Trade Republic launches a Christmas campaign and offers up to 300 euros in shares for new and existing customers
The digital neobank Trade Republic launched this Monday a Christmas campaign with up to 300 euros in actions for new and current clients. The investment broker has detailed in a statement that both new and current clients can obtain that amount in a randomly selected stock when you start investing or when you invite a friend to the entity.
For the promotion, valid until January 6, Three Kings’ Day, A minimum deposit of 100 euros is required and making three investments within 21 days, excluding sales orders and savings plans (recurring purchase orders), while existing clients can participate by inviting up to 40 people. Yet, The shares granted cannot be sold for one year.
Trade Republic has announced that This initiative has been added to that of giving away shares and exchange-traded funds (ETFs)launched at the end of 2023 and which allows any user to send family or friends a financial asset directly from the application.
This ‘gift’ option was used more than a million times last Christmas with an average amount close to 50 euros, so through this means Some 50 million euros were mobilized.
Users chose mostly by diversified index funds -such as the MSCI World, S&P 500 or Eurostoxx 600- and by leading technology companies, such as Nvidia or Apple.
The head of Trade Republic in Spain and Portugal, Pablo López Gil-Albarelloshas assured that the objective is to encourage “gifts that last” and promote the creation of heritage. “This Christmas we want people to give something that can really change lives. the possibility of starting to save and invest with a long-term vision,” he noted.
He has also indicated that, at a time when “About 60% of Black Friday purchases are impulsive”gifting or receiving a stock or ETF “can make a real difference to the way many people think about and manage their money.”
