Freetrade question

tin586

I’ve been looking into Freetrade as a general non-ISA account option.
I am only interested in the £1 instant trades. However, it seems these are not necessarily as “instant” as one would expect.

With HL or iWeb there is a ‘countdown’ when the price is displayed and if you click to accept before it counts out, that is the execution price.

It seems this is not the case with Freetrade. I read this on their website:

“Due to the inherent nature of a moving market and any delays in displaying information through our mobile application, it is likely that the actual execution price will differ from that shown on screen before the order is made.”

Has anyone got any specific experience to share on delayed execution?
(My immediate thought is that it’s pretty crummy if an instant trade is not at a known price.)

Thanks.


(I have moved this question from the ISAs sub-thread).

N1ckS

I've only ever used the free orders but hopefully this should be helpful:
https://blog.freetrade.io/how-do-freetrades-orders-execute-5db0d35a8ea2

https://www.youtube.com/watch?time_continue=454&v=nGxVParbs3s

tin586

N1ckS wrote: »

I've only ever used the free orders but hopefully this should be helpful:
https://blog.freetrade.io/how-do-freetrades-orders-execute-5db0d35a8ea2

https://www.youtube.com/watch?time_continue=454&v=nGxVParbs3s

Thanks, I’ve seen those.

Alas, I am still not clear to what extent the delayed execution is against the individual investor’s interests. Conceivably it could work in their favour (?!)

I’d much rather pay a bit more to get certainty of price.

N1ckS

Sure, if you plan to do lots of trading with significant sums it would make sense to have certainty. Would be interesting to hear how others have fared although I haven't seen any complaints on their forum, which might suggest the delay is minimal.

Some nice features planned such as fractional ownership of shares/ETFs which should be helpful for anyone new to investing with limited funds:
https://blog.freetrade.io/fractions-for-all-7cc8b49d35c2