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How to Get Free Stocks and Shares in the UK

Getting your hands on free stocks and shares in the UK is surprisingly easy and accessible.

With the enormous growth in the Fintech market opening up fresh, new ways to invest in the stock market, it has never been easier for both new and seasoned investors to grow their wealth by investing.

However, as the number of share trading platforms in the UK continues to grow, so too does the competition for new customers. This in turn creates an environment whereby would-be investors can ‘shop around’ for the best offers while investment platforms all jostle for their custom.

Best free stocks and shares at a glance

The list below shows a summary of which free stocks and shares you can get from the following investment apps.

Freetrade

Freetrade

  • Get a Free share worth up to £200
  • Just open an account and fund with as little as £2
Lightyear investment app

NEW

Lightyear

  • New customers get $10 account credit – Spend on stocks of your choice
  • Open an account and fund with either £1, $1 or €1
  • No account fees, no trading fees, no FX fees under £3,000 / month
Orca

Orca

  • Free stock worth up to £200
  • Deposit £50 and purchase 3 different stocks
Circa5000

CIRCA5000

  • Get £5 free when you sign up
  • Get a further £15 when you refer a friend!
Stake

Stake

  • Free stock worth up to $150
  • Get a free share of either Nike, GoPro or Dropbox
Wombat Investment App Review

Wombat

  • Get £10 FREE to invest when you open an account
  • Minimum deposit at Wombat is £10

The great news for investors is that the incentives for joining one investing platform over another are becoming increasingly attractive, with one of the most common enticements being free stocks and shares upon signing up and funding your account.

However, before you leap in and join the frenzy, you should take a moment to learn exactly what you are doing, as investing in stocks and shares will always carry a degree of risk and the value of your investments can go down as well as up.

Investing should always be considered a long term endeavour and it is prudent to check that any trading app you consider has been authorised and regulated by The Financial Conduct Authority. Read our How to Start Investing guide to help get you off to the right start.

The following companies giving away free stocks uk are listed below, along with instructions on how to claim the free shares.

Which is the best free share offer?

The free share offer varies between providers, however, identifying which is the best offer is difficult to quantify due to the lottery-style selection of what your free share is worth.

Freetrade offer a free share worth between £3 and £200 although you are more likely to get a share at the lower end of the value scale.

I would recommend that anyone considering which platform should take a look at the terms of the offer as well as the trading and management fees in order to calculate which could potentially be the best offer for you.

It would also be worth checking the products or services each provider offers to ensure they can meet your requirements.

Remember: When investing that your capital is at risk and you may not get back your original investment or the free share. If you are in any way unsure it is wise to get investment advice before you proceed. A financial advisor can help you identify your investment goals as well as provide you with personal finance advice.

Is it possible to get a free share more than once?

Yes, several of the investment providers above have a refer a friend scheme, that allows you to get multiple free shares every time your friend or family open and fund their own account.

Currently, the best investment app for refer a friend is InvestEngine, where you get £25 for referring a friend. Your friend will also receive £25.

Refer to the terms page of the provider you have in mind for any detail of their particular offer.

There is also nothing to stop you from claiming the free share at more than one of the providers listed below.

Each time you open a new account and meet the requirements, you will be awarded your free share.

Make sure you follow the links below to ensure you register for the free share.

Will my free share be subject to tax?

Yes, your free share will be subject to tax just like any other asset however stocks and shares are included in your tax-free personal allowance.

The personal allowance is currently £12,500 and includes salaries, pensions, rental income and any income from your stocks and shares.

The basic rate of tax is 20% for anything over £12,500. Income above £50,000 will be subject to tax at the higher tax rate of 40% and anyone earning over £150,001 per annum will be taxed at a rate of 45%.

Freetrade Free Stock

Freetrade: Free stock worth up to £200

Freetrade have a really easy to use trading app that is really well laid out to help novice traders navigate the stock market. The big advantage of Freetrade is that they offer commission-free trading when you buy and sell stocks, and should you be looking to utilise the tax benefits of investing through a Stocks and Shares ISA, Freetrade can offer you this at a really low cost of just £3 per month. With Freetrade you can get a free stock, and avoid all account charges by opening a Freetrade General Investment Account.

Freetrade also boast over 1000 stocks and EFTs from the London Stock Exchange and the New York Stock Exchange with the option for fractional share dealing.

How to get your free share with Freetrade

How does it work? Your Freetrade free stock will be randomly chosen from a selection of over 90 stocks and the value of your stock will range from £3 to £200. To get your free share at Freetrade, simply complete the following steps:

  1. Go to Freetrade using this Link
  2. Enter your email when prompted
  3. Download the award-winning Freetrade app
  4. Select which account you wish to open (GIA or stocks and shares ISA) and complete the registration process
  5. Complete the W 8BEN form which allows you to invest in US stocks
  6. Fund your Freetrade account with as little as £1 and you will receive your free share into your account within 7 to 10 days

Of course, the more expensive free shares are rarer so you are more likely to receive a free share that is at the lower end of the price scale. However, the good news is that you are at liberty to sell your free share and withdraw the proceeds from Freetrade, although you will be required to wait 30 days from the date of receiving your free share before you withdraw it.

Freetrade Free StockWant more free shares from Freetrade? You can get an unlimited number of free shares with your own refer-a-friend link. Simply share your link with your friends and family and you will get a free share for every person who funds a new account using your link.

  • Withdrawal and deposits – FREE
  • Trading fee – FREE
  • Minimum Deposit – £1
  • ISA – £3 per month
  • Inactivity fee – NONE
  • App Store rating – 4.5/5

For more information, read our full Freetrade review.

Wombat

Wombat: Free £10 to invest

Investment platform Wombat allows you to choose a range of companies to invest in through a number of ETF themed funds.

You can also build custom portfolios and invest in fractional shares.

Start investing with as little as £10, by selecting a theme based on your interests.

The investment themes have a risk level which is illustrated using chili icons, which shows the level of risk in each investment fund.

How to get your free £10 at Wombat

Wombat will award new customers with £10 free when you deposit a minimum of £10 into your new Wombat account.

To claim your free £10 from Wombat simply follow these steps:

  1. Use my referral link here
  2. Enter your mobile number to download the Wombat app.
  3. Complete your registration and upload the necessary ID forms
  4. Deposit at least £10
  5. Choose your investment theme

You should receive your free £10 in your new Wombat account within 7 days after making your initial deposit.

You must also hold your free £10 in your account for a minimum of 90 days before you can make a withdrawal.

Read my Wombat review for more details on the types of investment themes available

Orca Free Shares

Orca: Free stock worth up to £200

Orca are one of the most recent trading apps to launch, going live in 2020 and bringing a truly intuitive experience to the trading app market.

The onboarding process at Orca is particularly slick, and nothing like one we have experienced with any other platform. Each piece of information required is collected via a chatbot, making the entire process very seamless and quick to complete. Orca provide access to 300+ stocks and EFTs on the London Stock Exchange, which isn’t a huge number but sufficient for someone just starting out and the big advantage with this provider is that they offer commission-free trading.

They also have a variety of themed portfolios to choose from and their customer service is one of the best we have come across, with representatives quick to answer even on the weekends.

How to get your free stock with Orca

You need to deposit a minimum of £50 in order to get your free share at Orca, however, this process is completely smooth and shouldn’t take longer than a couple of minutes. Your free share will be selected at random and placed in your account. You also have the option to earn more free shares by recommending Orca to your contacts. To claim your free shares at Orca simply follow these steps:

  1. Download Orca using this link
  2. Set up your Orca GIA account in just a couple of minutes
  3. Deposit a minimum of £50
  4. Purchase a minimum of 3 different assets

Orca App Free StockIf you wish to withdraw your deposit, this can be done once the free share is awarded. Your free share can be sold and withdrawn after 30 days.

  • Withdrawal and deposits – FREE
  • Trading fee – £1 per trade
  • Stamp Duty fee – £0.5% on share purchases
  • ISA – FREE
  • Minimum deposit – £50
  • Inactivity fee – NONE
  • App Store rating – 4.4/5

Stake Free Stock

Stake: Free stock worth up to $150

Stake is an Australian owned investment app that have recently extended their operations into the UK. One of the biggest draws at Stake is their zero commission fees on all stock trading. They currently only offer US stocks and ETFs however, with almost 3,800 stocks and ETFs to choose from, Stake offer more choice for trading in US stocks than any other commission-free investment platform.

Whilst Stake is a low-cost option, all trades are conducted in USD which attracts an FX conversion fee of £2 when you deposit into your Stake account.

How to get your free stock from Stake

For new accounts that sign up using the link above, Stake are offering a free stock in either Nike, GoPro or Dropbox up to the value of $150. Whilst this is a decent offering, be aware that transfer fees will eat into the value of your free stock. Even customers who wish to transfer in using USD will be charged $5 to do so. To get your free share simply following these steps:

  1. Sign up using this link
  2. Download the Stake app and register for an investment account
  3. Deposit a minimum of £50 within 24 hours of opening your account
  4. Spin the wheel to win your free share!

Your free share will be deposited into your account within 3 working days and you are free to withdraw your £50 deposit immediately. You are also at liberty to sell your free share immediately and withdraw the cash value after 30 days. However, remember that you may incur charges when converting your funds back to pounds sterling. The value of the share will fluctuate depending on the current share price. However, GoPro would be the least valuable and Nike would be the most valuable share awarded. Should you win the GoPro share, there is a good chance that you will end up out of pocket due to charges and conversion fees.

  • Trading fee – NONE
  • Withdrawal fee – $2
  • Inactivity fee – NONE
  • Account fee – NONE
  • Fx Fee – 0.5% on amount deposited
  • Minimum Deposit – £50
  • App Store rating – 3.4/5

For more information read our full Stake review.

CIRCA5000

CIRCA 5000: £5 free when you sign up + £10 when you refer a friend

For anyone with a keen interest in impact investing Circa5000 (previously tickr) is a sound option, focusing solely on investments that generate a positive social and environmental impact without sacrificing positive returns. CIRCA5000 have kept things simple, offering just four funds to choose from and eliminating any individual stocks entirely which is perfect for socially conscious investors with little to no experience investing.

Of course, this means that CIRCA5000 are not actually in a position to give away a free share, however, they have overcome this by offering £5 free when you deposit £10 into your new CIRCA5000 account. In addition to this, once you have received your bonus money, you can earn a further £10 each for you and a friend by using your CIRCA5000 invite a friend link located within the CIRCA5000 app. 

How to get your free money from CIRCA5000

Getting your free £5 at CIRCA5000 is a relatively simple procedure and should take just a few minutes to complete by following these easy steps:

  1. Click this link and register your email address
  2. Download the CIRCA5000 app
  3. Register your account
  4. Deposit £10 into your CIRCA5000 account
  5. Wait for your free £5 to be added to your account

One thing to be aware of with the CIRCA5000 promotion is that the £1 monthly fee could erode away at both the promotion money and your original deposit over time should you be investing a small amount. CIRCA5000 has waived this monthly management fee for the first 30 days of opening your account. You are unable to withdraw before 90 days of receiving your £5 credit, after which time you are at liberty to withdraw all your funds.

  • Trading fee – NONE
  • Withdrawal fee – FREE
  • Inactivity fee – NONE
  • Account fee – £1 per month (The first month is FREE)
  • Minimum Deposit – £5
  • App Store rating – 4.5/5

Read our full review of CIRCA5000 to find out more.

Free shares coming soon?

Promotions of getting free shares in the UK come and go, and previously you might have been able to get eToro free stock, but not at the moment. This might change. And when it does, we’ll report it here.

You may be able to get Webull free stocks when they launch in the UK, and there may also be other investment platforms ready to offer these free share incentives. When this happens, we’ll add them to our list of free shares in this guide.

Conclusion

The promise of free stocks is, in its basic form, a signup bonus. The value of the stocks you receive are in no way guaranteed and the starting value could go down as well as up depending on fluctuations in the stock market.

The providers above all have their own conditions relating to their offer so if your intention is to withdraw the bonus, then it’s important that you understand the terms of the provider in question.

There is nothing to stop you from claiming the bonus from more than one provider. However, be aware of the associated fees and costs which can not only eat into your free stocks but also into your deposited money.

Where possible, we have outlined above the value of the stocks you can expect, as well as the fees for the platform so you can judge for yourself whether the offer is potentially profitable.

Remember, regardless of how much your free share is worth, it is ultimately designed to get you investing on the platform. However, if you are interested in starting your investing journey, the free stock could be a welcome boost to your investment pot.

Before you start investing it is always wise to educate yourself. Investing Reviews have a comprehensive guide on How to Start Investing which can help you get started.

Frequently asked questions about free stock

Will my free share be subject to tax?

Yes, your free share will be subject to tax just like any other asset however stocks and shares are included in your tax-free personal allowance. The personal allowance is currently £12,500 and includes salaries, pensions, rental income and any income from your stocks and shares. The basic rate of tax is 20% for anything over £12,500. Income above £50,000 will be subject to tax at the higher tax rate of 40% and anyone earning over £150,001 per annum will be taxed at a rate of 45%.

Can I cash in my free shares?

Yes. Once you have met the requirements of the provider who has awarded you the free shares, you are at liberty to sell your assets and withdraw your cash.

How can I trade stocks for free?

Most platforms will come with a trading fee when you buy and sell stocks. However, recently some freemium models have made themselves available to the market with zero-commission trading which will allow you to buy and sell stock without incurring any charge. These free trade platforms include: Freetrade, Trading 212 and Stake.

Can I buy shares in UK Stock?

Yes, but not all the investment platforms will sell shares in UK stock. However the following investment platforms will all allow trades in UK stock: eToro, Freetrade, Trading 212 and Orca.

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