A new limit of £25,000 for US stocks.
Our mission to get everyone investing means that anyone can invest from virtually any amount, commission-free.
As our customer base has grown to over 250,000, we’ve also seen our average order values increase dramatically in 2020.
An increasing number of customers have also requested an increase in the order limit, which was previously set at £9,900.
This week, we’ve enabled a new limit of £25,000 on US orders for all customers.
It has been made possible thanks to our Invest by Freetrade platform, which has enabled us to make many other considerable improvements to the investing experience for our customers.
If we see continued demand, we will implement higher trade value limits for UK stocks, too. This will take a bit more engineering work due to the PTM levy.
In the UK, there’s an independent regulatory body called the Panel of Takeovers and Mergers (PTM).
Its role is to ensure that all shareholders are treated equally during takeover bids.
When investors buy or sell shares with a value of over £10,000, the PTM charges them a levy of £1 automatically.
This levy applies on all trades executed on securities registered in the UK.
As mentioned above, we expect to see more and more demand for higher order sizes, and we will prioritise implementing that for UK securities as that demand picks up.
Let us know what you think about this change on the forum!
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