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/biz/ - Business & Finance

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51427550 No.51427550 [Reply] [Original]

It's a UK Robinhood basically.

They're doing a crowd raise: https://freetrade.io/crowdfunding-2022

Their last funding round gave an implied valuation of about 650m, but they are doing a convertible loan note this time, so debt will convert to shares at 20% discount to a future price.

Only thing is, they're still loss making, and obviously private VCs weren't interested, hence the public round.

>> No.51427587

no, it's absolute dogshit, they don't support options which is the main appeal of robinhood, they also have shitty spreads, and execute your trades with a delay

all of my friends including me use interactive brokers who have are 1000x better, support options, bonds, fractional shares, premarket trading, etc. their mobile app is decent as well

>> No.51427600

>>51427587
Thanks.

I have an account, but yeah it's definitely aimed at beginners. I think UK investors are too retarded for options, and we're more heavily regulated here re complex products to normies.

>> No.51427607

>>51427587
>they don't support options which is the main appeal of robinhood
this

>> No.51427627

>>51427587
IB are probably the best, maybe Trading212 a close second, but their UI is absolute dogshit.
Also IB won't let me trade ETF's unless I jump though hoops.

>> No.51427650

>>51427627
That was the problem I had with IB, they make you jump through hoops to trade anything complex, and my account size isn't large enough.

>> No.51427706

>>51427550
i wouldnt invest in this climate but i think the app is here to stay