For a limited time, when you refer a friend, you can get a free share worth up to £100.
Between 22 December 2022 and 4 January 2023 successful referrals (as defined below) will result in a free share worth at least £10 and up to £100 for both the Sender and Recipient.
Our free share referral programme is open to current Freetrade customers who have:
If you’re eligible to refer by meeting the criteria outlined above, you can refer a friend.
Important: The free share or any cash proceeds received in connection with its sale can only be withdrawn after 180 calendar days from the award date. Breaching this term will result in you having to repay the value of the free share and being removed from the referral programme.
Learn more about our referral programme here.
You (and your friend) will only get a free share if your friend meets the below conditions:
The onboarding process is typically completed within a few minutes but it may in some instances take up to one week. Any manual onboarding and/or funding issues that delay qualification beyond 11 January 2023 at 23:59 will cause you to miss out on receiving a £10 to £100 free share so make sure you and/or your friends qualify as soon as possible and complete the onboarding process well ahead of time!
If your friend withdraws from their account and falls below the £50 minimum by the time of awarding, your referral will be deemed unsuccessful and neither of you will qualify for a free share.
If you, the Sender, withdraw from your account and fall below the £50 minimum by the time of awarding, you won’t be eligible for a free share. Your friend will still get one so long as they meet the qualification criteria.
Neither of you will get a £10 to £100 free share, unfortunately.
However, you might qualify for the usual £10 free share if your friends meets the criteria within 30 days of opening their account. See referral programme’s terms and conditions for more information.
Yes! Share your unique referral link with as many friends as you’d like. Bear in mind, the maximum number of free shares you can receive per calendar month is 10. Any referrals you make that exceed this limit will not be ‘carried over', so you won’t be awarded a free share.
No, this referral programme must only be shared with family and friends and cannot be promoted or shared on public social media channels or forums including, but not limited to, TikTok, Instagram, Facebook, Reddit, YouTube or Twitter. Breaching this term will result in your referrals being voided and disqualification from the referral programme.
You could receive a share from a pool of approximately 2,000 shares, ETFs and investment trusts, valued between £10 and £100.
The probability is weighted, so more expensive shares will be rarer. The below table shows the average probability distribution of free shares.
|Free share value||Probability||Free shares available*|
|£10-£25||Approximately 80% of free shares awarded||1,120 free shares|
|£25.01-£50||Approximately 15% of free shares awarded||210 free shares|
|£50.01-£75||Approximately 3% of free shares awarded||42 free shares|
|£75.01-£100||Approximately 2% of free shares awarded||28 free shares|
*This is our best estimate based on forecasted figures. If the number of free shares to award exceeds 1,400, we will award additional free shares according to the probability percentage in the second column.
The entire value of the share when sold may be subject to capital gains tax. You can check the value of each share when issued and/or sold on your portfolio screen.
Tax depends on your personal circumstances and rules can change. If you are unsure about any tax implications, seek advice from a tax professional.
Have questions? Email us at email@example.com.
Validity period: 22 December 2022 to 11 January 2023 at 23:59