We'll start testing incentivised referrals (free shares!) within weeks 👯

Freetrade Chat 🔥 Sneak Peeks
22

if we (Androids) wanted to refer people we could just download app on an old/friend’s iphone, log on and refer people that way. :money_mouth_face::stuck_out_tongue_winking_eye:

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23

:rofl::robot::robot:

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24

Great announcement and feature!

Would be cool if we could choose the stock though! I know some people might choose the highest priced stocks but some might choose a stock that resonates well with the referee and referer!

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There is not going to be a significant delay until we launch free stock referrals on Android. We’ll keep communicating about it!

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26

That could be fun, but randomising is also fun. :game_die:

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27

It would work, but there is not going to be a long wait until we have it on Android!

28

Can easily sell and redistribute
And I don’t know about everyone else, but if it was a choice I’d just choose the most expensive
I also think it adds a sense of excitement :money_mouth_face:

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29

Jonny, we are really thankful you made those referrals! :pray: Thanks to that, we’ve gotten to a stage of our growth where it makes sense to start testing incentivised referrals. We’re offering the stocks to testers who make referrals from now on, to accelerate our growth even further!

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30
  • The randomiser will decide about the stock for the referrer and the referred friend independently, so very likely they’ll get different shares.
  • The random chance is not equal, but weighted, and it’s less likely (although very possible!) to get a stock on the more pricey end. This is to make sure we target what is a reasonable customer acquisition cost for us.
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32

Excellent, thanks for the clarification.

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33

It would not be very helpful to share them now, as we are testing things and they will change, probably often. Let us figure them out first! :wink:

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34

Is there a higher weighting for the referrer to get a higher value stock? After all, they went through the effort to recruit people…

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35

@Viktor Do you have any sneak peaks of what it looks like when you reccieve a free share or does it just go straight to your GIA?

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36

There is no difference right now. We want to keep it simple unless the data shows we should do otherwise.

I’d be actually glad if my referred friend got a more valuable stock. It would be a good way to introduce them to the amazing habit of investing!

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37

I wouldn’t mind the referred friend getting the more valuable stock as it might persuade them to take a second look, whereas if they just got a £3 stock, they might just go ‘meh’ and not log in again.

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38

How dazzling it will look, I’m not at liberty to say (yet), and we might start with a less (non) bombastic look when we start testing it. I’ll try to post screenshots when we are near though!

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39

I see you Viktor editing ‘bombastic’ to ‘explosive’ :eyes: Not a fan of Shaggy?

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40

I’m trying to find the right word that describes the experience here.

I think bombastic was great to start with! :boom:

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41

I referred a few people previously but they are yet to dip their toe in and actually trade/open an account. It was just simply them adding their email and getting on the waitlist.

Would this count as a referral if they were now to actually open an account and make a trade? Or has that email already been registered?

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42

Yes, as they haven’t opened an account yet, they would count as your referrals! Feel free to wait until we have the free stock referrals ready for you to sign them up and get them investing. We understand. :money_mouth_face:

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