Enable users with activated accounts to refer others

Ideas šŸ’”
1

No referral link (as far as I can see) in the live app, was going to send it to my Mum!

2

Good point! Please do send me a direct message if you need your referral link in the meantime.

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3

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 whoā€™s interested in trading too, so Iā€™d love to be able to refer him and get him on-board sooner, although saying that heā€™s on Android so thereā€™s no rush for this to be implemented :wink:

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4

Depending on the CAC you guys have to play with, itā€™d be very cool to be able to give a free Ā£5 of shares in your chosen company to a friend if they join the app.

ā€˜Marty has sent you Ā£5 of shares in Greggs! Join Freetrade to claim them nowā€™.

Iā€™m quite sure @Viktor is all over this idea already and saving it for further down the line when/if organic referrals dry up.

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5

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 Ā£1 each), or at most, a week/month of Alpha?

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7

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.

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8

@PigeonStrangler Robinhood offer a free share to referrer and referee. Some referrers think itā€™s a good enough deal that theyā€™ve turned their referral code into a website, and bought ads to point at it.

And M1 seem to do a ā€œget $10 if your friend signs up and funds their accountā€ thing.

@marty is right that a free stock is immediately understandable and possibly very CallToActionyā€¦

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9

Yes definitely free share(s) would be excellent - could be any share under Ā£5 or something like that? Doesnā€™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.

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10

Is there currently any benefit to referring people via a link?

Referred a friend already (who promptly invested in the crowdfunding round too!) didnā€™t realise there was any kind of referral scheme.

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11

Thatā€™s awesome, youā€™ve definitely earned some good karma :purple_heart:

Besides helping your friends put their savings to work thereā€™s no benefits at the moment. But weā€™ll be starting to incentivise referrals in the not too distant future.

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