No referral link (as far as I can see) in the live app, was going to send it to my Mum!
Good point! Please do send me a direct message if you need your referral link in the meantime.
I know this is an old thread, but it would be nice if this gets implemented and maybe people we refer can get a higher position in the queue than they normally would when signing up by themselves (as far as I can remember the only incentive for referring was that we would get a higher position in the queue)
I have a friend who’s interested in trading too, so I’d love to be able to refer him and get him on-board sooner, although saying that he’s on Android so there’s no rush for this to be implemented
Depending on the CAC you guys have to play with, it’d be very cool to be able to give a free £5 of shares in your chosen company to a friend if they join the app.
‘Marty has sent you £5 of shares in Greggs! Join Freetrade to claim them now’.
I’m quite sure @Viktor is all over this idea already and saving it for further down the line when/if organic referrals dry up.
I like the idea of rewarding for referrals but not so sure of the viability to gift actual shares to someone else.
Probably easier to gift something like a few free instant trades (worth a £1 each), or at most, a week/month of Alpha?
I’m not sure if it’s Robinhood or M1finance but their referral program involves being given a free stock. It’s a completely random stock given to both individuals.
I feel that the messaging around free shares is a lot cleaner and more enticing to the average Joe, as opposed to having to explain the merits of Alpha or functionality of instant trades.
@PigeonStrangler Robinhood offer a free share to referrer and referee. Some referrers think it’s a good enough deal that they’ve turned their referral code into a website, and bought ads to point at it.
And M1 seem to do a “get $10 if your friend signs up and funds their account” thing.
@marty is right that a free stock is immediately understandable and possibly very CallToActiony…
Yes definitely free share(s) would be excellent - could be any share under £5 or something like that? Doesn’t really matter how it is done, and it is just cash behind the scenes, but it would feel nicer to the customer to choose a share and own it immediately, and illustrates the point of the app perfectly in a way which cash or free alpha for a month does not.
Is there currently any benefit to referring people via a link?
Referred a friend already (who promptly invested in the crowdfunding round too!) didn’t realise there was any kind of referral scheme.