Update: Since I wrote this article, Freetrade have limited access to certain stocks as a result of the actions of the WallStreetBets community. Use at your own risk/peril.
Yesterday we saw Robinhood, the stock trading platform, come under scrutiny for its response to the $GME short squeeze. Understandably, a lot of their customers were unhappy with the closure of markets and automated selling of stocks. At this point it’s a double-edged sword for UK traders, who are not eligible to use the platform or take advantage of their offer of one free share for new users. Perhaps it was for the best.
Enter Freetrade
Freetrade is an app which offers a similar service, but without the shady operations. Trading of $GME was never halted on Freetrade although it does belong to their premium tier, for which you will need a paid subscription. Have no fear, though, because there are still plenty of options available to those of us who don’t want to pay for their premium services.
Free shares for new customers!
Freetrade’s incentive for new customers mimics that of Robinhood, offering one free share worth between $3 and $200 for any customer who signs up using a referral link, like this one: https://magic.freetrade.io/join/joshua/5412ca29.
These are the steps you need to take to claim your free share:
- Follow this link: https://magic.freetrade.io/join/joshua/5412ca29