toptradingplatform

trading platforms

Freetrade made the announcement today that it would be releasing its new platform for trading stocks and shares. With this new platform, Freetrade will be the first company in the cryptocurrency trading platforms UK to offer commission-free trading technology and fractional share dealing.

The vast majority of individuals, particularly Millennials, are unable to afford to invest in the stock market. Smaller investors cannot participate due to the prohibitively expensive broker costs, which are normally approximately 12 pounds for each transaction. These investors typically need to see their investment rise significantly before it returns a profit. It is typically necessary for an investor to have a face-to-face appointment with an investment advisor (IFA) to receive help, which is not only costly but also time-consuming. This makes it difficult to receive accurate advice.

Freetrade will also be providing fractional shares dealing to the market in the United Kingdom; for instance, if Apple is trading at $100, customers will be able to invest $25 in shares of the company. In the United States, fractional share dealing is made possible by companies such as DriveWealth and Stash Invest. However, Freetrade is the first company in Europe to introduce this tried-and-true business model to the continent.

By utilising a model that is analogous to that of Uber and Airbnb, the Freetrade app will provide access to a network of independent financial advisors (IFAs). These IFAs will be able to provide advice directly through the trading platforms UK app, which will have the effect of lowering one of the most significant barriers to entry in the stock market investing industry. That's a first for me!
Freetrade has been permitted to participate in the FCA Innovation Hub programme and is currently submitting an application to the FCA for regulatory approval to operate as an execution-only broker. By the beginning of 2017, the organisation is on track to begin officially trading on the 288 billion pound share dealing market in the United Kingdom.
Freetrade's new trading platform is a game-changer for the stock market investing industry in the UK.

With its commission-free trading and fractional share dealing options, individuals of all income levels will now have the opportunity to invest and potentially see returns on their investments. However, if you still need more convincing, consider using TradingPlatformsUK. We offer comprehensive reviews and ratings for trading platforms UK-wide, including Freetrade. Check us out and discover what trading platform is the best fit for you.

The first commission-free stock trading platform has arrived in the UK