Exciting news! You may have seen a few Freetrade customers celebrating on Twitter recently.
No wonder — free shares are a magical feeling!
And now we’re rolling out Free Share to everyone.
Free Share is our new incentivised referral system.
With Free Share, an existing Freetrade customer can invite a friend to join Freetrade and you’ll both earn a free share, once they sign up and fund their account (and complete their W-8BEN form).
You grow your portfolio and your friend gets their first taste of the wonders of investing through owning a delightfully surprising stock.
So far, we’ve been testing the feature with our crowdfunding investors. Over the next week or so, we’ll be launching it to all customers.
Each invite can only be used by one friend and redeemed for one share each. We’ll give out more invites as you use them. If you want extra invites, just ask. There are still a few enhancements to make — like tracking multiple invites at once — but we want to get the feature out to everyone ASAP.
For the fine nitty-gritty, you can find the full terms and conditions here.
There are over 200 stocks in the Free Share pool, ranging in value up to £200. More expensive stocks have a lower chance of appearing, cheaper ones are more common.
Within this probability weighting, the share each person gets is assigned completely randomly. It’s based on matching up two bits of info: your anonymised customer ID (a random string of characters) and the share. You won’t have a different chance for more expensive shares depending on factors like portfolio size, activity on the app or number of invites. Or indeed shoe size or star sign. ⭐️
We may update the weighting or the protocol in response to customer feedback in the future.
The shares can include companies, ETFs and trusts and some of the most valuable stocks in the pool are Tesla, Berkshire Hathaway, Apple and Beyond Meat.
Good luck!
Indeed. Because not only do you and your friend get free shares, you’re quite literally sharing Freetrade with them.
It’s very, very clever.
We’re rolling out Free Share invites to all our customers over the next week or so. Keep an eye out for notifications and on your Portfolio screen.
And once you’ve earned your free share, feel free to share it on social and the community!
Important Information
This should not be read as personal investment advice and individual investors should make their own decisions or seek independent advice.
When you invest, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Past performance is not a reliable indicator of future results.
Freetrade is a trading name of Freetrade Limited, which is a member firm of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales (no. 09797821).
