Last Updated on February 10, 2023 by Melissa S.
Get a risk free share worth up to £200 with Freetrade
There’s a real buzz about investing at the moment, especially after the recent incident involving Reddit users and Gamestop.
Of course, one surefire way to lose money is to go in all guns blazing into something you may know little about and on the basis of a social media buzz as I outline here.
However, this doesn’t mean that you can’t start to look at investing as another way to make money – I would never think of it as a “sidehustle”, as that insinuates a “get rich quick” mentality that is unsuited to the beginner investor.
If you are interested in trying out an investment app risk free, then Freetrade is a great place to start. What’s more, for just a £1 investment you are rewarded with a free share worth anywhere between £3 – £200. This can then be withdrawn if you choose to do so.
Freetrade is an app that lets you buy and sell shares on stockmarkets around the world with zero fees or commission. Of course, just like any stock market investment, your capital is at risk with no guarantee of profit. However, due to the sign up offer, we can get our mystery share risk free.
How does it work?
- Make sure you select the basic free account.
- Enter your details – you will need your National Insurance Number so make sure you have it to hand. This can usually be found on payslips.
- You will then be directed to complete a W8-BEN form – this is just to declare you do not pay tax in America.
- Deposit £1 into your account. You should then get a message that you have received a mystery share that will unlock in 7-10 days.
- Within 7-10 days you should get a push notification from the app saying your mystery share is unlocked. You can then log in and discover how much it is worth!
At this point if you wish, you can withdraw your share – so this could be anything up to £200 for absolutely nothing! Of course, you could also choose to leave it in and see how it performs. If it is a small amount, such as less than £10, this could be the smarter option – but it’s entirely up to you of course.
Earn more Freetrade mystery shares by referring friends
You can then repeat the process by sharing your referral code with friends. Currently there is no limit on how many friends you can refer and how many free shares you can be awarded with. So far I’ve made over £100 simply by referring my friends! The highest share I was awarded so far was £40.
This sounds too good to be true – why would Freetrade give away free shares?
Freetrade obviously want to increase their customers. By offering a free mystery share on signup they hope that people will continue to invest, which ultimately is good for their business. Of course, some people will, but you are under no obligation to do so.
Act sooner rather than later!
Because of the sudden increase in interest in trading apps, my advice is to act now to get this offer! Trading 121 who offer a similar scheme are currently not accepting new customers due to unprecedented increase in demand.
This is purely my own speculation, but if these apps continue to see a big demand for their services they may very well change the offers to be less lucrative, so with nothing to lose, I would act now!
This post contains affiliate links. If you sign up to Freetrade using my link, we will both receive a mystery share.
About the Author
Melissa is a working parent who left behind a senior management salary for a better work/life balance. Following her own money saving and money making strategies she was able to clear debt and live a life she loves. Blogging, selling digital products on Etsy and selling preloved items on eBay are her favourite side hustles. Read her story here.