How to reduce risk with price alerts
I've thoroughly tested Freetrade services with our analyst team by opening a real-money account and these are my most important findings:
- Risk management is an important aspect in trading and investing.
- With price alerts, you can spot unusual swings in an asset's price and take appropriate action
- Price alerts are not available at Freetrade
Many investors fear a scenario where they would casually log in to their broker account, only to find that the price of a stock they own collapsed while they weren't looking. However, you probably don't want to check stock prices every hour either. So how can you spot such a risk in time?
Thankfully, many brokerages have an easy solution for this: price alerts. It's simple: just take a stock and set an alert price (either a specific price or as a percentage of the current price), and you'll receive a ping on your mobile phone or desktop when the stock hits that price; allowing you to access your platform and take appropriate action.
You can also set price alerts for stocks you don't yet own; so you can be notified when a stock price changes enough to be considered a good trading opportunity. No more FOMO! Sadly, not all brokers provide price alerts, or at least not on all devices. So let's see what Freetrade has to offer.
To find out more, read our in-depth guide to risk management, where we discuss various types of risks, as well as popular broker tools to handle them.
Are price alerts available at Freetrade?
No, price alerts are unfortunately not available at Freetrade's trading platforms.
| 💰 Freetrade mobile price alerts | No |
| 💰 Freetrade withdrawal fee | $0 |
| 💰 Freetrade minimum deposit | $0 |
| 💰 Freetrade inactivity fee | No |
| 📃 Freetrade deposit methods | Bank transfer, Credit/debit cards, Apple Pay, Google Pay |
| 🗺️ Country of regulation | UK, Sweden |
| 🎮 Freetrade demo account | No |
Data updated on June 17, 2024
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