FAQs

To receive a free share worth between £50 and £1,200 as part of this offer, you must either 1) open a new ISA account and add cash or start an ISA transfer (of cash and/or investments) of at least £5,000 into your ISA account between 1 September and 31 October 2023, or 2) add cash or investments of the above amount to your existing Freetrade ISA during this time period, in line with the terms and conditions (including, where relevant, receiving a direct communication from Freetrade).

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**How does this promotion work for a new Freetrade customer?**

Step 1: Download the Freetrade app and open an ISA with us between 1 September and 31 October 2023 by following this link.

‍Step 2: Add cash or start an ISA transfer (of cash and/or investments) of at least £5,000 into your Freetrade ISA on or before 31 October 2023. Other eligibility rules apply, see the terms and conditions.

Step 3: Keep your ISA open. If you make withdrawals or transfers which cause your relevant ISA value to fall before we award the share, the value of your free share will be impacted. If it falls below £5,000, you will not be awarded a free share.

Step 4: We’ll drop the free share into your General Investment Account (GIA) usually within 90 days of your qualifying.

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**How does this promotion work for an existing Freetrade customer?**

Step 1: Open an ISA with Freetrade between 1 September and 31 October 2023 by following this link.

Step 3: Keep your ISA open. If you make withdrawals or transfers which cause your relevant ISA value to fall before we award the share, your free share value will be impacted. If it falls below £5,000, you will not be awarded a free share.

Step 4: We’ll drop the free share into your General Investment Account (GIA) usually within 90 days of your qualifying.

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Do I qualify for a free share if I already have a Freetrade ISA?

As a current Freetrade ISA customer, you will qualify for this offer only if you receive direct communications from our team and you follow the prescribed steps.

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What free share will I get?

Free shares are awarded according to the tier you fall into.

The value of the free share you receive will depend only on the net amount you put into your ISA (as cash and/or value of investments) between 1 September and 31 October, regardless of the amount you had in your Freetrade ISA, if any, before.

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Remember: If you withdraw or transfer any amounts out of your Freetrade ISA which causes its value to fall before we award the share, then this lower value will be used to determine whether you get a free share.

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When does this offer end?

This offer is only for ISAs into which cash or investments have been contributed between 1 September and 31 October 2023.

If you are transferring an ISA, you have to initiate a transfer before 31 October and you have up to 6 weeks for your transfer to be completed and counted for the free share award.

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Can you put the free share in my ISA?

Due to ISA rules, your free share will be awarded to your General Investment Account (GIA).

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

If you make a withdrawal or transfer which causes the value of the Freetrade ISA to fall or you close your Freetrade ISA before we award the free share, then this will affect whether you get a free share or how much that free share is worth.

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How many free shares can I get under this offer?

You may receive either one or several free shares equivalent to the total value of the free share you qualify for.

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When will I get the free share?

We will award the free share usually within 90 days of your qualifying. This is dependent on you keeping your ISA open, not withdrawing or transferring to below £5,000, and your subscription fees being paid until we award the free share.

If you make a withdrawal or transfer which causes the value of the Freetrade ISA to fall before we award the free share, then it will affect whether you get a free share or how much that free share is worth. If you close your Freetrade ISA before we award the free share, then you won't be awarded a free share.

⚠️ Eligibility to invest into an ISA and tax treatment depends on personal circumstances and all tax rules may change. Check before you transfer that we can accept your investments, you won’t lose any guarantees, and that you know what charges you may incur.

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. This is not investment advice.

Have questions? Email us at freeshare@freetrade.io.

Terms and Conditions

Validity Period: 1 September 2023 at 00.01 to 31 October 2023 at 23:59.

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Introduction

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1. Freetrade’s (“Freetrade”, “we”, “us” or “our”) ISA 2023 Sept-Oct Offer is valid for the Validity Period, which we may choose to extend. By participating in the ISA 2023 Sept-Oct Offer, you (the “Participant” or “you”) agree to be bound by these terms and conditions (“ISA 2023 Sept-Oct Offer Terms and Conditions”). These terms are governed by English law.

2. You will qualify for the ISA 2023 Sept-Oct Offer if you meet the eligibility criteria in conditions 5, 6 and 7 below.

3. Any Freetrade ISA opened will be subject to Freetrade’s Terms and Conditions and the Freetrade ISA Terms and Conditions.

4. Freetrade may withdraw or amend the ISA 2023 Sept-Oct Offer and these ISA 2023 Sept-Oct Offer Terms and Conditions, to the extent that the withdrawal or amendment is not to your detriment, by updating our website.‍

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Eligibility criteria

5. Subject to condition 6 and 7, you will be eligible for free share under the ISA 2023 Sept-Oct Offer if you meet the criteria in either A or B below:

A. You are an existing Freetrade ISA customer and you pay in at least £5,000 to that ISA, as follows:

i. you have received a direct communication from Freetrade inviting you to take part in the offer;

ii. you have followed the steps set out in that communication to take part in the offer;

iii. you have a Freetrade ISA at the start of Validity Period;

iv. you have an annual subscription with Freetrade;

v. you pay into your Freetrade ISA an additional amount of at least £5,000 GBP net by means of either or both of:

1. a cash subscription which is received into the Freetrade ISA before the end of the Validity Period; and/or

2. one or more transfers (of cash and/or investments) from an existing ISA with another provider, which you have asked us to make before the end of the Validity Period and where the relevant transfer(s) have been received into the Freetrade ISA on or before 14 November 2023;

B. You do not already have a Freetrade ISA, you open a Freetrade ISA and pay in at least £5,000, as follows:

i. you have either (1) received a direct communication from Freetrade inviting you to take part in the offer and you have followed the steps set out in that communication, or (2) you use a relevant Freetrade promotional link made available on our website to download the Freetrade App and/or apply for a Freetrade ISA;

ii. you did not have a Freetrade ISA immediately before the start of Validity Period (although you may have been an existing Freetrade customer with a Freetrade GIA);

iii. you are accepted by Freetrade for a Freetrade ISA which is opened before the end of the Validity Period, including having met Freetrade’s relevant application, onboarding and account opening requirements; and

iv. you pay into your Freetrade ISA at least £5,000 GBP net by means of either or both of:

1. a cash subscription which is received into the Freetrade ISA before the end of the Validity Period; and/or

6. You will only remain eligible for a free share after you have met the criteria in 5A, 5B above if you:

A. keep your Freetrade ISA open until the free share is awarded;

B. keep your annual Freetrade subscription in effect until after the free share is awarded and pay your subscription fee on time;

C. do not make a withdrawal or transfer which causes the value of your Freetrade account(s) to fall below any minimum amount that we specified in our promotional communication to you, at any time before we award the free share;

D. are not in breach of Freetrade’s Terms and Conditions or the Freetrade ISA Terms and Conditions, do not have any outstanding liability to Freetrade, or have not behaved in a way that we reasonably consider to be abusive, in bad faith, or fraudulent.

7. Employees and contractors of Freetrade are not eligible to receive a free share under these ISA 2023 Sept-Oct Offer Terms and Conditions.

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Value and awarding of the free share

8. The value of the free share(s) awarded under the ISA 2023 Sept-Oct Offer is set out in the table below. We may award one or more shares to reach the free share value, at our discretion.

9. The “relevant value” is the value of the total amount that you pay into your Freetrade ISA by means of either or both of:

a. a cash subscription which is received into the Freetrade ISA before the end of the Validity Period; and/or

b. one or more transfers (of cash and/or investments) from an existing ISA with another provider, which you have asked us to make before the end of the Validity Period and where the relevant transfer(s) have been received into the Freetrade ISA on or before 14 November 2023

unless you make one or more withdrawal(s) or transfer(s) from your ISA within the Validity Period, in which case the “relevant value” will be reduced by the total amount of those withdrawals and transfers.

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10. Free shares will be randomly selected from a pool of instruments we select for the ISA 2023 Sept-Oct Offer. The value of free share(s) means the approximate market value based on the price of the financial instrument at the time of award. You acknowledge that the value of a free share may fluctuate, meaning its price may go up or down after it has been awarded.

11. Any free share under the ISA 2023 Sept-Oct Offer will be awarded by being placed into your Freetrade General Investment Account.

12. Freetrade will use its best endeavours to award any free share to which you are entitled under the ISA 2023 Sept-Oct Offer within ninety (90) calendar days from the date the Participant first meets the relevant criteria outlined in condition 5. If the free share has not been awarded within this timeframe, you should email freeshare@freetrade.io.

13. If you make a withdrawal or transfer which causes the value of your relevant Freetrade account to fall below any minimum amount that we specified in our promotional communication to you, you close the relevant Freetrade account or stop your annual subscription, then Freetrade may clawback, sell or cancel any free share awarded to the Participant as part of the ISA 2023 Sept-Oct Offer or sell any other shares held by us for the Participant and/or deduct cash from the Participant’s account of an equivalent value to the free share, as permitted under applicable law.

Tax implications

14. 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 the Freetrade ISA and the award of a free share.

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Other

15. Neither receiving a free share under the ISA 2023 Sept-Oct Offer nor any of our communications in connection with the ISA 2023 Sept-Oct Offer constitute a recommendation by us to buy, sell, exercise any rights in or hold any financial instrument. As soon as a free share is awarded, the Participant is responsible for making a decision about whether to hold or to sell that free share. 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.

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Important information

Eligibility to invest into an ISA and the value of tax savings depends on personal circumstances and all tax rules may change.

Before making your decision to transfer an ISA to Freetrade, please read our page on transferring, which explains the options available and gives you the important information you need to know.

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ISA 2023 Sept-Oct Offer