Freetrade
Founded Year
2017Stage
Angel - VIII | AliveTotal Raised
$149.37MLast Raised
$2.22M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+6 points in the past 30 days
About Freetrade
Freetrade is a stock trading and investment app operating in the financial services sector. The company provides a platform for investing in UK, US, and European stocks and ETFs, as well as accounts like ISAs and SIPPs. Freetrade serves individual investors managing their own investment portfolios. It was founded in 2017 and is based in London, England.
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ESPs containing Freetrade
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
Active trading platforms provide retail investors, active traders, and institutional clients with access to a diverse array of investment options, including stocks, ETFs, options, and cryptocurrencies, often with commission-free trading. They typically feature capabilities such as fractional share trading, advanced charting tools, and educational resources to enhance the trading experience. These …
Freetrade named as Challenger among 8 other companies, including Charles Schwab, Robinhood, and Interactive Brokers.
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Research containing Freetrade
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Freetrade in 1 CB Insights research brief, most recently on Dec 15, 2021.
Expert Collections containing Freetrade
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Freetrade is included in 2 Expert Collections, including Wealth Tech.
Wealth Tech
2,294 items
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Fintech
13,413 items
Excludes US-based companies
Latest Freetrade News
Oct 14, 2024
2024-10-14T09:15:46.863+02:00 Monday, 14/10/2024 | 07:15 GMT by Arnab Shome The platform handled £3.4 billion in trading volume in the 15 months ending in December 2023. However, the number of users on the platform increased by 9 percent, reaching over 1.45 million. The branding of Freetrade on a taxi in the UK Trading volume on Freetrade, a stockbroking platform based in the UK, dropped to £3.4 billion in the 15 months ended 31 December 2023, compared to £3.6 billion in the previous 12 months. The company's latest Companies House filing is for 15 months as it is making January to December its fiscal year, changing it from October to September. A Good Year for Freetrade Despite Challenges Although net funding increased by £240.2 million in the 15 months, it remained lower than the £598.4 million in the previous 12 months. There was also a net equity funds outflow of £22 billion in 2023. “Despite strong macroeconomic headwinds… and significantly lower marketing spend, cash and assets that customers have deposited and transferred into their Freetrade accounts continued to increase each month,” the filing stated. Viktor Nebehaj, the CEO of Freetrade Freetrade further highlighted that the total assets under administration increased by 30 percent with the growth in “high-value customers.” It also witnessed an improvement in equity markets from a positive market movement of £137.5 million in assets under management in the 15 months. The latest Companies House filing further revealed that the total number of users on the Freetrade platform increased by 9 percent in 2023, reaching more than 1.45 million. Revenue Diversification Paid Off Meanwhile, Finance Magnates reported earlier that Freetrade’s revenue jumped by 45 percent to £21.6 million in the 12 months ending on 31 December 2023, compared to the corresponding period of the previous year. The company highlighted the revenue increase due to the diversification of its revenue streams. Although it offers a commission-free model, its revenue from subscriptions jumped by 9 percent. Further, the UK-registered company narrowed its losses by 64 percent to £13.9 million. It endured a loss of £38.8 million in the previous 12 months. “As a result of the continuation of cost-saving measures introduced in the previous fiscal year, Freetrade significantly reduced overall expenses during the period, positioning itself as a nimble and efficient growth business,” the filing added. “This reflected in the significant reduction in losses before taxation.” Trading volume on Freetrade, a stockbroking platform based in the UK, dropped to £3.4 billion in the 15 months ended 31 December 2023, compared to £3.6 billion in the previous 12 months. The company's latest Companies House filing is for 15 months as it is making January to December its fiscal year, changing it from October to September. A Good Year for Freetrade Despite Challenges Although net funding increased by £240.2 million in the 15 months, it remained lower than the £598.4 million in the previous 12 months. There was also a net equity funds outflow of £22 billion in 2023. “Despite strong macroeconomic headwinds… and significantly lower marketing spend, cash and assets that customers have deposited and transferred into their Freetrade accounts continued to increase each month,” the filing stated. Viktor Nebehaj, the CEO of Freetrade Freetrade further highlighted that the total assets under administration increased by 30 percent with the growth in “high-value customers.” It also witnessed an improvement in equity markets from a positive market movement of £137.5 million in assets under management in the 15 months. The latest Companies House filing further revealed that the total number of users on the Freetrade platform increased by 9 percent in 2023, reaching more than 1.45 million. Revenue Diversification Paid Off Meanwhile, Finance Magnates reported earlier that Freetrade’s revenue jumped by 45 percent to £21.6 million in the 12 months ending on 31 December 2023, compared to the corresponding period of the previous year. The company highlighted the revenue increase due to the diversification of its revenue streams. Although it offers a commission-free model, its revenue from subscriptions jumped by 9 percent. Further, the UK-registered company narrowed its losses by 64 percent to £13.9 million. It endured a loss of £38.8 million in the previous 12 months. “As a result of the continuation of cost-saving measures introduced in the previous fiscal year, Freetrade significantly reduced overall expenses during the period, positioning itself as a nimble and efficient growth business,” the filing added. “This reflected in the significant reduction in losses before taxation.” Topics 6532 Articles Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies. 6532 Articles Email By subscribing, you agree to our Terms of Use and Privacy Policy . You may unsubscribe at any time. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. SIGN UP Keep Reading Friday, 11/10/2024 | 04:24 GMT Thursday, 10/10/2024 | 10:50 GMT Friday, 04/10/2024 | 07:46 GMT Friday, 04/10/2024 | 04:44 GMT Thursday, 03/10/2024 | 11:00 GMT Thursday, 03/10/2024 | 11:00 GMT Friday, 11/10/2024 | 18:34 GMT Friday, 11/10/2024 | 12:27 GMT Friday, 11/10/2024 | 09:56 GMT Thursday, 10/10/2024 | 21:10 GMT Thursday, 10/10/2024 | 16:01 GMT Thursday, 10/10/2024 | 15:50 GMT Friday, 11/10/2024 | 18:34 GMT Friday, 11/10/2024 | 12:27 GMT Friday, 11/10/2024 | 09:56 GMT Thursday, 10/10/2024 | 21:10 GMT The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.📣 Stay updated with the latest in finance and trading!Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage.🔔 Subscribe to our YouTube channel for more!🔔 The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.📣 Stay updated with the latest in finance and trading!Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage.🔔 Subscribe to our YouTube channel for more!🔔 The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.📣 Stay updated with the latest in finance and trading!Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage.🔔 Subscribe to our YouTube channel for more!🔔 The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.📣 Stay updated with the latest in finance and trading!Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage.🔔 Subscribe to our YouTube channel for more!🔔 Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24 Join us at FMLS:24 to connect with global institutional brokers. 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See you next time!📣 Stay updated with the latest in finance and trading!Follow FMevents across our social media platforms for news, insights, and event updates.Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage.Subscribe to our YouTube channel for more! Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.🎬 Watch, share, and join the conversation!Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing.Stay tuned for more events. See you next time!📣 Stay updated with the latest in finance and trading!Follow FMevents across our social media platforms for news, insights, and event updates.Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage.Subscribe to our YouTube channel for more! 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Freetrade Frequently Asked Questions (FAQ)
When was Freetrade founded?
Freetrade was founded in 2017.
Where is Freetrade's headquarters?
Freetrade's headquarters is located at 10 Devonshire Square, London.
What is Freetrade's latest funding round?
Freetrade's latest funding round is Angel - VIII.
How much did Freetrade raise?
Freetrade raised a total of $149.37M.
Who are the investors of Freetrade?
Investors of Freetrade include Crowdcube, Molten Ventures, L Catterton, Left Lane Capital, The Phoenix and 5 more.
Who are Freetrade's competitors?
Competitors of Freetrade include WealthKernel, Shares, Trade Republic, Stockal, Wealthyhood and 7 more.
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