We are authorised! 🎉
Just over a year ago, we started building a new kind of stockbroker.
It’s been about scratching our own itch. All of us searched for a free stock trading app (we assumed it ought to exist in the UK), and found none.
We’re close for that to change.
As of 2nd October, Freetrade is authorised by the FCA. If you are into regulation geekery, look us up.
Our authorisation is a big step that enables us to open client accounts as soon as we start the roll-out.
Also:
- As a directly authorised stockbroker, we have the same stockbroker permissions as the incumbent firms, e.g. Hargreaves Lansdown.
- No middlemen. The cost savings will be passed on to you.
- As our customer, you’ll deal with a stockbroker that meets the FCA’s standards and is regulated by them. You’ll be protected by the Financial Services Compensation Scheme.
Our authorisation is also a step in going full stack, which for us is more than owning the tech stack.
It means owning our ‘stockbroker stack’, too: becoming members of same organisations, and having the same permissions as the old guard.
Our community is growing fast. With 15,000 members, we get questions and input daily. Request your invite to play your part in what we are building.
Our ambition is to enable our generation in Europe to invest: properly benefit from economic growth, build wealth, and influence companies by ‘voting’ with money — regardless of how much you have now. And we want you on board.
