Refer a friend for £10-£250 free share
FAQs
Refer a friend between 20 August and 17 September 2025, and you’ll each get a free share worth up to £250!
How it works
- Your friend signs up to Freetrade using your referral link between 20 August and 17 September 2025. You’ll each see a free share pending in your account.
- You friend completes and passes our customer onboarding checks, fills out a W-8BEN form, and funds their account with at least £50 (net) by 23 September 11:59 PM at the latest
- You and your friend’s £10-£250 free share will be awarded within 7-10 days after your friend qualifies.
Note: In your app, you will see your pending free share is worth £10-£100. For referrals made during the campaign, disregard this. Free shares will be in the £10-£250 range.
Important
- To be eligible for a free share as a Sender (i.e. the referrer), you must have funded your Freetrade account with at least £50 (net). Net funding is calculated as total top-ups minus total withdrawals.
- If the Recipient (i.e. the person who was referred) withdraws from their account, causing it to fall below £50 net funding before the free share is awarded, the referral will be deemed unsuccessful, and neither of you will qualify for the £10-£250 free share.
- Any cash proceeds received from the sale of the free shares can only be withdrawn 180 calendar days from the date the free share is awarded.
- If terms of the offer are completed outside of the campaign dates, the usual Free Share Terms and Conditions apply.
Which free shares will I receive?
Qualifying referrals will earn a free share for both the Sender and the Recipient.
Free shares are randomly selected from a list of interesting US and UK companies, ETFs, and trusts. The first free share will be valued up to £250.
The probability of free shares is weighted, so more expensive shares will be rarer. The below table shows the probability distribution of free shares.
I can’t see my free share.
Once you make a referral, your free share will automatically appear as pending in your account.
It takes from 7 to 10 days to be awarded, so long as all the conditions have been met.
If you haven’t received your free share, check that your friend has met the qualifying conditions:
- They used your referral link to open their Freetrade account,
- They filled out a W-8BEN form, and
- They topped up with at least £50 (net)
If your friend topped up their account then withdrew the cash, then unfortunately the referral is deemed unsuccessful and you won’t qualify for a free share.
If your friend has withdrawn, it won’t be reflected in your app and may still show as due for awarding in 7 to 10 days. So check with them that they still qualify.
Remember, as the referrer, you’ll also need at least £50 net funding in your account, too.
How many friends can I refer?
You can refer up to 10 friends per month.
Remember, referrals should only be made to family and friends, and links can’t be shared on public social media channels or forums. Breaching this term will result in disqualification from the referral programme.
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.
Important information
£10-£250 Free Share Referral Campaign Terms and Conditions
Validity of offer: 20 August 2025 - 17 September 2025
Introduction
1. Freetrade Limited’s (“Freetrade”, “we”, “us” or “our”) £10-£250 Free Share Referral Campaign (“Free Share Referral Campaign”) is offered subject to these £10-£250 Free Share Referral Terms & Conditions (“Free Share Referral Terms & Conditions”). By taking any actions under the Free Share Referral Campaign, you agree to be bound by these Free Share Referral Terms & Conditions. These Free Share Referral Terms & Conditions are governed by English law.
2. Under the Free Share Referral Campaign, a free share (a “Free Share”) will be awarded to each of a relevant Sender and Recipient who have together successfully completed a Valid Referral in accordance with these Free Share Referral Terms & Conditions. In these Free Share Referral Terms & Conditions, the award of the Free Share is referred to as the “Award”.
3. The Free Share Referral Campaign will be valid for the Validity Period, unless we extend that period. We may withdraw or amend these 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. “Freetrade Account” has the meaning given in those terms.
Making a valid referral
5. A “Valid Referral” occurs when both of the steps in (a)-(b) below have been completed:
(a) the Sender sends the referral link provided by us (“Referral Link”) via the Freetrade app to a Recipient; and
(b) the Recipient uses the Referral Link to successfully sign up to a Freetrade Account before the end of the Validity Period.
6. A referral which has met the criteria at 5 above ceases to be a Valid Referral if the Sender or the Recipient stops meeting any of the relevant eligibility criteria set out at section 10 or section 12 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 Free Share Referral Campaign and for no other purpose whatsoever.
8. You may refer up to ten (10) friends per month under this Free Share Referral Campaign.
How a Sender qualifies for an Award
9. In order to qualify for an Award, a person making a referral (a “Sender”) must:
(a) meet the eligibility criteria in section 10; and
(b) have made a Valid Referral to a Recipient who meets the eligibility criteria in section 12.
10. The Sender’s eligibility criteria are that they:
(a) are an existing customer of Freetrade;
(b) have passed all of our onboarding checks;
(c) are a UK tax resident;
(d) have completed a W-8BEN form;
(e) from no later than the time of the Award, have a tradeable value of not less than £50 in their Freetrade account in aggregate 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
(f) have received no more than ten (10) Free Shares in a calendar month in which the Recipient completes the Valid Referral steps at section 5(b) and including awards under any other Freetrade campaign.
How a Recipient qualifies for an Award
11. In order to qualify for an Award, a person receiving a referral (a “Recipient”) must:
(a) meet the eligibility criteria in section 12; and
(b) have received and completed a Valid Referral from a Sender who meets the eligibility criteria in section 10.
12. The Recipient’s eligibility criteria are that they:
(a) are a family member or a friend of the Sender;
(b) are not an existing or previous customer of Freetrade at the time they receive the Referral Link;
(c) have used the Referral Link to become a customer of Freetrade and have opened a Freetrade Account;
(d) have passed all of our onboarding checks;
(e) are a UK tax resident;
(f) have completed a W-8BEN form; and
(g) have a tradable value of not less than £50 in their Freetrade account in aggregate by 23 September 2025 at 11.59pm after opening a Freetrade account 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
13. At the time of the Award under these Free Share Referral Terms & Conditions, each Free Share will have a value between £10 (GBP) and £250 (GBP).
14. The value of a Free Share means its approximate market value based on the price of the financial instrument at the time of the Award. The Sender acknowledges that the value of a Free Share may go up or down over time.
15. Each Free Share is a financial instrument which is picked randomly by us from a list of US and UK companies, ETFs and trusts we select for our Free Share Referral Campaign. The selection is made such that:
(a) the probability of each Free Share is weighted so more expensive shares will be rarer; and
(b) the below table shows the average probability distribution of free shares.
Making the Award
16. We will use our best endeavours to make any Award within seven to ten (7 to 10) business days of a Valid Referral first occurring under section 5 (a) - (b) above, provided that the relevant referral remains a Valid Referral on that date. If the Award has not been made within this timeframe, you should email freeshare@freetrade.io.
17. Employees and contractors of Freetrade may make a referral and become eligible for an Award in accordance with these Free Share Referral Terms and Conditions.
18. 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 Free Share Referral Terms & Conditions.
19. If a Sender or Recipient seeks to transfer out the Free Share or any cash proceeds received as a result of the sale of the Free 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 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, as permitted under applicable law.
Tax implications
20. 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 and the Award.
No advice
21. Neither the making of an Award nor any of our communications in connection with the 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
22. If you have a complaint in respect of the 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.
