£30 Free Share Offer - August/September 2022

FAQs

How does this promotion work?

This promotion only applies to selected Freetrade customers who join Freetrade between 15 August and 11 September 2022.

Selected eligible customers who meet a net funding minimum of £1,000 (i.e. deposits minus withdrawals) by 18 September 2022 will receive a free share (or free share bundle) worth £30. 🎁

To qualify you must:

1. Sign up to Freetrade between 15 August and 11 September 2022 at 23:59. 
2. Complete our customer onboarding process, fill a W-8BEN form and fund your account with a net minimum of £1,000 by 18 September 2022 at 23:59.
3. Once you qualify, we’ll be in touch to offer you a mystery £30 free share or a £30 free share bundle. 
4. Your free shares(s) will drop into your General Investment Account within 30 days of you qualifying. 🎉

All we ask is that you keep your net funding above £1,000 until 31 March 2023. If you decide to leave or withdraw funds and your account balance falls below this amount before this date, then we will reclaim the free share or cash of an equivalent value of £30.

‍

When will I get my free share?

Your free shares(s) will drop into your General Investment Account within 30 days of you qualifying. If your net minimum funding drops below £1,000 by the time of awarding, you won’t qualify for the offer.

‍

What free share can I get?

Your free share (or free share bundle) will be worth at least £30 but no more than £35.‍

‍

So will I get a single free share or a bundle?

Once you qualify, we’ll send you an in-app message within seven days offering you a single free share or free share bundle. You’ll have seven days to choose. If we don’t hear from you within seven days, you’ll receive a single £30 free share by default.

‍

What if I want to close or withdraw from my account?

The free share(s) are yours to keep as long as you keep your net funding above £1,000 until 31 March 2023. If you decide to leave or withdraw funds and your account balance falls below this net funding amount before this date, then we will reclaim the free share or cash of an equivalent value of £30.

‍

Have a question? Email freeshare@freetrade.io.

‍

‍

Terms and Conditions

£30 August/September Free Share Offer for Select New Customers

Validity of offer from (and including): 15 August 2022 to 11 September 2022 (“Validity Period”)

Last updated: 15 August 2022

1. Freetrade’s (“Freetrade”, “we”, “us” or “our”) Free Share or Free Share Bundle (as defined below) offer  (“August/September Free Share Offer”) is valid for the Validity Period, which we may choose to extend at our full discretion. By taking any actions under this August/September Free Share Offer, you (the “Participant”) agree to be bound by these Terms and Conditions (“August/September Free Share Offer Terms and Conditions”). These terms are governed by English law.

2. The August/September Free Share Offer is only available to Participants, who are selected and contacted by Freetrade, during the period 15 August 2022 to 11 September 2022. Participants are selected randomly by Freetrade to be eligible for this August/September Free Share Offer. Customers who are not selected and contacted by Freetrade will unfortunately not be eligible for this August/September Free Share Offer.

3. Under the August/September Free Share Offer, eligible Participants who have met the eligibility criteria below may be awarded either a free share (a “Free Share”) or a bundle of free shares (collectively a “Free Share Bundle”) in accordance with conditions 12 – 15 (inclusive) of these August/September Free Share Offer Terms and Conditions. For the avoidance of doubt, eligible Participants will be awarded only one Free Share or one Free Share Bundle under these August/September Free Share Offer Terms and Conditions.

4. We reserve the right, at our sole discretion, to update these August/September Free Share Offer Terms and Conditions at any time. If we make an update, we will post the updated version of the August/September Free Share Offer Terms and Conditions on our website here and provide eligible Participants who have qualified for a Free Share or Free Share Bundle with notice of the update where such change may be detrimental to such persons. Continued participation in the August/September Free Share Offer after any update shall mean that the Participant has agreed to the update(s) made by Freetrade.

5. These August/September Free Share Offer Terms and Conditions are in addition to Freetrade’s General Terms and Conditions (as may be updated from time to time) (“General Terms and Conditions”) which can be found here (as long as this is not to your detriment). In the event of any conflict between these August/September Free Share Offer Terms and Conditions and Freetrade’s Terms and Conditions, these August/September Free Share Offer Terms and Conditions apply.

6. Freetrade may end the August/September Free Share Offer and these August/September Free Share Offer Terms and Conditions at any time or may decide to not renew the August/September Free Share Offer Terms and Conditions at the end of the Validity Period without notice.

Eligibility criteria
‍

7. Subject to conditions 7 – 11 (inclusive), 19, 20 and 23, to be successfully eligible for a Free Share or a Free Share Bundle under the August/September Free Share Offer, the Participant must:
     a) Be a New Customer of Freetrade;
     b) Have successfully completed our customer onboarding checks by 18 September 2022 at 23:59 (UK time);
     c) Have completed a W-8BEN form by 18 September 2022 at 23:59 (UK time); and
     d) Hold a Total Net Funding Value of at least £1,000 by 18 September 2022 at 23:59 (UK time).

8. In these August/September Free Share Offer Terms and Conditions: “New Customer” means a customer who is not an existing or previous Freetrade customer; and “Total Net Funding Value” means the monetary value calculated by deducting the total amount of cash withdrawals from the total value of cash deposits, which the customer has made to any of his or her Freetrade GIA, Freetrade ISA and Freetrade SIPP (as applicable).

9. The Participant acknowledges that failure to perform the relevant actions set out in condition 6 within the timeframes will result in the lapse of the Free Share or Free Share Bundle award to the Participant under the August/September Free Share Offer.

Conditions for retaining the August/September Free Share Offer award
‍

10. In order to retain an awarded Free Share or Free Share Bundle, or the cash value of the Free Share or Free Share Bundle, a Participant must retain a Total Net Funding Value of at least £1,000 until 31 March 2023.

11. If at any point until 31 March 2023, the Participant either: (i) closes his or her Freetrade Account; or (ii) withdraws an amount from his or her Freetrade GIA, Freetrade ISA or Freetrade SIPP which causes the Total Net Funding Value to fall below £1000, this will result in:
      a) Where Freetrade has awarded the Free Share or Free Share Bundle, and the free share(s) awarded are still held by the Participant and have not been sold, the Free Share or Free Share Bundle being forfeited and therefore removed from the Participant’s Freetrade GIA; or
      b) Where Freetrade has awarded the Free Share or Free Share Bundle, and one or more of the share(s) awarded has been sold by the Participant, a cash amount equal to the proceeds from the Participant’s sale of the awarded share(s) being deducted from Participant’s Available Funds. In addition, any awarded share(s), which are still held by the Participant and have not been sold, will be forfeited and will therefore be removed from the Participant’s Freetrade GIA.

Form of award
‍

12. Under these August/September Free Share Offer Terms and Conditions: (i) each Free Share awarded will be valued at approximately £30 (GBP); or (ii) each Free Share Bundle awarded will be valued at approximately £30 (GBP) in the aggregate at the time of award. 

13. Eligible Participants will be contacted by Freetrade via email or in-app message and will have 48 hours to indicate his or her preference to be awarded either a Free Share or a Free Share Bundle from the date and time of contact (“Contact Date”) using the mode of communication initially used by Freetrade. However, the Participant acknowledges that Freetrade: (i) may determine the form of award if the Participant does not indicate his or her preference within this timeframe; and (ii) has the ultimate right to determine whether to offer any form of award under these August/September Free Share Offer Terms and Conditions. The Participant is unable to choose which Free Share or Free Share bundle they will receive.

14. The Participant acknowledges that: (i) each Free Share and Free Share Bundle is a financial instrument or number of financial instruments which are selected randomly by Freetrade from a pool of instruments we select for our August/September Free Share Offer; (ii) Freetrade will not swap a Free Share or any free shares awarded within a Free Share Bundle for an alternative; and (iii) Freetrade shall have the sole discretion to determine the exact value of the Free Share or Free Share Bundle (including free shares within such Free Share Bundle) to be awarded to the Participant hereunder. 

15. The value of a Free Share or Free Share Bundle means its approximate market value based on the price of the financial instrument at the time of award. The Participant acknowledges that the value of a Free Share or a Free Share Bundle may fluctuate, meaning its price may go up or down.

Award timeframes
‍

16. Subject to the Participant’s compliance with the conditions outlined in these August/September Free Share Offer Terms and Conditions, we will aim to award the Free Share or Free Share Bundle  to the Participant within 30 calendar days from the Contact Date (“Award Timeframe”). The Free Share or Free Share Bundle (as applicable) will be deposited into the Participant’s Freetrade GIA.  

17. The Participant acknowledges that Freetrade makes no guarantees whatsoever the Free Share or Free Share Bundle will be awarded in the Award Timeframe. If the Free Share or Free Share Bundle has not been awarded within the Award 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 or Free Share Bundle within the Award Timeframe.

General
‍

18. The Participant acknowledges that it may be subject to tax implications upon receiving a Free Share or a Free Share Bundle (as applicable). Under no circumstances shall Freetrade be held liable or responsible for any such tax implications.

19. The Participant acknowledges that employees and contractors of Freetrade are not eligible to be awarded any Free Share or Free Share Bundle in connection with the August/September Free Share Offer. 

20. For the avoidance of doubt, a Free Share or Free Share Bundle (as applicable) will only be awarded to Participants who are eligible. The Participant must be a UK tax resident to be eligible for the August/September Free Share Offer. Those who are of US nationality or dual US nationality and reside in the UK are expressly excluded. We reserve the right to refuse to onboard prospective Participants who fail to meet the eligibility criteria outlined in these August/September Free Share Offer Terms and Conditions at any given time. We also reserve the right to refuse to onboard a prospective customer under our General Terms and Conditions, and may not always be able to disclose the reasons for such refusal.

21. Neither receiving a Free Share nor a Free Share Bundle nor any of our communications in connection with the August/September Free Share Offer constitutes 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. A customer may only hold one Freetrade Account at Freetrade. If a customer seeks to open a duplicate account, we reserve the right to terminate all of the Freetrade Accounts opened by that customer. Where a customer or prospective customer provides to Freetrade any false or otherwise misleading information in relation to his or her identity or personal circumstances, it will likely lead to Freetrade terminating any Freetrade Accounts held by that customer. Providing false or otherwise misleading information will likely constitute a criminal offence under applicable law.

23. We reserve the right to modify, pause, suspend or end: (i) the August/September Free Share Offer, in whole or in part; and (ii) the Participant’s ability to either participate in the August/September Free Share Offer, at any time without cause, including for any suspected activity we deem to be abusive, fraudulent, or in violation of these August/September Free Share Offer Terms and Conditions.

24. If we determine a breach of these August/September 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 or Free Share Bundle (as applicable) awarded to the Participant 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 a Participant’s Free Share or Free Share Bundle (as applicable) or proceeds arising from the foregoing in the event that the breach arises from the actions of the Participant.

‍

Taxes

The entire value of a Free Share or free shares within a Free Share Bundle 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 if you are unsure about any tax implications, seek advice from a tax professional.