Validity Period: 23 May 2024 - 31 July 2024
Introduction
1. Freetrade Limited’s (“Freetrade”, “we”, “us” or “our”) New ISA Offer Free Share Campaign (“New ISA Offer Free Share Campaign”) is offered subject to these New ISA Offer Free Share Campaign Terms & Conditions (“New ISA Offer Free Share Campaign Terms & Conditions”). By taking any actions under the New ISA Offer Free Share Campaign, you agree to be bound by these New ISA Offer Free Share Campaign Terms & Conditions. These New ISA Offer Free Share Campaign Terms & Conditions are governed by English law.
2. Under the New ISA Offer Free Share Campaign, one or more free shares (a “Free Share”) will be awarded to a relevant account holder who meets the criteria set out in these New ISA Offer Free Share Campaign Terms & Conditions. In these New ISA Offer Free Share Campaign Terms & Conditions, the award of the Free Share is referred to as the “Award”.
3. The New ISA Offer 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 New ISA Offer Free Share Campaign Terms & Conditions to the extent that the withdrawal or amendment is not to your detriment, by updating them on our website.
4. “Relevant Freetrade Account'' means a Freetrade ISA which is opened by you during the Validity Period. Freetrade ISA Accounts are subject to Freetrade’s ISA Terms and Conditions (which can be found here).
How to qualify for the ISA Free Share Campaign
5. In order to qualify for the New ISA Offer Free Share Campaign, you must:
(a) open a Freetrade ISA for the first time, with a standard or plus annual subscription (only Freetrade customers who have not had an ISA with Freetrade before are eligible);
(b) have passed all of our onboarding checks;
(c) be a UK tax resident;
(d) have completed a W-8BEN form.
How you qualify for an Award
6. In order to qualify for an Award, you must:
(a) pay into your Freetrade ISA at least £10,000 GBP net (“Minimum Net Funding Amount”) by means of either or both of:
(i) a cash subscription which is received into the Freetrade ISA before the end of the Validity Period; and/or
(ii) 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.
7. You will only remain eligible for an Award after you have met the criteria in 5 and 6 above if you:
(a) keep any annual Freetrade subscription in effect and pay your subscription fee on time;
(b) do not make a withdrawal or transfer which causes the value of the Relevant Freetrade Account to fall below the Minimum Net Funding Amount at any time before we make the Award;
(c) are not in breach of Freetrade’s Terms and Conditions (or the Freetrade ISA Terms and Conditions, or the Freetrade SIPP Terms and Conditions, if applicable); and
(d) 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. We may award one or more shares to reach the free share value, at our discretion.
9. Free shares will be randomly selected from a pool of instruments we select for the New ISA Offer 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 free shares under the New ISA Offer 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 New ISA Offer Free Share Campaign:
(a) within ninety (90) calendar days from the end of the Validity Period; or
(b) by the end of the calendar month in which the Minimum Net Funding Amount is received.
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 Relevant Freetrade Account to fall below the Minimum Net Funding Amount; (ii) you close the Relevant 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 New ISA Offer Free Share 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 New ISA Offer 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 New ISA Offer 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.
