How does this promotion work?
Open an account and/or refer a friend between 13-30 April 2022 and get entered into a prize draw to win one of 20 free share bundles of energy and telecoms instruments collectively valued at £500 each.
Winners will be drawn on Friday 6 May 2022. 💰
If you win you’ll be contacted via email and in-app message. You’ll have 48 hours to respond and claim your prize. If you don’t respond within the 48 hour period, the Free Share Raffle will be redrawn the following Monday.
Winners will be required to send a photo of themselves with their Free Share Bundle which we may choose to use on our social channels.
The Free Share Raffle will be subject to the Free Share Raffle Terms and Conditions below. Terms not defined in these FAQs shall have the same meaning as those ascribed to them in the Free Share Raffle Terms and Conditions.
What are the prizes?
20 x £500 Free Share Bundles.
The Free Share Bundle might include stocks such as National Grid, EVgo, First Solar and Verizon! 🎁
How can I be entered into the Free Share Raffle?
The Free Share Raffle will be valid from 13 April 2022 to 30 April 2022 at 23:59 (Validity Period).
Newly funded customers
Newly funded customers of Freetrade as at or after 13 April 2022, will automatically be entered into the Free Share Raffle if they are a UK tax resident and have:
- Completed and passed our customer onboarding process and Freetrade accepts such individual as a customer,
- Filled a W-8BEN form, and
- Funded their Freetrade account with at least £1 for the first time during the Validity Period (13 April - 30 April 2022 at 23:59).
The cut-off time for entries into the Free Share Raffle is 5 May 2022 at 23:59.
The onboarding process is typically completed within a few minutes but it may in some instances take up to one week. Any manual onboarding and/or funding issues that delay qualification beyond 5 May 2022 at 23:59 will cause you to miss out on being entered into the Free Share Raffle so make sure you qualify as soon as possible and complete the onboarding process well ahead of time!
Please note that Freetrade reserves the right to refuse to onboard a new customer (including potential referred customers) for any reason whatsoever.
Existing customers
For every friend you successfully refer to Freetrade between 13 April - 30 April 2022 at 23:59 (Validity Period), you’ll receive an automatic entry into the Free Share Raffle. To enter the Free Share Raffle, the person you refer must be a UK tax resident and do the following during the Validity Period:
- Sign up to Freetrade using your Referral Link (as explained further in the Free Share Raffle Terms and Conditions below),
- Complete and pass our customer onboarding process and Freetrade accepts such individual as a customer,
- Fill a W-8BEN form, and
- Fund their account with at least £1 during the Validity Period (13 April - 30 April 2022 at 23:59).
The cut-off time for entries into the Free Share Raffle is 5 May 2022 at 23:59.
The onboarding process is typically completed within a few minutes but it may in some instances take up to one week. Any manual onboarding, funding or referral link issues that delay qualification beyond this deadline will cause you to miss out on being entered into the Free Share Raffle so make sure you qualify as soon as possible and complete the onboarding process well ahead of time!
Please note that Freetrade reserves the right to refuse to onboard a new customer (including potential referred customers) for any reason whatsoever.
How many people can get a £500 free share bundle?
20 people are in for the chance of winning a Free Share Bundle. For the avoidance of doubt, only one bundle will be awarded per winning individual and winners shall be picked at random from entrants who meet the eligibility criteria.
If I refer a friend, will I still get a free share worth between £3 and £200?
Yes, you’ll still get your usual £3 - £200 referral free share under our regular Free Share Referral Programme which is governed by our Referral Programme Terms and Conditions here.
To refer a friend:
- Tap the free shares button on your portfolio screen and refer a friend between 13-30 April 2022 at 23:59. 🎟
- Your friend needs to pass through onboarding checks, fund their account and complete their W-8BEN form by 5 May 2022 at 23:59.
- You’ll both get a free share worth between £3 and £200 PLUS an entry into the draw. 💸
Can I get multiple entries?
You will automatically get one entry if you qualify as a newly funded customer (as defined above).
Plus, you can get an entry for every friend you refer up to a maximum of 10 entries. Make sure you use the Referral Link in your app to qualify. 🎟
How will I find out if I won?
The winners will be contacted on Friday 6 May 2022, via email and in-app message. They have 48 hours to respond and claim their prize. If the winning individual doesn’t reply by Monday at 15:00, we’ll do a redraw on Monday and reach out to the new winners.
We will request you share some kind of photo proof of receiving the prize for us to share with the Freetrade community on our social media channels.
When will the bundles be awarded?
We will aim to award the Free Share Bundles within 14 days of the Free Share Raffle.
I don’t like the bundle of free shares I received. Can I swap it?
We can’t offer swaps unfortunately, but you’re free to sell any shares you may have won.
Have questions? Email us at freeshare@freetrade.io.
Please note that neither receiving a Free Share Bundle through the Free Share Raffle nor any mentions of particular securities in our communications as part of it represents any recommendation by Freetrade to buy, sell, or hold any particular security.
Taxes
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 if you are unsure about any tax implications, seek advice from a tax professional. Tax rules for ISAs can change and their benefits depend on your circumstances.
Free Share Raffle Terms and Conditions
Validity of offer from (and including): 13 April 2022 to 30 April 2022 at 23:59 (“Validity Period”)
Last updated: 13 April 2022
- Freetrade’s (“Freetrade”, “we”, “us” or “our”) free share Friday 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 (“Free Share Raffle Terms and Conditions”). These terms are governed by English law.
- 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.
- 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.
- These Free Share Raffle Terms and Conditions are in addition to Freetrade’s Terms and Conditions and our Referral Terms & Conditions (each of 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, Freetrade’s Referral Terms & Conditions and Freetrade’s Terms and Conditions.
- 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.
- Subject always to conditions 7 to 9 (inclusive) and 17, to be eligible for Entry, the Participant must be a UK tax resident and either:
a) Become a newly funded customer of Freetrade (“Newly Funded Customer”) by performing the following actions:
1. Completing and passing all of our onboarding checks and Freetrade has accepted such individual as a customer;
2. Completing a W-8BEN form; and
3. Fund his or her Freetrade account with a cash amount of not less than £1 (GBP) (“Minimum Funding Amount”) for the first time during the Validity Period (13 April - 30 April 2022 at 23:59).
b) Become a referrer (“Referrer”) by referring an individual (who is a UK tax resident) using the referral link provided by Freetrade via the Freetrade app (the “Referral Link”) during the Validity Period, and such individual becomes a New Customer (as defined above) of ours by:
1. Successfully signing up to a Freetrade account using the Referral Link during the Validity Period (such event referred to as a “Referral”); and
2. Performing the actions outlined in condition 6(a)(i) to (iii) (inclusive) immediately above during the Validity Period.
For the avoidance of doubt, Referrals made by the Referrer pursuant to this condition 6(b) shall be subject to conditions 10 to 13 (inclusive) below.
- Failure by the Participant to perform the actions in condition 6 during the Validity Period shall result in the Participant being ineligible for Entry.
- Freetrade reserves the right to refuse, for any reason whatsoever and its sole discretion, to either: (a) onboard a Newly Funded Customer; or (b) 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 or the Referral Free Share Terms and Conditions).
- The Participant acknowledges that US nationals or dual US nationals residing in the UK are expressly excluded.
- A Referral to an existing or previous Freetrade customer will be ineligible to qualify for an Entry. The Referrer must be an existing customer of Freetrade at the time of making a Referral pursuant to condition 6(b).
- The Referrer acknowledges and agrees that 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) which may also be a criminal offence under applicable regulation and law.
- The Referrer further agrees that he or she is only permitted to make Referrals to family members and friends. We have complete discretion to assess that a Referral or sharing of a Referral Link is in breach of this condition 12. In the event that we deem a Referral to be in breach of this condition 12, neither the Referrer nor the Newly Funded Customer will be eligible for an Entry. In addition, if we deem a Referral or the sharing of a Referral Link to be in breach of this condition 12, we may also perform any or all of the actions outlined in condition 25 or 26.
- The Referrer must comply with: (i) the Referral Terms & Conditions; and (ii) 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 Sender’s participation in the Free Share Referral Programme and for no other purpose whatsoever.
- Under the Free Share Raffle, up to 20 successful individual Participants may each win the Free Share Bundle (as defined below). For the avoidance of doubt, a winning Participant shall only be entitled to one Free Share Bundle.
- Freetrade reserves the right to increase the Minimum Funding Amount at any time without prior notice.
- The Participant acknowledges that it will not be eligible for the Free Share Bundle if: (a) it is a Newly Funded Customer and has won a Free Share Bundle, he or she has closed its account before the Draw Date (as defined in condition 20); or (b) it is a Referrer, the Newly Funded Customer has closed its account before the Draw Date.
- Employees and contractors of Freetrade are not eligible to participate in the Free Share Raffle.
- Entry Participants who have 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 £500 (GBP) in the aggregate at the time of award.
- 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.
- 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 the Draw Date (as defined below) (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”).
- 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 freeshare@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.
- 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.
- For the avoidance of doubt, the Free Share Bundle will be awarded to successful Participants who are both eligible and have won such Free Share Bundle under the Free Share Raffle. The Participant must be a UK tax resident to be eligible for the Free Share Raffle.
- 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.
- 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.
- 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.
General Investment Account
