Plus and standard members: Get a £20-£100 free share when you refer a friend

How does this promotion work?

Standard or Plus customers who refer a friend between 17 and 30 September 2024 will get a free share worth £20-£100 (instead of the usual £10-£100 free share).

How it works

1. Ensure you have an active Standard or Plus subscription.
2. Send your unique referral link to a friend.
3. Your friend signs up to Freetrade using your referral link between 17 and 30 September 2024. You and your friend will each see a pending free share in your General Investment Account (GIA).
4. Your friend passes our customer onboarding checks, fills out a W-8BEN form, and funds their account with at least £50 (net) by 7 October 2024 at 23:59.
5. You’ll each receive your £20-£100 free share within 7-10 days later.

Important

• An active subscription means you are currently a Standard or Plus subscriber and you have no outstanding invoices. You must have an active Standard or Plus subscription at the time you make the referral, up until the awarding date (at the latest, 7 October 2024).
• Referrals where Senders who do not meet the subscription criteria will be awarded the usual £10-£100 free shares.
• In order to receive a free share you, the Sender, must have at least £50 in your Freetrade account (net) and you must have a valid W-8BEN form.
• Before we award your free share, if your friend has withdrawn from their account causing their net funding to fall below £50, the referral will be deemed unsuccessful and you won’t qualify for the £20-£100 free share.
• Any cash proceeds received from the sale of the free shares can only be withdrawn 180 calendar days from the date the free share is awarded.

Can I participate in this promotion?

To be eligible for a free share as a Referrer, you must be on an active Standard or Plus subscription and have funded your Freetrade account with at least £50 (net). Net funding is calculated as total deposits minus total withdrawals.

An active subscription means you are currently a Standard or Plus subscriber and you have no outstanding invoices. You must have an active Standard or Plus subscription at the time you make the referral, up until the awarding date (at the latest, 7 October 2024).

Referrals where Senders who do not meet the subscription criteria will be awarded the usual £10-£100 free shares.

What free shares will I receive?

Free shares are randomly selected from a list of US and UK companies, ETFs, and trusts. Each free share will be valued between £20-£100.

You and your friend could get the same share, or different ones. It’s the luck of the draw.

The probability is weighted, so more expensive shares will be rarer. The below table shows the average probability distribution of free shares for this offer.

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How many friends can I refer?

You can refer up to ten friends per calendar 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 effective immediately.

‍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 a question? Email freeshare@freetrade.io.

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September 2024 Referral Offer Terms and Conditions 

Validity Period 

17 September - 30 September 2024

Introduction

1. Freetrade Limited’s (“Freetrade”, “we”, “us” or “our”) September 2024 Referral Offer Campaign (“ Referral Offer Campaign”) is offered subject to these September 2024 Referral Offer Terms & Conditions (“Referral Offer Terms & Conditions”). By taking any actions under the Referral Offer Campaign, you agree to be bound by these Referral Offer Terms & Conditions. These Referral Offer Terms & Conditions are governed by English law.

2. Under the Referral Offer Campaign, a free share (a “Free Share”) will be awarded to a relevant Sender and Recipient who have together successfully completed a Valid Referral in accordance with these Referral Offer Terms & Conditions. In these Referral Offer Terms & Conditions, the award of the Free Share is referred to as the “Award”.

3. The Referral Offer Campaign will be valid for the Validity Period, unless we extend that period. We may withdraw or amend these Referral Offer 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 all 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 during the Validity Period.

6. A referral which has met the criteria at (a) - (b) above ceases to be a Valid Referral if the Sender or the Recipient stops meeting any of their eligibility criteria set out at section 9 or section 11 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 Referral Offer Campaign and for no other purpose whatsoever. 

How a Sender qualifies for an Award 

8. In order to qualify for an Award, a person making a referral (a “Sender”) must:

(a) meet the eligibility criteria in section 9; and 

(b) have made a Valid Referral to a Recipient who meets the eligibility criteria in section 11. 

9. 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) have a tradeable value of not less than £50 in their Freetrade account(s) in aggregate and 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)  including awards under any other Freetrade campaign.

How a Recipient qualifies for an Award

10. In order to qualify for an Award, a person receiving a referral (a “Recipient”) must:

(a) meet the eligibility criteria in section 11; and

(b) have received and completed a Valid Referral from a Sender who meets the eligibility criteria in section 9. 

11. 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 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 during the Validity Period; 

(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(s) in aggregate by 7 October 2024 at 23:59 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

12. At the time of the Award under these Referral Offer Terms & Conditions, each Free Share will have a value of:

(a) If the Sender is an “active subscriber”, between £20 (GBP) and £100 (GBP); or

(b) If the Sender is not an “active subscriber”, between £10 (GBP) and £100 (GBP).   

13. You are an “active subscriber” if you have a paid Standard or Plus subscription and you have no outstanding invoices, at the time the referral is made and up until the awarding date. 

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 pool of instruments we select for our Referral Offer 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 for this offer. 

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Making the Award

16. We will use our best endeavours to make any Award within seven (7) to ten (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. Both Sender and Recipient will see a pending Free Share in their account before the Award is made. 

18. You may refer up to ten (10) family members or friends per calendar month. 

19. Employees and contractors of Freetrade are not eligible to take part in the Referral Offer Campaign. 

20. 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 Referral Offer Terms & Conditions.

21. 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

22. 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(s) and the Award.

No advice

23.  Neither the making of an Award nor any of our communications in connection with the Referral Offer 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

24. If you have a complaint in respect of the Referral Offer 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. 

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