£10 to £100 Free Share Offer

‍FAQs

How does the £10 to £100 Free Share Offer work?

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.

Who is eligible to refer a friend?

Our free share referral programme is open to current Freetrade customers who have:

• Passed on-boarding checks,
• Filled the W-8BEN form (so you can trade US stocks), and
• Met a net funding amount of at least £50.
• Net minimum funding is calculated as deposits minus withdrawals.

How can I refer a friend?

If you’re eligible to refer by meeting the criteria outlined above, you can refer a friend. 

1. Tap on the Free share button on your app. 🎟
2. Send your unique referral link to a friend.
3. Your friend opens their account, passes on-boarding checks, fills a W-8BEN form and funds their account with at least £50 by 4 January 2023.
4. Once you qualify, you’ll both see your free share pending.
5. Your free share will be revealed and dropped into your General Investment Account (GIA) within 7-10 days. 🎁

Important: The free share or any cash proceeds received in connection with its sale can only be withdrawn after 180 calendar days from the award date.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.‍‍

What is a ‘successful’ referral?

You (and your friend) will only get a free share if your friend meets the below conditions:

1. They open a Freetrade account using your unique referral link between 22 December 2022 and 4 January 2023 at 23:59.
2. Your friend passes on-boarding checks, fills a W-8BEN form and funds their account with a net amount of £50 by 11 January 2023 at 23:59.

Important:

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.

What if my friend doesn’t meet the ‘successful’ criteria in time?

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.

Can I share my link with more than one person?

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.

Can I share my link on my social channels?

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.

What free share can I get?

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.‍

*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.

Do I have to pay taxes on free shares?

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 freeshare@freetrade.io. ‍

Terms and Conditions

Validity period: 22 December 2022 to 11 January 2023 at 23:59

1. Freetrade’s (“Freetrade”, “we”, “us” or “our”) £10 to £100 Free Share Offer is valid for the Validity Period, which we may choose to extend at our full discretion. By participating in the £10 to £100 Free Share Offer, you (the “Participant”) agree to be bound by these terms and conditions (“£10 to £100 Free Share Offer Terms and Conditions”). These terms are governed by English law.
2. A Participant will qualify for entry into the £10 to £100 Free Share Offer (an “Entry”) if the Participant has met the eligibility criteria set forth in these £10 to £100 Free Share Offer Terms and Conditions.
3. We reserve the right, at our sole discretion, to update these £10 to £100 Free Share Offer Terms and Conditions at any time. If we make an update, we will post the updated version of the £10 to £100 Free Share Offer Terms and Conditions on our website and provide you notice of the update. Continued participation in the £10 to £100 Free Share Offer after any update shall mean that the Participant has agreed to the update(s) made by Freetrade.‍
4. These £10 to £100 Free Share Offer Terms and Conditions are in addition to Freetrade’s Terms and Conditions and our Free Share Referral Terms & Conditions (each of which may be updated from time to time insofar as this is not to your detriment). In the event of any conflict between the foregoing terms and conditions, the order of precedence shall be as follows: these £10 to £100 Free Share Offer Terms and Conditions, Freetrade’s Free Share Referral Terms & Conditions and Freetrade’s Terms and Conditions. 
5. Freetrade may end the £10 to £100 Free Share Offer and these £10 to £100 Free Share Offer Terms and Conditions at any time or may decide to not renew the £10 to £100 Free Share Offer Terms and Conditions at the end of the Validity Period by giving you written notice.‍
6. Subject always to conditions 7 to 10 (inclusive) and 15, to be eligible for Entry, the Participant must be a UK tax resident and either:
   A. Sign up as a new customer of Freetrade via a referral link between 22 December 2022 and 4 January 2023 at 23:59 and perform the following actions by 11 January 2023 at 23:59 to become a newly funded customer (“Newly Funded Customer”):
   (i) Complete and pass all of our onboarding checks;
   (ii) Complete a W-8BEN form; and
   (iii) Fund his or her Freetrade account with a net amount of not less than £50 (GBP) for the first time.
   B. Refer a friend or family member using their unique referral link between 22 December 2022 and 4 January 2023 at 23:59, and such individual becomes a Newly Funded Customer (as defined above) of ours by:
   (i) Successfully signing up to a Freetrade account using the Referral Link during the Validity Period (such event referred to as a “Referral”); and
   (ii) Performing the actions outlined in condition 6(a)(i) to (iii) (inclusive) immediately above before 11 January 2023 at 23:59.
   For the avoidance of doubt, Referrals made by the Referrer pursuant to this condition 6(b) shall be subject to conditions 10 to 13 (inclusive) below.
7. Failure by the Participant to perform the actions in condition 6 or 10 shall result in the Participant being ineligible for Entry.
8. Freetrade reserves the right to refuse, for any reason whatsoever and its sole discretion, to either: (a) onboard a Newly Funded Customer; or (b) provide Entry to the Participant (including, without limitation, for reasons relating to the failure of satisfying the eligibility criteria set out herein or breaching the provisions set forth in these £10 to £100 Free Share Offer Terms and Conditions or the Free Share Referral Terms and Conditions).
9. The Participant acknowledges that US nationals or dual US nationals residing in the UK are expressly excluded.
10. A Referral to an existing or previous Freetrade customer will be ineligible to qualify for an Entry. The Referrer must be an existing customer of Freetrade at the time of making a Referral pursuant to condition 6(b) and have funded his or her Freetrade account with a net amount of not less than £50 (GBP) at the time of making the referral.
11. The Referrer acknowledges and agrees that 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, TikTok, Reddit and YouTube (with the exception of the direct messaging services) which may also be a criminal offence under applicable regulation and law.
12. The Referrer further agrees that he or she is only permitted to make Referrals to family members and friends. We have complete discretion to assess that a Referral or sharing of a Referral Link is in breach of this condition 12. In the event that we deem a Referral to be in breach of this condition 12, neither the Referrer nor the Newly Funded Customer will be eligible for an Entry. In addition, if we deem a Referral or the sharing of a Referral Link to be in breach of this condition 12, we may also perform any or all of the actions outlined in condition 22 or 23.
13. The Referrer must comply with: (i) the Free Share Referral Terms & Conditions; and (ii) 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 Sender’s participation in the Free Share Referral Programme and for no other purpose whatsoever.
14. Under the £10 to £100 Free Share Offer, free shares will be randomly selected from a pool of instruments we select for the offer. The Participant acknowledges that: (a) the probability of each free share is weighted so more expensive shares will be rarer; (b) approximate distribution of the value of free shares is available in the FAQs above. The value of a free share means its approximate market value based on the price of the financial instrument at the time of award. The Sender acknowledges that the value of a free share may fluctuate, meaning its price may go up or down.
15. The Participant acknowledges that it will not be eligible for a free share if: (a) he or she has closed or withdrawn below the £50 minimum funding amount from its account before the free share is awarded; or (b) he or she is a Referrer and the person he or she has referred has closed their Freetrade account or withdrawn below the £50 minimum funding amount from their account before the free share is awarded. 
16. Employees and contractors of Freetrade are not eligible to receive a free share under these £10 to £100 Free Share Offer.
17. The free share will be deposited into the Participant’s Freetrade General Investment Account (“GIA”).
18. We will aim to award the free share to the Participant within ten (10) calendar days from the date the Participant meets the criteria above. The Participant acknowledges that Freetrade makes no guarantees whatsoever that the free share will be awarded within this timeframe and that if the free share has not been awarded within the specified timeframe, the Participant must email freeshare@freetrade.io. For the avoidance of doubt, under no circumstances shall the Participant be entitled to any form of compensation for our failure to award the free share within the specified timeframe.
19. The Participant acknowledges that it may be subject to tax implications upon receiving a free share. Under no circumstances shall Freetrade be held liable or responsible for any such tax implications.
20. For the avoidance of doubt, a free share will be awarded to successful Participants who are both eligible and have met the criteria above under the £10 to £100 Free Share Offer. The Participant must be a UK tax resident to be eligible for the £10 to £100 Free Share Offer.
21. Neither receiving a free share under the £10 to £100 Free Share Offer nor any of our communications in connection with the £10 to £100 Free Share Offer Terms and Conditions 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.
22. We reserve the right to modify, pause, suspend or end: (i) the £10 to £100 Free Share Offer, in whole or in part; and (ii) the Participant’s ability to either participate in the £10 to £100 Free Share Offer, at any time without cause, including for any suspected activity we deem to be abusive, fraudulent, or in violation of these £10 to £100 Free Share Offer Terms and Conditions.
23. If we determine a material breach of these £10 to £100 Free Share Offer Terms and Conditions, the Participant will not be eligible for an award of a free share (if such Participant is successful in the £10 to £100 Free Share Offer). If we determine a breach of these £10 to £100 Free Share Offer Terms and Conditions, we may clawback, sell or cancel or take any other action as permitted under applicable law in respect of any free share awarded to the Participant as part of the £10 to £100 Free Share Offer or proceeds from such award received by the Participant in his or her account that relates to such breach. We may exercise these rights in respect of any or all of the free shares won by the Participant or proceeds derived from the sale of the foregoing in the event that the breach arises from the actions of the Participant.