Bonus Free Share Offer (Sports Collection)

Validity Period:

29 July 2024 to 11 August 2024  

‍

Introduction

1. Freetrade Limited’s (“Freetrade”, “we”, “us” or “our”) Bonus Free Share Referral Campaign (“Bonus Free Share Referral Campaign”) is offered subject to these Bonus Free Share Referral Terms & Conditions (“Bonus Free Share Referral Terms & Conditions”). By taking any actions under the Bonus Free Share Referral Campaign, you agree to be bound by these Bonus Free Share Referral Terms & Conditions. These Bonus Free Share Referral Terms & Conditions are governed by English law.
2. Under the Bonus Free Share Referral Campaign, a free share (a “Free Share”) and a bonus share (a “Bonus Share”) will be awarded to a relevant Sender and to a Recipient who have together successfully completed a Valid Referral in accordance with these Bonus Free Share Referral Terms & Conditions. In these Bonus Free Share Referral Terms & Conditions, the award of the Free Share and the Bonus Share is referred to as the (“Award”). 
3. The Bonus Free Share Referral Campaign will be valid for the Validity Period unless we extend that period. We may withdraw or amend these Bonus Free Share Referral Terms & Conditions to the extent that the withdrawal or amendment is not to your detriment, by updating them on our website. 
4. Any Freetrade account opened will be subject to Freetrade’s Terms and Conditions which can be found here.‍

Making a Valid Referral

5. A “Valid Referral” occurs when all of the steps in (a)-(c) below have been completed:
   1. (a) the Sender sends the referral link provided by us (“Referral Link”) via the Freetrade app to a Recipient between the Validity Period;
   2. (b) the Recipient uses the Referral Link to successfully sign up to a Freetrade account; and 
   3. (c) the Recipient provides us with the Sender’s email address when prompted to do so.
6. A referral which has met the criteria at 5(a)-(c) above ceases to be a Valid Referral if the Sender or the Recipient stops meeting any of their eligibility criteria set out at section 9 or section 11 below before the date of the Award.  
7. Referrals and sharing of Referral Links must not be made through public communications. For example, Referral Links must not be shared on public social media platforms or forums such as posting on Instagram, Tik Tok, Reddit and YouTube (with the exception of the direct messaging services). You must comply with the terms and policies of any website or application where a Referral Link is shared. Referral Links may only be used in connection with the Bonus Free Share Referral Campaign and for no other purpose whatsoever.‍

How a Sender qualifies for an Award‍

8. In order to qualify for an Award, a person making a referral (a “Sender”) must:
   1. (a) meet the eligibility criteria in section 9; and
   2. (b) have made a Valid Referral to a Recipient who meets the eligibility criteria in section 11.
9. The Sender’s eligibility criteria are that they:
   1. (a) are an existing customer of Freetrade; 
   2. (b) have passed all of our onboarding checks;
   3. (c) are a UK tax resident; 
   4. (d) have completed a W-8BEN form;
   5. (e) have a tradable value of not less than £50 in their Freetrade account(s) in aggregate from no later than 18 August 2024 at 23:59, and they have not thereafter made a transfer or withdrawal that causes the tradable value to fall below £50 before the date of the Award; and
   6. (f) would receive no more than ten (10) free shares in the calendar month in which the Recipient completes the Valid Referral steps at section 5(b) and (c), including awards under any other Freetrade campaign.

How a Recipient qualifies for an Award

10. In order to qualify for an Award, a person receiving a referral (a “Recipient”) must:
    1. (a) meet the eligibility criteria in section 11; and 
    2. (b) have received and completed a Valid Referral from a Sender who meets the eligibility criteria in section 9.

11.  The Recipient’s eligibility criteria are that they:
    1. (a) are a family member or a friend of the Sender; 
    2. (b) are not an existing or previous customer at the time they receive the Referral Link; 
    3. (c) have used the Referral Link to become a customer of Freetrade and have opened a Freetrade Account;
    4. (d) have passed all of our onboarding checks;
    5. (e) are a UK tax resident;
    6. (f) have completed a W-8BEN form; and
    7. (g) have a tradable value of not less than £50 in their Freetrade account(s) in aggregate from no later than 18 August 2024 at 23:59 and thereafter they have not made a transfer or withdrawal that causes the tradable value to fall below £50 before the date of the Award.

‍Value of the Award 

12. At the time of the Award under these Bonus Free Share Referral Terms & Conditions, each Free Share will have a value of between £10 (GBP) and £100 (GBP) and each Bonus Share will have a value of between £5 (GBP) and £20 (GBP). 
13. The value of a Free Share or a Bonus Share means its approximate market value is based on the price of the financial instrument at the time of the Award. The Sender acknowledges that the value of a Free Share and a Bonus Share may go up or down over time.
14. Each Free Share and each Bonus Share is a financial instrument which is picked randomly by us from a pool of instruments.  The selection is made such that:
    1. (a) the probability of each Free Share is weighted so more expensive shares will be rarer. The approximate distribution of the value of Free Shares is available here (see section entitled ‘What free shares will I receive?’ in the Bonus Free Share FAQs).; and 
    2. (b) the Bonus Share is selected at random from a list of shares in our temporary Sports Collection available via the Freetrade app worth between £5 and £20.

Making the Award‍

15. We will use our best endeavours to award the Free Share seven (7) to ten (10) days after the Recipient and Sender first qualify for an Award under section 8, 9, 10, 11 provided that the relevant Recipient and Sender still meet the criteria in section 8, 9, 10, 11 on the date of the Award. After seven (7) to ten (10) days from being awarded the Free Share, the Bonus Share will be awarded to the Recipient and Sender. If the Award has not been made within this timeframe, you should email freeshare@freetrade.io. 
16. ‍Employees and contractors of Freetrade may make a referral in accordance with these Bonus Free Share Referral Terms and Conditions, but they will not be eligible for a Free Share or Bonus Award in connection with our Bonus Free Share Referral Campaign.
17. We may refuse to make an Award if we reasonably consider that the Sender and/or the Recipient have engaged in activity we deem to be abusive, fraudulent, or in violation of these Bonus Free Share Referral Terms & Conditions. 
18. ‍If a Seller or a Recipient seeks to transfer out the Free Share or Bonus Share or any cash proceeds received as a result of the sale of the Free Share and/or the Bonus Share within one hundred and eighty (180) calendar days from the date of the Award then we may clawback, sell or cancel any relevant Free Share and/or Bonus Share awarded to that person or sell any other shares held by us for that person and/or deduct cash from their Freetrade account of an equivalent value to the Free Share/Bonus Share, as permitted under applicable law.

Tax implications 

19. Freetrade does not give tax advice or take account of your individual tax position. You are responsible for understanding your own tax position in relation to your Freetrade Account(s) and the Award.

No advice

20. Neither the making of an Award nor any of our communications in connection with the Bonus Free Share Referral Campaign constitute a recommendation by us to buy, sell, exercise any rights in or hold any financial instrument. Under no circumstances does Freetrade provide investment advice and individual investors should make their own decisions on what investments are right for them or seek independent advice.

Complaints

21. If you have a complaint in respect of the Bonus Free Share Referral Campaign, you should contact our Customer Service team at freeshare@freetrade.io, where your complaint will be handled in accordance with our complaints order handling procedure.