is still real, risky trading. But if you are careful and sensible with your investments, you can stand to build up a steady savings pool. Or Bugatti fund.
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Published on: 10th November 2019
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