Validity Period: 29 May 2024 - 2 June 2024
Introduction
1. Freetrade Limited’s (“Freetrade”, “we”, “us” or “our”) Initial Top-up Free Share Campaign (“Free Share Campaign”) is offered subject to these Initial Top-up Free Share Campaign Terms & Conditions (“Campaign Terms & Conditions”). By taking any actions under the Free Share Campaign, you agree to be bound by these Campaign Terms & Conditions. These Campaign Terms & Conditions are governed by English law.
2. Under the Free Share Campaign, a free share (a “Free Share”) will be awarded to a relevant account holder who meets the criteria set out in these Campaign Terms & Conditions. In these Free Share Campaign Terms & Conditions, the award of the Free Share is referred to as the “Award”.
3. The Free Share Campaign will be valid for the Validity Period, unless we take a decision to extend that Validity Period. We may withdraw or amend these Campaign 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 eligible under this Free Share Campaign will be subject to Freetrade’s Terms and Conditions which can be found here. “Freetrade Account” has the meaning given in those terms.
How to qualify for the Free Share Campaign
5. In order to qualify for participation in the Free Share Campaign, you must:
(a) have received direct communication from Freetrade inviting you to participate in the Free Share Campaign;
(b) have opened a Freetrade Account between 1 May 2023 and 1 May 2024;
(c) have passed all of our onboarding checks;
(d) be a UK tax resident;
(e) have completed a W-8BEN form; and
(f) have never funded any of your Freetrade accounts before the date of the invitation to this Free Share Campaign.
How you qualify for an Award
6. In order to qualify for an Award, you must pay at least £50.00 GBP net (“Minimum Net Funding Amount”) into your Freetrade account before the end of the Validity Period.
7. You will only remain eligible for an Award after you have met the criteria in 5 and 6 above if you:
(a) do not make a withdrawal or transfer which causes the value of the Freetrade account to fall below the Minimum Net Funding Amount at any time before we make the Award;
(b) are not in breach of Freetrade’s Terms and Conditions; and
(c) 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.
Value of the Award
8. The total value of the free share(s) making up the Award is set out in the table below.
9. Free shares will be randomly selected from a pool of instruments we select for the Free Share Campaign. 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 the Award has been made.
Making the Award
10. We will make an Award of a free share under the Free Share Campaign by placing them into your Freetrade GIA.
11. Freetrade will use its best endeavours to award any free share to which you are entitled to under the Free Share Campaign:
(a) within seven (7) to ten (10) calendar days after it appears as pending in your Freetrade account;
(b) If the Award has not been made within this timeframe, you should email freeshare@freetrade.io.
12. If, within one hundred and eighty (180) days following the Validity Period, you (i) make a withdrawal or transfer which causes the value of your Freetrade account to fall below the Minimum Net Funding Amount; (ii) you close the Freetrade account; or (iii) stop any applicable annual subscription, then Freetrade may clawback, sell or cancel any free share awarded or sell any other shares held by us for you and/or deduct cash you account of an equivalent value to the free share, as permitted under applicable law.
13. We may refuse to make an Award if we reasonably consider you to have engaged in activity we deem to be abusive, fraudulent, or in violation of these Campaign Terms & Conditions.
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 your Freetrade account(s) and the Award.
No advice
15. Neither the making of an Award nor any of our communications in connection with the Free Share 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
16. If you have a complaint in respect of the Free Share 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.
