There may be some kind of selection going on that is unknown to users. But from our point of view, it’s random. You could get Apple, you could get… maybe Kier? Who knows.
Unless you’ve heard the “£3 to £80” from Freetrade, why would you assume that’s correct? Reader, it turns out the ‘£3 to £80’ was indeed from Freetrade T&Cs.
The 3-80 was in the Terms and Conditions, so I assume that was the correct amount. But the in-app screen (shown above suggests £200). The message suggests Tesla or Apple which I guess is fine but pretty slim as currently a share of each is roughly $200.
Aha, good spot. I was going to suggest you raise it on the thread in the Freetrade forum, but I see someone - don’t know if it’s you or another - has done so already. No response from Freetrade staff yet, though. I’ll be keeping a beady eye out now. Not least because I referred my first person but a few hours ago, so will potentially have a free share heading my way soon.
Will be interesting to see how this referral scheme goes for freetrade - it’s quite an expensive maximum CAC at £200 for the most expensive share, but the random/arbitrary element allows them to adjust the cost somewhat dynamically by selecting which shares to give out more of, which is clever. I assume they’ll want the average to be something closer to £10.
The only thing I don’t like about it is you have to fiddle about with different links per referral, and you can’t see the progress of past referrals after you have a new code. Perhaps when they expand the scheme they’ll simplify it to just one link and monitor usage instead.
Could people perhaps think twice before posting to say they have a referral link? What was an interesting thread discussing a new investing platform has devolved into something rather spammy.
I have invested in the latest crowdfunding for Freetrade and had an active card check on date of purchase I think a week ago Tuesday (currently today), but nothing has co e out of the bank account, I can also see it in my profile of investments.
Any ideas when the payment is taken, as when I did Monzo granted through app(3rd round I think) was done straight away, and the same with Dozens through Seeders.
