10 a month! Iāve referred 3 people in 3 years!
I was expecting 3 free shares via the Monzo link but havenāt got anything queued and itās been over 7 days now. I have emailed yesterdayā¦waiting for a reply.
Wonder what the new t&cs will mean for those YouTubers who rely massively on referrals for āpassive incomeā each month.
The first free share will be awarded within 7 days of funding the Freetrade account, and the second two free shares will be awarded within 30 days of funding the Freetrade account.
These are the terms. Has it been 7 days since funding Ā£2?
I signed up and funded Ā£2 last Thursday. Thereās nothing that says queued shares either.
Sounds like you should have one by now then. Maybe reach out to hello@freetrade.io and ask them.
Cheers. Yeah, I have emailed yesteday. I did it all via my phone so maybe the link didnāt work properly even though it opened up the Play Store and I installed the app.
@SebReitz I got it sorted with customer support. I can see the 3 free trades pending now.
The last time I put out a link for a free share was ages ago, opened my app this morning and found I have a free share pending. Turns out the person downloaded the app in January 2021 from my link, and has only just used it. Must have been all the adverts knocking about that jogged their memory.
Nice little surprise to have on a Monday. Now all I need is for it to be a nice big value share. Iāve had 31 free shares so far, most around the Ā£3-Ā£7 mark and one at Ā£22, fingers crossed I get a big one (hint hint FT management)
You must be hoping for Tesla now!!!
I wish. ā¦
But I got KLX energy instead, a Ā£3.40 share. But hey itās up 5% since I got it, so maybe I got a winner.
To summarise the video: Man complaining about something that is free.
I agree that itās not great that Freetrade might have changed the underlying probability distribution of the free shares to lower the average without giving some kind of hint or releasing a statement.
However, itās not exactly lying and he uses very extreme words that shouldnāt be used imho.
His sample size of users is still pretty small when you consider weāve added hundreds of thousand of new user in the last couple of months. Last one I got was Ā£13.50 about a month ago
Have they though? He doesnāt actually
show any stats before or after when he claims they changed it, just anecdotal feedback from other āinfluencersā and a set of 200 referrals he claims to have done himself
Also - does this new rule about 10 free shares maximum a month not count for āinfluencersā (just puked in my mouth saying it again)?
Surprise surprise a gurning youtuber makes a dramatic claim that is not true Anything for those sweet clicks!!!
I donāt know how they are distributed, but if there are a fixed number of high value shares it makes sense that you are less likely to get one if 100,000 other people signed up that month
Near the end of the video he says he has earned over Ā£24,000 in free shares
For what itās worth, Iāve receieved shares over Ā£5, even over Ā£15.
Not really. Itās advertising for financial benefit from the company and advertising can be questioned if there seems to be discrepancies in the advertisementās claims. Pretty standard stuff thatās been common practice for decades.