Free share offers explained (and the catch)
Several investing apps run sign-up offers, such as a free share when you open an account and add some money. They can be a nice perk, but investing is not the same as saving, and it's important to understand what you're actually getting.
Capital at risk. The value of investments can go down as well as up and you could get back less than you invest. 18+. This is general information, not financial advice.
How the offers usually work
You open an account through a link, add funds to qualify, and receive a free share. The value is normally picked at random within a range, so it could be a small slice of a well-known company.
The honest catch: your capital is at risk
Unlike a bank switch bonus, money you invest can fall in value. The value of investments can go down as well as up, and you could get back less than you put in. Only consider this with money you're comfortable putting at risk, and never treat a free share as guaranteed money.
Look beyond the welcome offer
A sign-up bonus is one-off, but platform fees, foreign-exchange fees and other charges are ongoing. Compare the long-term cost of an app, not just the free share, before you commit.
This is not advice
Frugl provides general information and shows current offers. We are not financial advisers and nothing here is a recommendation to invest. Consider your own circumstances and always read the provider's terms.
Frugl provides general information to help you compare options. We are not a Financial Advisor and this is not personalised advice. Always check the provider's own terms before buying.