February 2024
Refer a friend between 12 February and 18 February 2024 and, in addition to the usual £10 to £100 free share, you’ll both get a bonus share from our Valentine’s collection. 💘
How it works
Important
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 Valentine’s share 💘
The bonus Valentine’s share will be chosen at random from our Valentine’s collection and worth between £5 and £10.
Check your friend has met the qualifying conditions:
✅They used your referral link to open their Freetrade account
✅They filled a W-8BEN form
✅They topped up with at least £50 (and haven’t withdrawn it)
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 that is automatically applied when you make a referral. Generally, it will be awarded 7-10 days after your referral has met all the qualifying conditions.
The bonus share will appear as pending in your account 7-10 days after you get your first free share. Once it appears as pending, a bonus free share is usually awarded 7-10 days later. 🥳
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.
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.
Validity Period :
12 February 2024 to 18 February 2024
Introduction
1. Freetrade Limited’s (“Freetrade”, “we”, “us” or “our”) Valentine’s Bonus Free Share Referral Campaign (“Valentine’s Bonus Free Share Referral Campaign”) is offered subject to these Valentine’s Bonus Free Share Referral Terms & Conditions (“Valentine’s Bonus Free Share Referral Terms & Conditions”). By taking any actions under the Valentine’s Bonus Free Share Referral Campaign, you agree to be bound by these Valentine’s Bonus Free Share Referral Terms & Conditions. These Valentine’s Bonus Free Share Referral Terms & Conditions are governed by English law.
2. Under the Valentine’s Bonus Free Share Referral Campaign, a free share (a “Free Share”) and a bonus share from our Valentine’s collection (a “Bonus Share”) will be awarded to a relevant Sender and Recipient who have together successfully completed a Valid Referral in accordance with these Valentine’s Bonus Free Share Referral Terms & Conditions. In these Valentine’s Bonus Free Share Referral Terms & Conditions, the award of the Free Share and the Bonus Share is referred to as the (“Award”).
3. The Valentine’s Bonus Free Share Referral Campaign will be valid for the Validity Period unless we extend that period. We may withdraw or amend these Valentine’s Bonus Free Share Referral 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 opened will be subject to Freetrade’s Terms and Conditions which can be found here.
Making a Valid Referral
5. A “Valid Referral” occurs when all of the steps in (a)-(c) below have been completed:
(a) the Sender sends the referral link provided by us (“Referral Link”) via the Freetrade app to a Recipient;
(b) the Recipient uses the Referral Link to successfully sign up to a Freetrade account; and
(c) the Recipient provides us with the Sender’s email address when prompted to do so.
6. A referral which has met the criteria at 6(a)-(c) above ceases to be a Valid Referral if the Sender or the Recipient stops meeting any of their eligibility criteria set out at section 9 or section 11 below before the date of the Award.
7. 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). You must comply with 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 Valentine’s Bonus Free Share Referral Campaign and for no other purpose whatsoever.
How a Sender qualifies for an Award
8. In order to qualify for an Award, a person making a referral (a “Sender”) must:
(a) meet the eligibility criteria in section 9; and
(b) have made a Valid Referral to a Recipient who meets the eligibility criteria in section 11.
9. The Sender’s eligibility criteria are that they:
(a) are an existing customer of Freetrade;
(b) have passed all of our onboarding checks;
(c) are a UK tax resident;
(d) have completed a W-8BEN form;
(e) from no later than 25 February 2024 at 23:59, have a tradable value of not less than £50 in their Freetrade account(s) in aggregate and they have not thereafter made a transfer or withdrawal that causes the tradable value to fall below £50 before the date of the Award; and
(f) have received no more than nine (9) free shares and/or nine (9) free shares in the calendar month in which the Recipient completes the Valid Referral steps at section 5(b) and (c), including awards under any other Freetrade campaign.
How a Recipient qualifies for an Award
10. In order to qualify for an Award, a person receiving a referral (a “Recipient”) must:
(a) meet the eligibility criteria in section 11; and
(b) have received and completed a Valid Referral from a Sender who meets the eligibility criteria in section 9.
11. The Recipient’s eligibility criteria are that they:
(a) are a family member or a friend of the Sender;
(b) are not an existing or previous customer at the time they receive the Referral Link;
(c) have used the Referral Link to become a customer of Freetrade and have opened a Freetrade Account;
(d) have passed all of our onboarding checks;
(e) are a UK tax resident;
(f) have completed a W-8BEN form; and
(g) have a tradable value of not less than £50 in their Freetrade account(s) in aggregate from no later than 25 February 2024 at 23:59 and thereafter they have not made a transfer or withdrawal that causes the tradable value to fall below £50 before the date of the Award.
Value of the Award
12. At the time of the Award under these Valentine’s Bonus Free Share Referral Terms & Conditions, each Free Share will have a value of between £10 (GBP) and £100 (GBP) and each Bonus Share will have a value of between £5 (GBP) and £10 (GBP).
13. The value of a Free Share or a Bonus Share means its approximate market value based on the price of the financial instrument at the time of the Award. The Sender acknowledges that the value of a Free Share and a Bonus Share may go up or down over time.
14. Each Free Share and each Bonus Share is a financial instrument which is picked randomly by us from a pool of instruments we select for our Valentine’s Bonus Free Share Referral Campaign. The selection is made such that:
(a) the probability of each Free Share and each Bonus Share is weighted so more expensive shares will be rarer; and
(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).
Making the Award
15. We will use our best endeavours to award the Free Share seven to ten (7 to 10) days after the Recipient and Sender first qualify for an award under section 8, 9, 10, 11 provided that the relevant Recipient and Sender still meet the criteria in section 8, 9,10, 11 on the date of the Award. After seven to ten (7 to 10) days from being awarded the Free Share, the Bonus Share will be awarded to the Recipient and Sender. If the Award has not been made within this timeframe, you should email freeshare@freetrade.io.
16. Employees and contractors of Freetrade may make a referral in accordance with these Valentine’s Bonus Free Share Referral Terms and Conditions, but they will not be eligible for a Free Share Award in connection with our Valentine’s Bonus Free Share Referral Campaign.
17. We may refuse to make an Award if we reasonably consider that the Sender and/or the Recipient have engaged in activity we deem to be abusive, fraudulent, or in violation of these Valentine’s Bonus Free Share Referral Terms & Conditions.
18. If a Seller or a Recipient seeks to transfer out the Free Share or Bonus Share or any cash proceeds received as a result of the sale of the Free Share and/or the Bonus Share within one hundred and eighty (180) calendar days from the date of the Award then we may clawback, sell or cancel any relevant Free Share and/or Bonus Share awarded to that person or sell any other shares held by us for that person and/or deduct cash from their Freetrade account of an equivalent value to the Free Share/Bonus Share, as permitted under applicable law.
Tax implications
19. 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
20. Neither the making of an Award nor any of our communications in connection with the Valentine’s Bonus Free Share 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.
Complaints
21. If you have a complaint in respect of the Valentine’s Bonus Free Share Referral 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.
