Do you like the idea of free stocks and shares? Well, with the Freetrade ‘free share’ referral bonus, you can snap up a totally free asset without much effort. We’re going to explain how the Freetrade ‘refer a friend’ process works – and give you a referral link to use to kickstart your own investment portfolio.
Freetrade is using this free share promotion to boost its customer base by getting existing app users to recommend the platform. Both the person sending the referral link and the new user receiving the link from a friend will both receive the Freetrade free share bonus.
Simply open a Freetrade account using this Freetrade referral link and you’ll get a free share once you meet the qualifying criteria explained below.
How can I get a free share on Freetrade?
Here’s a straightforward step-by-step guide explaining how this referral bonus works:
- Use the link: Click on this Freetrade refer a friend referral link to ensure you get the bonus, and then click ‘get the app’ to head to the App Store or Google Play to download Freetrade.
- Sign up and open an account: Freetrade offers a few different plans, but if you select ‘basic’, it’s totally free. It costs you nothing to open and hold a general investment (GIA) stock trading account.
- Fund your account: You’ll need to deposit at least £50 into your account in the first 30 days. You don’t need to invest this £50, it just has to be showing in your funding balance.
- Get your free share: your Freetrade free share will be revealed and dropped into your account within 7-10 days.
- Refer a friend: Once set up, you’ll have your own referral link that you can use to refer friends, repeating this same process so that you’ll both get more free shares!
How long does it take?
Once you’ve followed all the steps, you’ll get your free share from Freetrade within 7-10 days. If it takes any longer than this, you can contact them at [email protected] to find out what’s going on.
How long do I have to wait before I can cash out my Freetrade free share?
You need to wait 180 calendar days from the bonus award date before you can withdraw any cash proceeds from the sale of your Free Share.
How often can I use my Freetrade ‘refer a friend’ referral link?
As many times as you like! You can receive an unlimited amount of referral bonuses. But, the total number of free shares you’re able to get each calendar month is capped at 10. Any referrals over this amount won’t be carried into the next month. So, make sure your friends form an orderly queue.
When will the Freetrade bonus referral scheme end?
It’s an ongoing promotion, so there’s no fixed end date. However, Freetrade has occasionally changed and tweaked the free share referral scheme. The rules can be adjusted at any time, so it’s worth jumping on board while this is still available.
Bottom line
The Freetrade free share bonus is a great way to get introduced to the stock trading app. It doesn’t cost you anything to open an account and there are no inactivity fees or hidden costs.
There are no rules with this referral bonus that you even have to make any trades or investments to qualify. But, if you do decide to buy or sell some shares, there are no brokerage fees or commissions (just an FX conversion fee for foreign investments), which makes it a useful way to dip your toes into the stock market.
Hopefully this answers all your questions about the Freetrade free share bonus. Make sure you use our referral link to qualify. And, once you’re set up, send out your own unique refer a friend link to start racking up even more free shares!
