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

[SirCaesar (Cesare G. A.)]

I assume it won’t be extended to previous referrals… I think I already got all the friends I could convince to sign up, it is sad but as long as this company continues growing… it’s worth the loss (maybe)

[Freetrade_Team1 (Freetrade_Team)]

@SirCaesar

I assume it won’t be extended to previous referrals

You guessed right -

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

Jonny, we are really thankful you made those referrals! 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!

[benge (Benjamin Dixie)]

If we post a referral pass to social media can it be redeemed by multiple users or is it first come first served?

[Viktor]

First come, first served!

When your referred friend signs up and tops up their account, you will be eligible to receive a new invite to give out.

[generaljonny]

I’m Android but the friend I would refer is iOS, am I out of luck?

[Mat (Matthew)]

Having started to wind up a few of my mates about Freetrade whilst we were in the pub last night as well as telling them that I’ll be able to send them a referral link sometime soon. Is there any further news regarding when this is going to be launched and thus when I’ll be able to start sending referral links out to people?

Btw, I’m an IOS app user.

Cheers
Matt

[Viktor]

@Mat

Having started to wind up a few of my mates about Freetrade whilst we were in the pub last night as well as telling them that I’ll be able to send them a referral link sometime soon. Is there any further news regarding when this is going to be launched and thus when I’ll be able to start sending referral links out to people?

Nice!

We are planning to test it with a handful of external people within days.

If all goes to plan , free stock referrals will start to roll out to all crowdfunding investors in the next few weeks - including investors in the upcoming Round 5 launching on the 25th June.

[Pazza (Parrish Claxton)]

Will this eventually filter out to all Freetrade users ?

[EastAsia]

@Viktor

If all goes to plan , free stock referrals will start to roll out to all crowdfunding investors in the next few weeks - including investors in the upcoming Round 5 launching on the 25th June.

Any planned ETA for non-investors using Android?

[oxfordmark (Mark L)]

Will you be able to post date the referrals? I have recommended about 3-4 friends and probably won’t have any more to recommend of they have signed up.

[Freetrade_Team1 (Freetrade_Team)]

That’s great! We’re not planning to back date this though -

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

Jonny, we are really thankful you made those referrals! 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!

[Viktor]

Yep, our Android using crowdfunding friends should start getting free share invites they can send out in the next two weeks.

[Viktor]

When we’ve tested it thoroughly, yes it will!

[PoemofXtasy]

@Viktor will incentivised referrals be available across boarders? So if (when) you launch in the Netherlands, is it possible for a uk user to refer a Dutch one? Or an Irish one?

[Viktor]

For now, it will be UK only.

[klnmsoftly]

So you only get 1 referral pass at a time? How did the external test go?

[gt94sss2]

It might not affect many people but have you considered the CGT implications of the scheme?

[dan]

It’s great to see you launching a referral scheme, but on the surface the execution doesn’t make a huge amount of sense to me.

A random stock just doesn’t appeal much to me, personally speaking - given (like most here, I guess) I have an investment strategy and a curated portfolio. I would rather you simply picked a set amount of credit to add to both accounts.

So I don’t think random share allocation is the way forward, but I’m not sure credit is either.

I’m not sure Freetrade users are the kind of people looking to score an extra ~£30-80 by convincing friends and family to sign up. To me, a more effective referral scheme would be a well designed gifting mechanism.

I’d love the ability to gift stock. To be able to go into the app, and buy a share of Tesla, and send it to an email address where they are invited to sign up to Freetrade to claim it. Especially when you can gift a stock you know the person is interested in, at a value appropriate for the occasion, something you know they are confident will accrue in value… Something with a personal touch.

Offering someone a gift is a much more genuine incentive to get them on board, rather than saying ‘we’ll both get a random share worth between £3 and £80’. I imagine that is a better fit with the ‘Freetrade user persona’, and of course a massively more compelling proposition for the new user.

Further, it might be nice to have the option to lock gifted shares so they aren’t just quickly cashed out. Potentially this could be developed as a way to gift shares to minors, who would have access unlocked once they reach a designated age.

Just my 2c, curious to hear what others in the community think.

[Viktor]

@klnmsoftly

So you only get 1 referral pass at a time? How did the external test go?

One at a time now, but we have the ability to give people any amount now, and we will give people that successfully referred, multiple invites.

We’ve seen quite a few referrals from our testers, and an exceptionally high funded rate from those referred newly to Freetrade.

[Viktor]

Thanks for the feedback, Dan! We really like the community input.

@dan

‘we’ll both get a random share worth between £3 and £80’.

I agree that this message currently may not be the most exciting for everyone. This is the first version, and we’ll expand the reward stock selection to its limits.