EXPIRED - Grab A Bonus £15+ FreeTrade Share With Their ISA Offer

FreeTrade have a limited offer running where you can earn a free share worth at least £15 when you open or transfer in a Stocks and Shares ISA. If you’re a new FreeTrade customer (ie. you don’t have a general account with them either) you can combine this with their introductory referral offer to earn 2 free shares.

Here are all the details. 

Contents

• How To Get 2 Free FreeTrade Shares
• How The £15+ Free Share Offer Works
• Opening An ISA To Get The Share
• Transferring An ISA To Get The Share
• When Will You Get The Free Share?
• What Free Share Will You Get?

How To Get 2 Free Shares From FreeTrade

If you’re a new FreeTrade customer, you can sign up to a free General Investment Account (GIA) with my referral link to earn a free share (worth between £3-£200) before you complete this ISA offer to earn another £15+ Free Share. 

A FreeTrade GIA is free, so the £3-£200 free share offer is free (check out my complete guide to the FreeTrade Referral Offer). A FreeTrade ISA, on the other hand, costs £3 per month. This means you’ll only want to take advantage of the ISA offer if you want to open a FreeTrade ISA anyway. 

How The £15+ Free Share Offer Works

The £15 Free Share offer runs until the 30th of September 2020 (at 23:59) so it’s very time-limited.

To get the £15+ free share, you’ll need to open a FreeTrade ISA or transfer in a Stocks and Shares ISA from another provider (details for both below). 

The benefit of an ISA is that you don’t pay capital gains tax (CGT) or taxes on income (like dividend taxes). You can only open one Stocks and Shares ISA per tax year. 

Check out FreeTrade’s full list of stocks.

Opening an ISA To Get The £15+ Free Share

1. Enter your email address on the ISA Offer promotion page 

2. Open an ISA and fund it with a minimum of £100 by Sep 30th

3. Add a payment method to pay the £3/month ISA fee

4. Keep the ISA open and funded until the 6th of April 2021 (If you close your account before this date, you’ll forfeit the free share or the amount equal to the share at the time of award)

Transferring An ISA To Get The Free Share

1. Enter your email address on the ISA Offer promotion page

2. Submit your ISA transfer request form by Sep 30th - FreeTrade don’t charge an ISA transfer fee but your existing provider might so check to see if they have any ISA transfer/exit fees. 

3. As long as you submit the request form to FreeTrade by Sep 30th, you’ll be eligible for the share (even if the transfer isn’t complete)

4. Transfer in at least £100 worth of cash or investments 

5. Add a payment method to pay the £3/month ISA fee

6. Once your transfer is complete, keep the ISA open and funded until the 6th of April 2021 (If you close your account before this date, you’ll forfeit the free share or the amount equal to the share at the time of award)

Forfeit free share or amount equal to the value of the free share at the award time, deducted from your account.

When Will You Get The Free Share?

Once your ISA is open, your free share will be awarded to your General Investment Account (GIA) within 14 days. 

FreeTrade add the free share to your GIA, not your ISA, because they aren’t allowed to due to tax reasons. 

What Free Share Will You Get?

Your free share will be worth at least £15 at the award time. 

FreeTrade have given the examples of Dropbox (DBX) and Burberry (BRBY) because their shares were worth just over £15 when they created the offer but you may get a different share depending on what share values are at the time of your award. 

To be eligible for a free US share (instead of UK only), you need to make sure you’ve completed your W-8BEN form (which basically just lets FreeTrade know you don’t pay tax in the USA). 

ISA costs £3 per month with no commissions for trading. See FreeTrade’s full stock list

You can open one Stocks and Shares ISA per tax year (April 2020 - April 2021). Capital Gains and Income in Stocks and Shares ISAs are tax free. 

Have you taken advantage of the FreeTrade Offer? What are your thoughts on FreeTrade in general? Comment below, ask on Twitter @AndrewYBlogs or Instagram @capitalmattersblog