Trading 212 referral code: scheme paused
Heads up: Trading 212's referral runs in campaigns and its links expire when each one ends, so this page carries no link until the next campaign brings a new one. When a campaign is running, you and the person who invited you each get a free fractional share, and Trading 212's own odds put 80% of those shares at £8 to £25.
I opened a Stocks and Shares ISA with Trading 212 in May 2026 through a referral link, my share was worth £18, and I have paid into the ISA every month since. The latest campaign's window is 21 September to 3 November 2026, and Trading 212 gives no date for the next one. On the latest terms, qualifying takes a £1 deposit within 10 days of opening the account, and you can sell the share straight away, but its cash value stays locked for 30 days.
Seb has used Trading 212 since May 2026.
Part 1
The offer
Trading 212 referral is paused on this page
Trading 212's referral runs in campaigns and its links expire when each one ends. The latest window is 21 September to 3 November 2026, and the next campaign brings a new link.
Paying today
- InvestEngine: Bonus worth £20–£200 (randomly generated)
Reward
Get a free fractional share, worth £8 to £25 in 80% of cases and up to £100, when you open a Trading 212 Invest account, Stocks ISA or SIPP through a referral link during a campaign and deposit its minimum, £1 on Invest and the ISA. Its cash value is locked for 30 days.
How it works
- Open a Trading 212 Invest account, Stocks and Shares ISA or SIPP through a referral link while a campaign is running
- Verify your identity
- Deposit the account's minimum within 10 days of opening it, £1 on Invest and the ISA
- Your free share arrives within 3 business days, and the referrer gets one on the same odds
- You can sell the share at once, but its cash value can only be withdrawn after 30 days
Trading 212
Trading 212 is a UK investing app with commission-free dealing in shares and ETFs, bought whole or as fractional shares from £1, across a general investment account (Invest), a Stocks and Shares ISA, a Cash ISA and a SIPP. Trading 212 UK Ltd is regulated by the FCA.
Part 2
Is it for you?
Trading 212 referral summary
- Reward
- A free fractional share worth £8 to £100, and £8 to £25 in 80% of cases
- Reward type
- Fractional share, with its cash value locked for 30 days
- Requirement
- Open an Invest account, Stocks ISA or SIPP during a campaign and deposit its minimum within 10 days (£1 on Invest and the ISA)
- Time to receive
- Within 3 business days of both accounts being verified and funded
Trading 212 referral pros and cons
Pros
- Commission-free dealing, with 0.15% on currency conversion the only Trading 212 fee on Invest, ISA and SIPP accounts
- £1 minimum deposit, and shares can be bought by value from £1 as fractional shares
- Trading 212 publishes the referral odds to customers in its app, so the typical share is a known figure rather than a guess
- Invest account, Stocks ISA, Cash ISA and SIPP in one app
- FCA regulated, with FSCS protection up to £85,000 if Trading 212 fails
- Rated 4.6 / 5 on Trustpilot from over 100,000 reviews
Cons
- The referral only runs in campaign windows, and each campaign's link expires when it ends
- Anyone who has had a reward from any Trading 212 promotion before cannot claim a referral share
- It also sells CFDs, where by its own figure 77% of retail investor accounts lose money; the referral excludes them
What is a Trading 212 free share worth?
Usually £8 to £25. Trading 212's own odds, shown in its app, put 80% of free shares in that band, 15% at £25.01 to £50, 3% at £50.01 to £75 and 2% at £75.01 to £100. So the £100 on the invite page is the top of a band that pays out one time in fifty. My share was worth £18.
What is a Trading 212 free share worth?
Usually £8 to £25. Trading 212's own odds, shown in its app, put 80% of free shares in that band, 15% at £25.01 to £50, 3% at £50.01 to £75 and 2% at £75.01 to £100. So the £100 on the invite page is the top of a band that pays out one time in fifty. My share was worth £18.
| Share value | Chance |
|---|---|
| £8.00 to £25.00 | 80% |
| £25.01 to £50.00 | 15% |
| £50.01 to £75.00 | 3% |
| £75.01 to £100.00 | 2% |
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."
How does the Trading 212 referral scheme work?
Open a Trading 212 Invest account, Stocks and Shares ISA or SIPP through a referral link while a campaign is running, verify your identity, and deposit the account's minimum, £1 on Invest and the ISA, within 10 days of opening it. You and the referrer each get a free share within 3 business days. You can sell yours at once, but its cash value is locked for 30 days after it lands.
How does the Trading 212 referral scheme work?
Open a Trading 212 Invest account, Stocks and Shares ISA or SIPP through a referral link while a campaign is running, verify your identity, and deposit the account's minimum, £1 on Invest and the ISA, within 10 days of opening it. You and the referrer each get a free share within 3 business days. You can sell yours at once, but its cash value is locked for 30 days after it lands.
An Invest account (Trading 212's general investment account), a Stocks ISA or, since the terms were re-published on 28 September, a SIPP qualifies. A SIPP's share is paid into an Invest account, which you have 10 days to open if you have none (clause 3.3). 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, Stocks ISA or SIPP 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).
When is the next Trading 212 referral campaign?
Trading 212 gives no date for it. The latest campaign's window is 21 September to 3 November 2026, and referral links expire with it, so this page carries no link until the next campaign brings a new one.
When is the next Trading 212 referral campaign?
Trading 212 gives no date for it. The latest campaign's window is 21 September to 3 November 2026, and referral links expire with it, so this page carries no link until the next campaign brings a new one.
The window is clause 1.4 of the Invite a Friend terms (opens in new tab), which runs to 23:59 GMT on 3 November and says referral links and IDs are only active during it. On 2 November 2026 neither the terms nor the help centre article (opens in new tab) named a next campaign.
Campaigns do not run back to back. The one before the latest ended on 9 July 2026, and none was running when I checked in August and early September.
What is Trading 212?
Trading 212 is a UK investing app with commission-free dealing, regulated by the FCA (firm reference 609146). On its Invest account, ISAs and SIPP the only fee it charges is 0.15% on currency conversion. FSCS protection covers up to £85,000 of shares and cash combined if Trading 212 itself fails.
What is Trading 212?
Trading 212 is a UK investing app with commission-free dealing, regulated by the FCA (firm reference 609146). On its Invest account, ISAs and SIPP the only fee it charges is 0.15% on currency conversion. FSCS protection covers up to £85,000 of shares and cash combined if Trading 212 itself fails.
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.
Trading 212 or InvestEngine?
Both, if you want both rewards, though Trading 212's share needs a running campaign. They are separate schemes on separate platforms: Trading 212's share asks for a £1 deposit and locks its value for 30 days; InvestEngine's bonus asks for £100 kept invested for 12 months. The typical outcomes are close, and I was paid £18 by one and £22 by the other.
Trading 212 or InvestEngine?
Both, if you want both rewards, though Trading 212's share needs a running campaign. They are separate schemes on separate platforms: Trading 212's share asks for a £1 deposit and locks its value for 30 days; InvestEngine's bonus asks for £100 kept invested for 12 months. The typical outcomes are close, and I was paid £18 by one and £22 by the other.
| Trading 212 | InvestEngine | |
|---|---|---|
| You get | Free share, £8 to £100 | Bonus, £20 to £200 |
| Typical outcome | 80% at £8 to £25 | 75% at £20 to £24 |
| Qualifying deposit | £1 | £100 |
| Locked for | 30 days, the share's value only | 12 months, the bonus and the £100 |
| Referrer paid for | 5 sign-ups per campaign | First 25 referrals |
| Paid to me | £18 share, May 2026 | £22 bonus, May 2026 |
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.
Part 3
How it compares
Trading 212 referral at a glance
| Your reward | A free fractional share worth £8 to £100, and £8 to £25 in 80% of cases |
|---|---|
| Friend's reward | A free fractional share on the same odds, for up to 5 referrals per campaign |
| Reward type | Fractional share, with its cash value locked for 30 days |
| Requirement | Open an Invest account, Stocks ISA or SIPP during a campaign and deposit its minimum within 10 days (£1 on Invest and the ISA) |
| Time to receive | Within 3 business days of both accounts being verified and funded |
| Referral limit | 5 rewards per referrer per campaign; after that, new customers still get their share |
Trading 212 key facts
Trading 212 vs InvestEngine referral
| Feature | Trading 212 | InvestEngine |
|---|---|---|
| Reward | A free fractional share worth £8 to £100, and £8 to £25 in 80% of cases | Bonus worth £20–£200 (randomly generated) |
| Reward type | Fractional share, with its cash value locked for 30 days | Investment bonus (locked for 12 months) |
| Requirement | Open an Invest account, Stocks ISA or SIPP during a campaign and deposit its minimum within 10 days (£1 on Invest and the ISA) | Invest at least £100, kept invested for 12 months |
| Time to receive | Within 3 business days of both accounts being verified and funded | Typically within 2 business days of investing £100 |
| Referral limit | 5 rewards per referrer per campaign; after that, new customers still get their share | Your first 25 referrals |
| Trustpilot | 4.6/5 | 4.7/5 |
Part 4
Questions & related
Trading 212 referral FAQ
Does Trading 212 offer a discount code, voucher code, or promo code?
Trading 212 has no checkout discount codes, because there is nothing to discount: dealing is commission-free, and the only fee on an Invest account or ISA is 0.15% on currency conversion. Its sign-up offers are free shares, through refer-a-friend or through promo codes and links issued under its other promotions. The terms say a referral does not combine with those, and anyone who has already had a reward from any Trading 212 promotion cannot claim a referral share at all. Last verified: 2 November 2026. Compare how this works across every brand I cover in my UK voucher codes guide.When is the next Trading 212 referral campaign?
Trading 212 gives no date for it. The latest campaign's window is 21 September to 3 November 2026, ending at 23:59 GMT in its terms. Referral links expire with the campaign, so a new campaign means a new link.How many people can I invite to Trading 212?
As many as you like, but Trading 212 only rewards a referrer for 5 sign-ups per campaign. The people you invite after that still get their own free share; only yours stops.Is there a Trading 212 referral code instead of a link?
Yes. Trading 212 issues each referrer a link and a matching Referral ID, and a new customer can enter the ID in the app straight after opening an account instead of using the link. Both only work during a campaign, so this page carries neither until the next one.Is my money safe with Trading 212?
Trading 212 UK Ltd is regulated by the FCA (firm reference 609146) and keeps client money and shares separate from its own. If Trading 212 fails, the FSCS protects up to £85,000 of shares and cash combined. None of that protects you from a share falling in price: investing puts your capital at risk.What does Referral Plug get for referring me?
Nothing while this page is paused, because it carries no link. When the next campaign brings one, the referrer on this page will be me, and Trading 212 gives the referrer a free share on the same odds as yours, for up to 5 sign-ups per campaign. Your fees, your account and your odds are the same whichever referrer's link you use.
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