Freetrade app

WilkinsonM

Hi. New member, sort of....  I had an account on the old board.  Ive looked at this trading account.  Done some reading, much thinking,  more reading, more thinking....  I think this might do a job, for me.  Before I open an account, does anyone have a referral link?

grumiofoundation

WilkinsonM said:

Hi. New member, sort of....  I had an account on the old board.  Ive looked at this trading account.  Done some reading, much thinking,  more reading, more thinking....  I think this might do a job, for me.  Before I open an account, does anyone have a referral link?

Referrals board

https://forums.moneysavingexpert.com/categories/referrers

DireEmblem

Sobraon said:

I am using the free trading process to build up my ETF holdings in IWDG and VHYL prior to moving the money in to a X-O ISA in April ( will buy IWDG and VHYL in the ISA).

I use the FT portfolio tool for tracking and when you add a new transaction the FT tool attempts to "fill in" the price for the buy order. I have not noticed an increased spread using Freetrade as compared to HL or iWEB.

Why did you pick a hedged etf?

bowlhead99

DireEmblem said:

Sobraon said:

I am using the free trading process to build up my ETF holdings in IWDG and VHYL prior to moving the money in to a X-O ISA in April ( will buy IWDG and VHYL in the ISA).

I use the FT portfolio tool for tracking and when you add a new transaction the FT tool attempts to "fill in" the price for the buy order. I have not noticed an increased spread using Freetrade as compared to HL or iWEB.

Why did you pick a hedged etf?

You may not get an answer given you're replying to a post from last year and the poster hasn't logged into the forum for over a month or posted anything since March.

The usual answer is
- thought Sterling may strengthen and wanted to eliminate that potential adverse effect, reducing a source of volatility at cost of upside (and with some mild hedging cost)
- was a mistake, buying a GBP hedged class thinking it was just a GBP-priced class.

Perhaps he wanted to hedge away only some of the currency volatility due to not having strong convictions, thus using one hedged and one unhedged ETF mentioned.

With hindsight, it would have been better not to hedge, as GBP weakened against Euro, Yen and Franc over the last 9 months while coming back to be flat against the dollar after dollars own recent weakness.

ranciduk

I’m thinking of opening one of these accounts using their app

one question- I don’t do mobile or internet banking or Apple Pay 

can you just put in your current account details to top up?