The best free share referral offers, all tested and updated throughout September 2021.
A number of investment platforms in the UK are currently offering free share referrals. Similar to bank switching bonuses, these referral incentives are designed to attract new customers. In this guide, I’ll go through all the current free share referral programmes available in the UK for you to take advantage of.
I’ll also talk about my experience with each one.
UK Free Share Referral Links
You can delve into all of the free share referral details below this list. But if you’re just looking for referral links, you can use all of the buttons below.
Invest in 6,000+ US stocks and ETFs on Stake. Join today using my referral code andrewy556 and we can both get a free stock!
Freetrade Free Share
Freetrade is an FCA-regulated app-based investment platform available to UK which launched in 2018. Sign up for a free FreeTrade account with my referral link, complete the W-8BEN form (to let FreeTrade know you don’t pay tax in the US) and deposit £1 to get a free share valued between £3-£200.
The share you’ll get will be randomly selected UK or US share, ETFs (Exchange Traded Funds) or Trust. It’s all based on a lottery system and the more expensive the share, the rarer it will be.
When Will You Get Your Free FreeTrade Share?
Once the sign up process is complete (see above), you’ll get your share within 7-10 days. FreeTrade give out their free shares each Wednesday on their ‘Free Share Reveal Day’.
If you’re due to get a free share, you’ll see this under ‘Queued orders’ in the ‘Portfolio’ screen on the app.
How Do You Sell Your Free FreeTrade Share And Withdraw The Proceeds?
If you want to sell your free share for effectively free cash, there are a few extra rules. You can sell the share as soon as you get it but you can’t withdraw the proceeds for 30 days from the date the share was given to you.
In other words, you can sell it as soon as you like but you’ll just have to wait 30 days to withdraw your money. If you sell the share 30 days or more from the date you get it, you can withdraw the money as soon as the sale is complete.
Earn Additional FreeTrade Free Shares With Your Own Referral Link
Once you’ve received your free share, you’ll receive your own refer-a-friend link which you can use to refer others.When they sign up using your referral code, you’ll both get a free share.
Freetrade can’t legally give out tax advice but when you sell the share, the whole value of it might be subject to capital gains tax (CGT). This is because the entire value may be classed as a gain since you received the share for free.
Bear in mind that there is a CGT allowance but if it’s something you’re worried about, it might be worth bringing it up with a tax adviser.
If you sign up to get a referral share, let me know what you get in the comments below.
Stake Free Share
Stake allows UK investors to invest in US stocks commission-free. Sign up to Stake with my referral (or use code andrewy556) and deposit £50 within 24 hours to get a free Nike, DropBox or GoPro Stock. Be aware, you’ll need to use the Express deposit service at an extra charge and FX fees are involved so only take advantage of this offer if you’re likely to profit.
Once your deposit is complete, you’ll get to spin the free share wheel to work out which of the 3 stocks you’ll get.
When Will You Get Your Free Stake Share?
How To Sell Your Free Stake Share And Withdraw The Proceeds
You can sell your free share as soon as you’ve got it and there aren’t any trading fees involved. Once sold, you can withdraw the proceeds (including your initial deposit if you wish). Withdrawals, like deposits, charge FX fees but this time, you can opt for the slower, non-Express withdrawal.
Earn Additional Free Stake Shares With Your Own Referral Link
Trading 212 Free Share
How To Get Your Free Trading 212 Share
Using a Trading 212 referral link, download the Trading 212 app.
Open a Trading 212 Invest or ISA account - The Invest account is free. That’s the option I chose.
Complete the W8-BEN form (to declare you don’t pay tax in the US)
Top up your account once it’s been approved - Similar to Freetrade, you only need to deposit £1 into the account
When Will You Get Your Free Trading 212 Share?
You’ll get your free share quicker than with Freetrade (as of early 2020). Within 3 business days of topping up your account. I received my free share within 24 hours.
How Do You Sell Your Free Trading 212 Share And Withdraw The Proceeds?
You’ll have to wait 3 days before you can sell your free Trading 212 share. You can then sell it on the next business day.
You can withdraw the proceeds of the sale 30 days after you received the free share (similar to Freetrade’s policy). To sell your free Trading 212 share:
In the portfolio tab, tap on your share
Tap ‘Sell’ and adjust the slider. Trading 212 allows fractional share sales (not just whole numbers).
Tap ‘Review Order’ and then ‘Send Sell Order’ when you’re happy
To withdraw the proceeds, go to the menu and then tap ‘Manage Funds’
Tap ‘Withdraw Funds’ and then confirm your Trading 212 password
Adjust the slider until you’re happy and then tap ‘Confirm Request’
Earn Additional Free Trading 212 Shares With Your Own Referral Link
Once your Trading 212 account is up and running, you can start earning free referral shares too. Go to the ‘Portfolio’ section of the app and tap on ‘Get Free Shares’. You’ll be shown a link with unlimited uses.
Your link can be used an unlimited number of times. However, there is a limit to the number of free shares you can receive. You can only receive 20 free referral shares.
Others can still use your link to receive their own free shares when they sign up. But once you’ve received 20 free shares, you’ll stop earning them.
If you sign up to get a referral share from Trading 212, let me know what you get in the comments below.
Orca Free Share
How To Get Your Free Orca Share
Download the Orca app with this Orca referral link
Open an Orca account (which is free)
Deposit money (free)
Buy 3 different assets (£1 flat fee per trade)
When Will You Get Your Free Orca Share?
You’ll get your free share within 3 business days of your deposit.
How Do You Sell Your Free Orca Share And Withdraw The Proceeds?
You can sell your free share 30 days after your receive it. Once sold, you can withdraw the proceeds immediately.
Selling And Withdrawal Process
In the portfolio tab, tap on ‘Orca Account’
Scroll down to ‘All Assets’ and tap on your free share
Tap ‘Sell’ and enter ‘1’ to sell your 1 share
Tap ‘Review Sell Order’ to review and confirm
To withdraw, go back to the main portfolio tab and tap ‘Withdraw’
Earn Additional Free Orca Shares With Your Own Referral Link
Once your Orca account is active, you’ll see a box on the home page called ‘Invite Your Friends’. Tap on that to get your referral link. There are no limits to how many you can refer.
Getbux Free Share
Unlike Freetrade and Trading 212, Getbux, another commission-free stock trading app hasn’t launched in the UK yet. Sign up to Getbux with my referral link, download the Getbux app on launch and fund your account with at least €1. Perform 3 trades and you’ll get a free share valued up to £100. For 1st account holders only.
How The Getbux Free Shares Are Allocated
The allocation of Getbux shares is more complex than with Freetrade or Trading 212. The 100,000 free shares are allocated to different users depending on their circumstances:
The 1st 40,000 iOS (Apple) users that sign up and fund their accounts will receive a free share.
The 1st 40,000 android users that sign up and fund their accounts will receive a free share.
10,000 shares are allocated to iOS users that have referred friends (who have also funded their accounts)
10,000 shares are allocated to android users that have referred friends (who have also funded their accounts)
The more friends you invite, the higher your ranking, the more likely you are to receive more shares. There is a maximum of 5 shares per account.
You’ll receive an entitlement share first (within 15 days of account funding) and once you’ve fulfilled the criteria above (performed 3 open and/or closing trades on the app), your entitlement share will be converted to an actual share after 10 days.
To me, this whole process seems a tad over-complicated and when you read into it, it becomes more of a disincentive than an incentive due to its complexity. But, it’s there if you want to take advantage of it.
Follow this page for updates on all of the free share referral codes available across the UK.