Tactical Free Stock Promotions
Last updated 23 December 2022
These Terms and Conditions cover a range of free stock promotions that Hellostake Ltd (Stake) may run from time to time for new Stake customers in the United Kingdom. The promotions will be available to eligible customers after they fund their Stake account using the payment method provided by Stake, within Stake’s platform and fulfil the relevant eligibility criteria as set out below.
Participation in these promotions does not conflict or negate a user's eligibility for the Stake Wall St Rewards program. To participate, Stake users must agree to these terms (Stake Wall St Terms & Conditions), which are in addition to the Stake Terms & Conditions.
In order to qualify for a promotion you must meet all of the following:
- You do not have an existing funded individual or non-individual (Company) Stake account before the relevant promotional start date (detailed below).
- You must use a relevant promotional code (detailed below) when creating your new Stake account as at or after the relevant promotional start date (detailed below).
- You must fund your new Stake account with a valid payment method within the relevant promotional period (detailed below).
If eligible, your promotional stock will be allocated to your Stake brokerage account within 7 days of funding your account.
Before opening a Stake account and choosing to invest, please read the relevant terms and conditions and Wall St Rewards Terms & Conditions. Free stock carries capital gains tax implications.
The funding gateways that you must use to qualify as a valid payment method for a promotion are:
Open Banking - Truelayer
The above list may be updated from time to time.
Free US$40 in Tesla stock for customers who sign up and fund using the referral code (MUSK) between 20/05/22 - 01/11/22. This promotion will be delivered exclusively via Xexec digital channels.
Customers are not eligible to set up multiple accounts to claim more than one free stock offer from the above list. For the avoidance of doubt, only 1 claim of free stock can be made per person under this program.
This program is also not available to:
- Non-Individual (Company) accounts
- Customers who already have an existing funded account with Stake before any particular promotion period begins.
Implications Of Owning Stock
Owning a share in a business comes with fluctuations in price. Share prices fluctuate daily and can be a volatile asset. Stake is not in any way promoting and/or recommending the stock you are issued with as part of these promotions or any other program.
You may be liable for capital gains tax on the entire value of the share when sold. This is dependent on your personal circumstance and you will need to seek advice from a tax professional.
Stake or any of its employees is not affiliated with any company or issuer whose stock may be part of any promotion pursuant to these terms and is not affiliated with any exchange that the stock may be listed or traded on.
If any provision in these terms are held to be invalid, void, or unenforceable, such provision (or the part of it that is making it invalid, void or unenforceable) will be struck and not affect the validity of and enforceability of the remaining provisions.
Termination And Changes
Stake may suspend or terminate any particular promotion or a user’s ability to participate in any particular promotion under these terms at any time for any reason.
We reserve the right to suspend accounts or remove free stock if we notice any activity we believe is abusive, contrary to Stake’s brand values, fraudulent or in violation of the Stake Terms & Conditions. We reserve the right to review and investigate all referral activities and to suspend accounts or modify referrals in our sole discretion as deemed fair and appropriate.
The scope, variety and type of services and products that you may obtain by participating in any promotion under these terms can change at any time.
Legal & Updates To The Terms
These Tactical Free Stock Promotion Terms and Conditions are governed by and constructed in accordance with the laws of England and Wales and shall be subject to the jurisdiction of the Courts of England.
We can update these Tactical Free Stock Promotion Terms and Conditions at any time without prior notice. If we modify these terms, we will post the modification on the Stake website which are effective upon posting. Continued participation in the promotion(s) after any modification shall constitute consent to such modification.