Freetrade Junior ISA - incorrect information about fractional ETF investing
I wanted to share my recent experience with Freetrade’s Junior ISA.
Before transferring funds, I specifically asked Freetrade in writing whether VUSA, EQQQ and VWRL could be bought fractionally inside a Junior ISA. Their team replied:
“Yes, our Junior ISAs fully support fractional investing for ETFs, and VUSA, EQQQ, and VWRL are all available on our platform. You can absolutely set up a monthly recurring investment and automatically split it by your exact percentage allocation.”
Relying on that information, I sold investments I had set aside for my children in my Trading 212 pies, withdrew the proceeds, and opened/funded two Junior ISAs with Freetrade.
After doing so, I discovered that UK/EU-listed ETFs such as VUSA, EQQQ and VWRL cannot actually be bought fractionally on Freetrade.
I’ve raised a formal complaint and will update once Freetrade provides its final response.
Just sharing in case anyone else is considering transferring a Junior ISA specifically for fractional ETF investing.