Trading 212 referral code: a free share, usually worth £8 to £25

The table is Trading 212's, from the "Free shares value probability" screen in the app, read on 27 September 2026. Its Invite a Friend terms (opens in new tab) promise the weighting ("Shares with a higher value will be less common", clause 3.6) and say the odds are published on the Invite a Friend page, which is that screen. The help centre article (opens in new tab) gives only the range, and in euros: €8 to €100 is the figure for euro accounts, while a sterling account is paid £8 to £100.

The company is random as well as the value: the app says shares are "randomly selected in terms of value and company". The terms also allow the reward to arrive as several part-shares, or as cash if Trading 212 cannot supply the share (clauses 3.2 and 3.8).

A share's price moves, so the value on the day it lands is not the value a month later. Trading 212's help centre puts it this way: "Its value may go up or down, but you can't lose money by claiming it."

Only an Invest account (Trading 212's general investment account) or a Stocks ISA qualifies. The terms exclude its Cash ISA, CFD and crypto accounts (clause 1.2), so opening a Cash ISA for the interest rate earns nothing. You also have to be new: never an Invest or Stocks ISA holder with any Trading 212 company, and never paid a reward by any Trading 212 promotion, promo codes included (clauses 2.2.2 and 2.2.5). The £1 is the minimum deposit on Trading 212's Invest (opens in new tab) and ISA (opens in new tab) fee pages, which is where the terms point for it.

The 30-day lock covers the share's value, not the share. Sell it the day it arrives and the cash from the sale stays locked until 30 days after the share was credited (clause 3.10). Nothing else in your account is locked.

Don't empty the account in the first week. Closing it, or withdrawing everything you deposited, within 7 days of the share landing lets Trading 212 take the share back (clause 4.1.2).

In a Stocks ISA the share counts towards your £20,000 annual ISA allowance (clause 3.13). If the ISA is already full, the share goes to an Invest account instead, and if you have none you get six weeks to open one or the share is forfeited.

The referrer draws a share on the same odds. Trading 212 pays each referrer for 5 sign-ups per campaign, and after that the people they invite still get their share (clause 2.5).

The dates are clause 1.4 of the Invite a Friend terms (opens in new tab), which run to 23:59 GMT on 3 November. The countdown in the app and on the invite page ends a day sooner, at midnight going into 3 November, so sign up by 2 November if you are cutting it fine. The terms ask for the account to be opened during the campaign and the £1 to follow within 10 days of opening it.

Campaigns do not run back to back. The one before this ended on 9 July 2026, and none was running when I checked in August and early September.

I opened a Stocks and Shares ISA with Trading 212 in May 2026 and have paid into it every month since. Alongside the ISA it offers an Invest account, a Cash ISA and a SIPP (a self-invested personal pension), and you can buy a fractional share, a slice of one share bought by value, from £1.

The 0.15% currency conversion fee (opens in new tab) is Trading 212's only charge on those accounts. Taxes and exchange levies are separate and are not its: 0.5% stamp duty on UK share purchases, for example.

The FSCS (opens in new tab) (the UK's compensation scheme of last resort for failed financial firms) protects up to £85,000 of shares and cash combined if Trading 212 fails, and up to £120,000 of cash per banking group if one of the banks holding client money fails, Trading 212 says (opens in new tab). Those banks include J.P. Morgan and Barclays, and client shares sit with The Bank of New York Mellon and Interactive Brokers. None of it covers a share falling in price: investing puts your capital at risk.

Trading 212 also sells CFDs (contracts for difference, leveraged bets on a price rather than ownership of the share), and its own risk warning says 77% of retail investor accounts lose money trading them. The referral does not apply to a CFD account.

What separates the platforms is what they sell. InvestEngine is ETF-only and offers a Business Account; Trading 212 sells individual shares as well as ETFs, across an Invest account, ISAs and a SIPP.