Investment Boost: Trading 212 Free Shares Promotion Unveiled!

Today the next round of the Trading 212 free shares promotion is unveiled. June 2024 sees a return of this popular promotion. If you have a Trading 212 account you are now able to offer a referral link to a friend. If they sign up, you both receive a free share.

Trading 212 are an investment platform offering low cost investment options. They are my pick for a stocks and shares ISA.

Trading 212 offer commission free investing. You won’t pay a fee for buying or selling investments. You can pick from a huge range of investments, whether a specific company or a broad global ETF.

They offer both cash and stocks and shares ISAs as well as a general investment account.

Trading 212 have re-launched their free shares promotion. Refer a friend and both parties will receive a free share worth between £10 and £100!

Whilst most people will receive much closer to £10, this is still a free £10 or more for simply sending or using a link. The free shares will be in popular stocks, but you are free to sell the shares and use the money to invest in something of your choosing.

To receive a free share for a referral, you just need to go to your account, open the menu and hit the get free shares link. Share this with a friend and leave them to open an account.

To receive a free shares from being referred, just open the link and follow the instructions to open an account. Deposit the £1 minimum balance and you should receive your shares within 3 business days.

If you’ve opened an account in the last 10 days, you can apply the promo code retrospectively. Simply hit the menu in the app then ‘Use promo code’.

Whilst getting Trading 212 free shares may feel like a freebie, and it is, for the purposes of ensuring a good return it may be best to consider what you would do should you have paid for the share. Just because something is free doesn’t make it good!

The best approach is to consider what you’d like to invest in before receiving your free shares. You can find our guide to picking the best ETF here.

Once you receive your shares you can check whether they fit with your investment strategy. If they do, then great, keep the free shares. If not however there is nothing to stop you selling the shares and reinvesting the cash.

To grow your wealth the best approach is to treat the free shares as simply an extra cash bonus and then invest them as you would the rest of your funds.

That said, and I’m certainly guilty of this, it can be fun to have a couple of random shares and see how they grow!

If you refer someone, your free shares will appear in the account you opened first. Similarly, if you are referred, your free shares will appear in the account you open first. As a result, be careful you don’t accidentally go over your ISA allowance.

Whilst you can sell the shares you receive immediately, the value of the sold share must remain in the account for 30 days. This is to stop people opening an account and cashing out straight away.

Both parties must adhere to the terms and conditions otherwise both parties will lose the free shares or equivalent monetary value.

Customers are limited to a maximum of 5 referrals.

Remember if your free share is in a general investment account you are not protected from tax. As a result should you go over the threshold for dividends received, or Capital Gains Tax by selling the share, you’ll need to declare this. The Trading 212 free shares on their own are not going to push you above the tax allowances, however if you have other investments remember to declare these additions.

As with any promotion, make sure to read the terms and conditions.

I gained from Trading 212 free shares when I referred a couple of friends during Trading 212’s last promotion. I gained a fractional share worth £12.46 in BP and a fractional share worth £12.01 in Louis Vuitton. Neither of these companies met with my investment approach and hence I sold these and bought into a global ETF instead. Looking at what I would have earned by holding onto the shares, I made the right choice! In addition I now have a cleaner portfolio.