Terms & Conditions

Summary

  • Definitions
  • General terms
  • Referrer’s terms
  • Referee terms

Terms & Conditions

1. Definitions 

Referrer - existing Shares customer who shares or promotes a referral link

Referee - new Shares customer 

Referral reward - Bonus share awarded to referee or recipient  

Referral Cash or Referral reward - Bonus cash awarded to referrer 

Existing Customers - Existing Shares customer is considered as someone who has completed Shares onboarding and KYC checks, has deposited money in their account and is able to trade on the platform. Shares App Ltd is incorporated in England and Wales with company number 13374448. Registered office 16 Great Chapel St, London W1F 8FL. Shares App Ltd is an appointed representative of RiskSave Technologies Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN 775330).

2. General terms

  • All customers wishing to participate in any Shares promotions must agree to  Shares General Terms & Conditions.
  • A referral link is only valid for new Shares customers. An existing Shares customer is considered as someone who has completed Shares onboarding and KYC checks, has deposited money in their account and is able to trade on the platform.
  • The referral reward is only available where the referred customer is eligible for this promotion (as defined below) and has been accepted by Shares as a customer. This includes, completing Shares onboarding and KYC checks, depositing money into their account and being approved to trade.
  • The referral reward may be subject to capital gains tax when sold and the referrer/referee is responsible for meeting capital gains tax requirements.
  • Any tax implications will depend on the customer’s personal circumstances. If  unsure about any tax implications, seeking advice from a tax professional is recommended.
  • Shares is the sole arbiter of the promotion and reserves the right to alter, amend, extend or foreclose the promotion at any time without prior notice.
  • Any particular mentions of securities throughout the referral reward do not represent a recommendation nor should it be construed as financial advice.
  • It is at our full discretion to remove, withdraw or block the referral reward at any given time for any customer. We will only do this if required by law, regulation or in the event of a breach of these terms and conditions. 
  • By agreeing to these terms and conditions you agree to receive further marketing communication via email about any future promotions we may offer. You may opt out or unsubscribe to these emails at any time.  
  • By forwarding the link and participating in the refer a friend scheme you are consenting to the use of a pseudonymised ID to identify you as the referrer of your referees. Please refer to the privacy notice for further information.
  • Shares will limit the number of referees for which the referrer will be rewarded to 50.
  • Shares does not offer investment advice and customers should make their own decisions on investments or seek independent advice from a professional adviser. Nothing in the referral programme constitutes a personal recommendation for any securities.

3. Referrer’s terms

  • The referrer can participate in the referral program provided the referrer is fully onboarded and has topped up their account by a minimum of £1.
  • The referrer will be awarded £50 (referral reward) in cash deposited into their Shares account for every successful referral. The referral reward is deemed successful when :
    - The referee has successfully signed up with a valid email address and phone number.
    - The referee has passed all relevant onboarding checks and their account has been verified.
    - The referee has funded their account by at least £1.
  • The referral link is not specific to each referee and can be reused to introduce multiple contacts and friends. The referral link will be rendered invalid if:
    - The referrer is no longer a Shares’ customer; or
    - The promotion has been ended by the Shares team.
  • The referee can be added as a friend on the referrer’s account during the onboarding process provided both parties agree. .
  • The referrer cannot withdraw the referral cash until it has settled in their Shares account.
  • Referral codes are for friends and family of the referrer only and should not be sent out en masse, nor should they be posted to social media or other similar platforms to acquaintances.

4. Referee terms

  • Shares’ referral link is invalid for existing customers. 
  • The referee will be awarded £50 to be invested in a stock of their choice. The stock can only be an asset already offered on the Shares platform. 
  • The referee will be awarded the referral reward provided: 
    - The referee has successfully signed up  with a valid email address and phone number. 
    - The referee has passed all onboarding checks and their account has been verified
    - The referee has funded their account by at least £1.
  • By choosing which stock to receive as a referral reward, you are instructing Shares to issue a buy order to Shares’ executing agent.  Execution of the trade to award the referee the chosen stock will be triggered upon settlement of their initial deposit (minimum £1) into their account with a market price achieved. The referee must be aware that prices fluctuate and that  prices of stocks are indicative until the transaction has been executed. 
  • As transactions are executed in USD, therefore FX rates may impact the value of the share received. An FX fee of 0.4% of each trade will also be deducted. 
  • Each successful referee may only invest in one stock of their choice up to the value of £50.