Forex fees are insanely high for no reason. Complain
I started investing with freetrade back in 2020 in an ISA account which I used to pay for (no need to pay now, but with other providers never needed to pay).
I chose Freetrade because it seemed like an honest broker with no commissions, low fees, and despite you having to pay for the ISA I valued the transparency of the app and the fact that they didn’t “go down” during the GME fiasco.
Built my portfolio to a very sizeable amount, and I’m now considering leaving because their forex fees are INSANELY high. 1% if you’re on the free plan. And if you pay they’re still higher than other brokers… which you don’t even need to pay.
So I’m writing this to ask FreeTrade to re-consider their forex fees as I know I’m not the only one with this sentiment, and if they’re not reconsidered I’ll be migrating my ISA else where and give the same advice to my community. I know in the grand scheme of things, a few accounts with a few millions are worth nothing for freetrade. But I hope people can realise how stupidly expensive 1% is.