£25 Free Share Raffle Terms and Conditions | Freetrade

1. Freetrade’s (“Freetrade”, “we”, “us” or “our”)  £25 Free Share Raffle (“Free Share Raffle”) is valid for the Validity Period, which we may choose to extend at our full discretion. By participating in the Free Share Raffle, you (the “Participant”) agree to be bound by these terms and conditions (“£25 Free Share Raffle Terms and Conditions”). These terms are governed by English law.
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2. Under the Free Share Raffle, a Participant will qualify for entry into the Free Share Raffle (an “Entry”) if the Participant has met the eligibility criteria set forth in these Free Share Raffle Terms and Conditions.
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3. We reserve the right, at our sole discretion, to update these Free Share Raffle Terms and Conditions at any time. If we make an update, we will post the updated version of the Free Share Raffle Terms and Conditions on our website and provide you notice of the update. Continued participation in the Free Share Raffle after any update shall mean that the Participant has agreed to the update(s) made by Freetrade.‍
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4. These Free Share Raffle Terms and Conditions are in addition to Freetrade’s Terms and Conditions (which may be updated from time to time insofar as this is not to your detriment). In the event of any conflict between the foregoing terms and conditions, the order of precedence shall be as follows: these Free Share Raffle Terms and Conditions and Freetrade’s Terms and Conditions.
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5. Freetrade may end the Free Share Raffle and these Free Share Raffle Terms and Conditions at any time or may decide to not renew the Free Share Raffle Terms and Conditions at the end of the Validity Period by giving you written notice.‍
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6. Subject always to conditions 7 to 9 (inclusive) and 17, to be eligible for Entry, the Participant must:

          a. Be a UK tax resident,

          b. Be over 18 years old, 

          c. Be a Honey subscriber, and

          d. Complete the Annual ‘Honey by Freetrade’ Investor Survey by 5 December 2022.

7. Failure by the Participant to perform the actions in condition 6 shall result in the Participant being ineligible for Entry.
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8. Freetrade reserves the right to refuse, for any reason whatsoever and its sole discretion, to provide Entry to the Participant (including, without limitation, for reasons relating to the failure of satisfying the  eligibility criteria set out herein or breaching the provisions set forth in these Free Share Raffle Terms and Conditions.
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9. The Participant acknowledges that US nationals or dual US nationals residing in the UK are expressly excluded.
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10.  Under the Free Share Raffle, only one successful Entry Participant may win the Free Share Bundle (as defined below) subject to such Participant meeting the eligibility criteria above and having a Freetrade Account. If the winning Participant does not have Freetrade Account at the Draw Date (as defined below), the winning Participant must have: (i) successfully completed our customer onboarding checks; and (ii) completed a W-8BEN. These actions must be completed by the winning Participant within 14 days of being informed by the award (“Account Opening Deadline”). For the avoidance of doubt, a winning Participant shall only be entitled to one Free Share Bundle. 

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11.  Employees and contractors of Freetrade are not eligible to participate in the Free Share Raffle. 

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12. The successful Entry Participant who has won a prize under the Free Share Raffle shall be awarded with a bundle of free shares (“Free Share Bundle”).  Each Free Share Bundle awarded under these Free Share Raffle Terms and Conditions will be valued at not less than £25 (GBP) in the aggregate at the time of award. 

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13.  Subject to the requirements outlined in these Free Share Raffle Terms and Conditions being met by the Participant: (i) each free share within each Free Share Bundle is a financial instrument which is selected randomly by Freetrade from a pool of instruments we select for our Free Share Raffle; and (ii) Freetrade shall, at its sole discretion, determine the value of the Free Share Bundle.  The value of the Free Share Bundle means its approximate market value based on the collective price of the financial instrument at the time of award. The Participant acknowledges that the value of the Free Share Bundle may fluctuate, meaning its price may go up or down.
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14. Subject to the Participant’s full satisfaction of the conditions set forth in these Free Share Raffle Terms and Conditions and the Participant winning a Free Share Bundle under the Free Share Raffle, we will aim to award the Free Share Bundle to the Participant within fourteen (14) calendar days from either: (i) the Draw Date (as defined below); or (ii) where the winning Participant does not have a Freetrade Account, the Account Opening Deadline (the “Bundle Award Timeframe”). For the purposes of these Free Share Raffle Terms and Conditions, the “Draw Date” shall mean the date on which the Participant’s name is drawn from the Free Share Raffle. The Free Share Bundle will be deposited into the Participant’s Freetrade General Investment Account (“GIA”).

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15. The Participant acknowledges that Freetrade makes no guarantees whatsoever the Free Share Bundle will be awarded in the Bundle Award Timeframe. If the Free Share Bundle has not been awarded within the Bundle Award Timeframe, the Participant must email honey@freetrade.io.  For the avoidance of doubt, under no circumstances shall the Participant be entitled to any form of compensation for our failure to award the Free Share Bundle within the Bundle Award Timeframe.
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16. The Participant acknowledges that it may be subject to tax implications upon receiving the Free Share Bundle. Under no circumstances shall Freetrade be held liable or responsible for any such tax implications.
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17. For the avoidance of doubt, the Free Share Bundle will be awarded to a successful Participant who is both eligible and has won a Free Share Bundle under the Free Share Raffle.
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18. Neither receiving a Free Share Bundle under the Free Share Raffle nor any of our communications in connection with the Free Share Raffle Terms and Conditions 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.
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19. We reserve the right to modify, pause, suspend or end: (i) the Free Share Raffle, in whole or in part; and (ii) the Participant’s ability to either participate in the Free Share Raffle, at any time without cause, including for any suspected activity we deem to be abusive, fraudulent, or in violation of these Free Share Raffle Terms and Conditions.
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20. If we determine a material breach of these Free Share Raffle Terms and Conditions, the Participant will not be eligible for an award of a Free Share Bundle (if such Participant is successful in the Free Share Raffle). If we determine a breach of these Free Share Raffle Terms and Conditions, we may clawback, sell or cancel or take any other action as permitted under applicable law in respect of any free share awarded to the Participant as part of the Free Share Bundle or proceeds from such award received by the Participant in his or her account that relates to such breach. We may exercise these rights in respect of any or all of the free shares within the Participant’s Free Share Bundle or proceeds derived from the sale of the foregoing in the event that the breach arises from the actions of the Participant.

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