Update 1/4/25: Extended until December 31, 2025
The Offer
- Brokerage Frec is offering a $250 bonus to both parties when the person being referred opens a new direct indexing account. The direct indexing account has a $20,000 minimum
The Fine Print
- . There is a limit of four (4) referrals or $1,000 in bonus amount per
qualifying brokerage customer per 12-month rolling month period - Each person referred should be someone you have a direct, personal relationship with. You may not distribute a Referral Link or otherwise solicit anyone through mass email, any form of commercial advertising or other similar means. Furthermore, Frec reserves the right to seek reimbursement from any customer (including by deduction from their brokerage account) of amounts paid as Referral Bonuses to customers solicited via mass solicitation. Please note that in certain circumstances the deduction of such amounts from your account may result in a negative balance.
Our Verdict
Pricing is 0.1% or $20 annually for $20,000. You’re limited to 4 referrals ($1,000) per account. Feel free to share your referrals in the comments below.
Used Samya’s referral code. Here is mine. Thank you.
https://frec.com/referral/ABUCANCE
Is the referral site working? I tried multiple referral links from the comments below and keep getting “something went wrong”. I cannot sign up with email or google.
Should be working, but I cannot test it. I know of another Fintech (Fluz) being impacted by a Google service outage today, so it’s possible they use some of those same services.
Thank you – it’s working now. I tried Google and was able to sign up using a referral code provided by Samya (as mentioned in the comments here). Will share my referral code soon. Best!
I messed up on liquidation on this one. Logged in yesterday to see my account value at +1500 which was significant considering that it dipped to as low as -2000 just a couple of months ago. Decided to move a couple of stocks worth about 300 to my self-managed portfolio and withdraw the rest to my linked bank. Now seeing the total liquidated funds were only +200…?
It’s hard to imagine that the stocks lost 1k in value while being sold yesterday… Or the account value graph displayed was incorrect? Not sure how I would go about investigating.
Anyway, I think this account is more suited for the long term investor or for someone who can generate referrals. Not so much for the run of the mill bonus chaser who doesn’t quite grasp the complexity of tax loss harvesting, aka me.
I used a link from the reader below.
Please email me at [email protected] if you would like a referral.
I have all 4 currently available.
https://frec.com/referral/BMRLPIII
https://frec.com/referral/PQALLAPE
Frec has just released their android app. Was already available in the Apple app store.
https://play.google.com/store/apps/details?id=com.frec.app
https://apps.apple.com/us/app/frec-direct-indexing/id6505110202
The early-adopter Frec gift arrived today via FedEx Saver from Imprint Engine in MN. It’s a nice dark grey throw blanket with a small “FREC” label.
Davis
https://www.thekanatagroup.com/product/bayside-throw/bayside
Kind of a weird thing to give out though. Is it so you can take refuge on the couch during market volatility? I would have assumed it would be something you might take outside the house, like a tumbler or blanket to take to a sporting event.
Did not get a blanket. I feel even more gyped
Frec issued corrected 1099’s tonight (dated 2/25). Totals look the same, so not sure what they changed.
Used Evan’s code, here’s mine: https://frec.com/referral/undefined