Invite your friends and earn up to $25 in US stocks with Passfolio

Published on
11/11/19
by
Passfolio

We are excited to announce that our referral program is live! While your financial passport is coming, you can invite your friends to join Passfolio’s waitlist and increase your chances of earning rewards.


There are two ways of participating - either as a waitlister or as a user. 

If you’re still on the waitlist, you can refer friends to move up the line. The top 10,000 waitlisters will earn up to US$25 worth of a free surprise stock to start trading after they fund their account. The higher your position in line, the higher your reward! If you are not on our waitlist yet, what are you waiting for? Sign up now!


If you already have access to the app, don’t worry - you can still invite more friends and earn rewards for that. As you invite friends and they sign up and deposit, you’ll earn free stock as well!


Find out below everything you need to know about our referral program:


What is the Passfolio Referral Program?

Our referral program allows you to invite your friends to join our waitlist, increasing your chances of earning rewards. 


How to participate?

If you’re still on the waitlist:

Invite your friends with your unique link. If they join the waitlist with your link, you will move up your position in line!


If you didn’t copy your unique link when you signed up, don’t worry! Access your “Share” page on our website by inputting your email address again in the home page, just like you did the first time you joined our waitlist. You will also be able to check your position and the number of friends referred in your “Share” page.


If you’re already a user:

Get your referral link directly in the app and share it with your friends. Every time a new friend creates an account and deposits, you’ll get a point for one more successful referral. This way, you will progressively achieve milestones and earn rewards.


What do I get from participating?

If you’re still on the waitlist:

The top 10,000 waitlisters will earn up to US$25 worth of a free surprise stock to start trading after they fund their account.


If you’re already a user:

You will receive rewards as you grow your number of successful referrals, which is the number of people you invited that created and funded their accounts. Check out how much you can earn from referrals:


  • 1 successful referral - $2 in stock
  • 3 successful referrals - $3 in stock
  • 7 successful referrals - $5 in stock
  • 15 successful referrals - $10 in stock
  • 25 successful referrals - $12 in stock
  • 50 successful referrals - $25 in stock

Also, every time you refer someone that creates an account and deposits at least $1, they will also earn $2 in stock!


Important information

  • The referrer and the referred must be different people.
  • The waitlist ranking is determined by the number of people referred and date joined.
  • A valid email address must be used when signing up to our waitlist, as your email address will give you access to the app and will be attached to your reward if applied.
  • If you refer someone that signs up with an invalid email address, you will not move up the line in the waitlist. We have fraud prevention mechanisms that capture fake emails used to sign up for the waitlist, and those email addresses will not be counted.
  • At launch, you will be in line to get invited to use the app early. You will not necessarily be invited to use the app as soon as the app launches - it may take a while, depending on the number of waitlisters in front of you.
  • Once you are invited to use the app, you will need to create a valid account through our KYC process and fund your account with at least US$1 to access your free surprise stock reward.
  • In order to earn rewards from successful referrals as a user, you need to have a valid and approved account.
  • The reward values may vary from US$1 to US$25, depending on your position in the waitlist by the time you get access to the app.
  • You will not be able to change the reward, but if you decide to sell your gifted stock, you’re allowed to do so three trading days after you receive it. You can use the proceeds from the sale towards other stocks that you want to invest in.
  • If you sell your free stock, you have to keep the cash value of the stock in your account for at least 30 days before withdrawing it. After the thirty-day window, there are no restrictions on the proceeds. The cash value of the stock is determined by the price of the stock at the time you received it. 
  • If you don’t claim the reward for 60 days, your reward will expire.
  • If you receive a stock reward, you are responsible for all applicable taxes and fees resulting from it.
  • Passfolio may suspend or terminate the referral program or a person's ability to participate in the program at any time for any reason.
  • Passfolio reserves the right to suspend waitlisters or deny any rewards if we notice any activity that we believe is abusive or fraudulent. We also reserve the right to modify the rules of this referral program at any time without prior notice.