Refer a friend, get a bonus ETF - March 2023

FAQs

‍How does this promotion work?

Refer a friend between 27 March and 2 April 2023 and, in addition to the usual £10 to £100 free share, you’ll both get a bonus exchange-traded fund (ETF) each. 🎁

How it works

1. Your friend signs up to Freetrade using your Referral Link between 27 March and 2 April 2023, and 
2. They complete and pass our customer on-boarding checks, fill a W-8BEN form and fund their account with at least £50 (net) by 7 April 2023 at 23:59.
3. Your free share will appear as pending in your account as soon as your friend opens their Freetrade account. It will be awarded usually within 7-10 days of them qualifying.
4. Your bonus ETF will appear as pending in your account 7-10 days after your friend qualifies. It will be awarded usually within 7-10 days from when it appears as pending.

Important

• To be eligible for a free share as a Referrer, you must have funded your Freetrade account with at least £50 (net).
• If your friend withdraws from their account and falls below the £50 net funding amount before the free share is awarded, the referral will be deemed unsuccessful and you won’t qualify for either the £10-100 free share, or the bonus ETF.
• Net funding is calculated as deposits minus withdrawals.
• Any cash proceeds received from the sale of the Free Shares can only be withdrawn 180 calendar days from the date the Free Share is awarded.

How do I refer a friend?

1. Go to the Portfolio screen in your app.
2. Tap on the Free shares button in the top right corner. 🎟
3. Send a free share (and bonus ETF!) to a friend.

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. 

What free share and ETF will I receive?

Free share

Successful referrals will be rewarded with the usual £10 to £100 free share. Free shares are randomly selected from a list of interesting US and UK companies, ETFs, and investment trusts.

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

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‍Bonus ETF

The bonus ETF will be an iShares or Vanguard ETF worth between £3 and £10.

I can’t see my second free share!

Once you make the referral, you and your friend will each see one free share pending in your account. This is the £10 to £100 free share and is usually awarded within 7-10 days of your referral qualifying.

The bonus ETF will appear as pending in your account usually within 7-10 days after your referral qualifies, and will then be awarded approximately 7-10 days later. 🥳

How many friends can I refer?

You can refer up to 10 friends under this offer.

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. ‍

‍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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Terms and Conditions

Free share and bonus ETF Terms and Conditions (March 2023)

Validity of offer (from and including):‍

27 March 2023 at 00:01 to 2 April 2023 at 23:59

Introduction

1. Freetrade’s (“Freetrade”, “we”, “us” or “our”) free share and ETF referral campaign (“Free Share and ETF Referral Campaign”) is offered subject to these Free Share and ETF Referral Terms & Conditions (“Referral Terms & Conditions”). By taking any actions under the Free Share and ETF Referral Campaign, you (the Sender or Recipient as defined below) agree to be bound by these Referral Terms & Conditions. These Referral Terms & Conditions are governed by English law.

2. Under the Free Share and ETF Referral Campaign a free share (a “Free Share”) and an exchange-traded fund (an “ETF”) will be awarded to the Sender and the Recipient (both as defined below) who have successfully completed a Referral (as defined below) in accordance with our Referral Terms & Conditions. In these Referral Terms & Conditions, the award of the Free Share and the ETF will collectively be referred to as the “Free Share Award”.

3. The Free Share and ETF Referral Campaign will automatically end on 2 April 2023 at 23:59, unless we extend or shorten that period at our full discretion. We reserve the right, at our sole discretion, to update these Referral Terms & Conditions at any time. If we make an update, we will post the updated version of the Referral Terms & Conditions on our website here and provide you notice of the update. Continued participation in the Free Share and ETF Referral Campaignafter any update shall mean that you have agreed to the update(s) made by Freetrade.

4. The Referral Terms & Conditions are in addition to Freetrade’s Terms and Conditions (as may be updated from time to time) which can be found here (as long as this is not to your detriment). In the event of any conflict between the Referral Terms & Conditions and Freetrade's Terms and Conditions, these Referral Terms & Conditions apply.

5. Freetrade may end these Referral Terms & Conditions at any time by giving you written notice.

Sender's Terms

6. This section of the Referral Terms & Conditions apply to existing customers (the “Sender”)who refer Recipients (as defined below) to receive a Free Share Award. We will consider that a Sender has referred a Recipient to us if: (a) it sends the referral link provided by us (“Referral Link”) via the Freetrade app to the Recipient; and (b) the Recipient uses the Referral Link to successfully sign up to a Freetrade account (a “Referral”).

7. A Referral to an existing or previous Freetrade customer will be ineligible for a Free Share Award. The Sender must be an existing customer of Freetrade at the time of making a Referral.

8. 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.

9. A Sender 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 9. In the event that we deem a Referral to be in breach of this condition 9, neither the Sender nor the Recipient will be eligible for a Free Share Award. In addition, if we deem a Referral or the sharing of a Referral Link to be in breach of this condition 9, we may also perform any or all of the actions outlined in condition 25 or 27.

10. A Sender can receive no more than ten (10) Free Shares and ten (10) ETFs per calendar month under this Free Share and ETF Referral Campaign. Neither the Sender nor the Recipient will be eligible for a Free Share or an ETF in respect of Referrals made in excess of these maximum Free Share and ETF amounts. Referrals that qualify for a Free Share Award cannot be "carried over" into subsequent months. Referrals are attributed to the month in which the Recipient provides Freetrade with their email address after clicking on the Referral Link.

Where the Sender has already received free shares under any of Freetrade’s other referral free share campaigns during a calendar month, those free shares shall count towards the maximum Free Share amount above. Only ETFs awarded under Free Share and ETF Referral Campaign during a calendar month shall count towards the maximum ETF amounts above.

11. The Sender 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 and ETF Referral Campaign and for no other purpose whatsoever.

12. Subject always to conditions 6, 7, 8, 9, 10, 11, 14 and 15, we will only award a Free Share Award to the Sender if they have: (i) met the below eligibility criteria and (ii) the Recipient has met the eligibility criteria set out in condition 31:

(a) Passed all of our onboarding checks;
(b) Completed a W-8BEN form; and
(c) Have a net cash amount of not less than £50 (GBP) in their Freetrade account(s) in aggregate (“Sender Minimum Funding Amount”) at the time of the Free Share Award.

13. Freetrade reserves the right to increase the Sender Minimum Funding Amount at any time without prior notice.

14. The Sender must: (i) fund his or her Freetrade account in accordance with condition 12; and (ii) be a UK tax resident (as further described in condition 24).

15. Using the Referral Link, the Recipient must fund his or her Freetrade account with the Recipient Minimum Funding Amount (as defined below) by 7 April 2023 at 23:59. The Sender acknowledges that the failure by the Recipient to fund his or her Freetrade account within the foregoing timeframe will result in the Free Share Award to lapse for both the Sender and the Recipient.

16. If the Recipient closes their account or makes a withdrawal or transfer that causes their account to fall below the Minimum Funding Amount before the Free Share Award is awarded by Freetrade, neither the Sender nor the Recipient will be eligible for a Free Share Award pursuant to these Referral Terms & Conditions.

17. At the time of the Free Share Award and under these Referral Terms & Conditions: (i) each Free Share will be valued between £10 (GBP) and £100 (GBP); and (ii) each ETF will valued between £3 (GBP) and £10 (GBP).

18. Subject to the eligibility of the Sender and the Recipient and the requirements outlined under these Referral Terms & Conditions being met by each of the foregoing, each Free Share and each ETF is a financial instrument which is selected randomly by Freetrade from a pool of instruments we select for our Free Share and ETF Referral Campaign. The Sender acknowledges that:

(a) The probability of each Free Share and each ETF is weighted so more expensive shares and ETFs will be rarer;
(b) The approximate distribution of the value of Free Shares is available here (see section entitled ‘What kind of free share can I get?’ in the Free Share FAQs); and
(c) The value of a Free Share and an ETF means its approximate market value based on the price of the financial instrument at the time of award. The Sender acknowledges that the value of a Free Share and an ETF may fluctuate, meaning its price may go up or down.

19. We will aim to give each Free Share Award to the Sender within twenty-eight (28) business days of a successful Referral and the eligibility criteria set out in these these Referral Terms & Conditions being satisfied by both the Sender and the Recipient (“Sender Award Timeframe”). The Sender acknowledges that Freetrade makes no guarantees whatsoever that each Free Share Award will be given in the Sender Award Timeframe. If the Free Share Award has not been given within the Sender Award Timeframe, the Sender must email freeshare@freetrade.io. For the avoidance of doubt, under no circumstances shall the Sender be entitled to any form of compensation for our failure to give the Free Share Award within the Sender Award Timeframe.

20. The Sender acknowledges that any cash proceeds received by it in connection with its sale of the Free Share and/or the ETF can only be withdrawn after one hundred and eighty (180) calendar days from the date of the Free Share Award.

21. The Sender acknowledges that employees and contractors of Freetrade are not eligible for a Free Share Award in connection with our Free Share and ETF Referral Campaign.

22. Neither receiving a Free Share Award nor any of our communications in connection with the Free Share and ETF Referral 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.

23. The Sender acknowledges that it may be subject to tax implications upon receiving a Free Share Award. Under no circumstances shall Freetrade be held liable or responsible for any such tax implications.

24. For the avoidance of doubt, a Free Share Award will be given to Sender(s) who are eligible and accepted as a customer by Freetrade. Senders must be UK tax residents to be eligible. Senders who are US nationals or dual US nationals who reside in the UK are expressly excluded.

25. We reserve the right to modify, pause, suspend or end: (i) the Free Share and ETF Referral Campaign, in whole or in part; and (ii) both the Sender and the Recipient’s ability to either participate in the Free Share and ETF Referral Campaign, at any time without cause, including for any suspected activity we deem to be abusive, fraudulent, or in violation of these Referral Terms & Conditions.

26. In the event that you do not agree with a decision that we make regarding your participation in the Free Share and ETF Referral Campaign under condition 25, you can make a complaint to our Customer Service team at freeshare@freetrade.io, where your complaint will be handled in accordance with our complaints order handling procedure.

27. In the event that we deem a Referral to be in material breach of these Referral Terms & Conditions, neither the Sender nor the Recipient will be eligible for a Free Share Award. If we determine a material breach of these Referral Terms & Conditions, we may clawback, sell or cancel or take any other action as permitted under applicable law in respect of any Free Share Awards or proceeds from Free Share Awards in the Sender's or Recipient's account that relates to such breach.

Recipient's Terms

28. This section of the Referral Terms & Conditions apply to the new customer (the “Recipient”) who has used a Referral Link to sign up as a Freetrade customer.

29. In accordance with and subject to these Referral Terms & Conditions, we will award a Free Share Award to the Recipient in the event that a Recipient uses a Referral Link to sign up as a customer of Freetrade.

30. The Recipient must comply with: (i) the Referral Terms & Conditions; and (ii) the terms and policies of any website or application where a Referral Link is posted. Referral Links may only be used in connection with the Recipient’s participation in the Free Share and ETF Referral Campaign and for no other purpose whatsoever.

31. Subject always to conditions 6, 7, 8, 9, 10, 11, 12, 15, 16, 33 and 35, we will only make a. Free Share Award to the Recipient if the Recipient has successfully:

(a) Used the Referral Link (as defined above) to become a customer of Freetrade;
(b) Passed all of our onboarding checks;
(c) Completed a W-8BEN form; and
(d) Opened and funded their Freetrade account(s) in aggregate with a net cash amount of not less than £50 (GBP) (“Recipient Minimum Funding Amount”) by 7 April 2023 at 23:59.

32. Freetrade reserves the right to increase the Recipient Minimum Funding Amount at any time without prior notice.

33. A Free Share Award cannot be claimed by an existing or previous Freetrade customer under these Referral Terms & Conditions.

34. The Sender must be an existing customer of Freetrade and meet the eligibility criteria outlined in condition 12 at the time of making a Referral in order for the Recipient to be eligible for a Free Share Award under the Free Share and ETF Referral Campaign.

35. The Recipient must: (i) fund his or her Freetrade account in accordance with condition 31; and (ii) be a UK tax resident (as further described in condition 43).

36. Using the Referral Link, the Recipient must fund his or her Freetrade account with the Recipient Minimum Funding Amount by 7 April 2023 at 23:59. The Recipient acknowledges that failure to do so within the foregoing timeframe will result in the Free Share Award to lapse for both the Recipient and Sender.

37. If the Recipient closes their account or makes a withdrawal or transfer that causes their account to fall below the Minimum Funding Amount before the Free Share Award is given by Freetrade, neither the Sender nor Recipient will be eligible for a Free Share Award pursuant to these Referral Terms & Conditions.

38. At the time of the Free Share Award and under these Referral Terms & Conditions: (i) each Free Share will be valued between £10 (GBP) and £100 (GBP); and (ii) each ETF will valued between £3 (GBP) and £10 (GBP).

39. Subject to the eligibility of the Sender and the Recipient and the requirements outlined under these Referral Terms & Conditions being met by each of the foregoing, each Free Share and each ETF is a financial instrument which is selected randomly by Freetrade from a pool of instruments we select for our Free Share Referral Campaign. The Recipient acknowledges that:

(a) The probability of each Free Share and each ETF is weighted so more expensive shares and ETFs will be rarer;
(b) The approximate distribution of the value of Free Shares is available here (see section entitled ‘What kind of free share can I get?’ in the Free Share FAQs); and
(c) The value of a Free Share and an ETF means its approximate market value based on the price of the financial instrument at the time of the Free Share Award. The Recipient acknowledges that the value of a Free Share and an ETF may fluctuate, meaning its price may go up or down.

40. We will aim to give the Free Share Award to the Recipient within twenty-eight (28) business days of successfully signing up as a customer of Freetrade using the Referral Link and the eligibility criteria set out in these Referral Terms & Conditions being satisfied by both the Sender and the Recipient (“Recipient Award Timeframe”). The Recipient acknowledges that Freetrade makes no guarantees whatsoever that the Free Share Award will be given in the Recipient Award Timeframe. If the Free Share Award has not been given within the Recipient Award Timeframe, the Recipient must email freeshare@freetrade.io. For the avoidance of doubt, under no circumstances shall the Recipient be entitled to any form of compensation for our failure to give the Free Share Award within the Recipient Award Timeframe.‍

41. The Recipient acknowledges that any cash proceeds received by it in connection with its sale of the Free Share and/or the ETF can only be withdrawn after one hundred and eighty (180) calendar days from the award date of the Free Share and/or the ETF.‍

42. The Recipient acknowledges that employees and contractors of Freetrade are not eligible to be awarded a Free Share Award in connection with our Free Share and ETF Referral Campaign.‍

43. For the avoidance of doubt, a Free Share Award will be awarded to Recipient(s) who are eligible and accepted as a customer by Freetrade. Recipients must be UK tax residents to be eligible. Recipients who are US nationals or dual US nationals who reside in the UK are expressly excluded. We reserve the right to refuse to onboard prospective Recipients who fail to meet the eligibility criteria outlined in these Referral Terms & Conditions at any given time.‍

44. Neither receiving a Free Share Award nor any of our communications in connection with the Free Share and ETF Referral 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.‍

45. The Recipient acknowledges that it may be subject to tax implications upon receiving a Free Share Award. Under no circumstances shall Freetrade be held liable or responsible for any such tax implications.

46. We reserve the right to modify, pause, suspend or end: (i) the Free Share and ETF Referral Campaign, in whole or in part; and (ii) both the Sender and the Recipient’s ability to either participate in the Free Share and ETF Referral Campaign, at any time without cause, including for any suspected activity we deem to be abusive, fraudulent, or in violation of these Referral Terms & Conditions.

47. In the event that we deem a Referral to be in material breach of these Referral Terms & Conditions, neither the Sender nor the Recipient will be eligible for a Free Share Award. If we determine a breach of these Referral Terms & Conditions, we may clawback, sell or cancel or take any other action as permitted under applicable law in respect of any Free Shares or ETFs or proceeds from Free Shares or ETFs in the Sender's or Recipient's account that relates to such breach.