A unique campaign called FREE PROMOTIONS FOR A GOOD START has been started by the popular brokerage company XTB. Each new client can get a share worth up to USD 30 as part of this campaign (almost 700 crowns). But the special offer is only good for a short time, and people who want to take advantage of it must meet a few conditions.
Since 2002, XTB has been in business as a well-known brokerage firm. XTB runs a trading app that lets you buy and sell American and European stocks, ETF funds, and derivatives with leverage.
Who is the event intended for?
- The offer is only good for people who are new to XTB.
- The first 10,000 people who are eligible to take part can do so.
- The promotion begins at 8:00 AM on January 9, 2023, and ends at 1:00 PM on February 28, 2023. (or while rewards last).
Conditions for getting a free share
To get a free share, you have to do three things: open an investment account, prove who you are, and put any amount of money into the account.
Let’s talk a little bit more about each step:
STEP 1 NEW ACCOUNT REGISTRATION
First, you put in your name and how to reach you (e.g. name, date of birth, and place of residence).
Then you choose the language you want to use and the currency of your investment account (USD, EUR, or CZK) (ideally Czech).
After that, you’ll fill out a questionnaire about your investment experience and another about your income and future investments.
STEP 2 IDENTITY VERIFICATION
- You prove your identity by uploading copies of two ID documents (like your national ID and driver’s license) to the system. Next, you must enter the number of your bank account, which you will use to make deposits and withdrawals.
STEP 3 DEPOSITING MONEY INTO AN INVESTMENT ACCOUNT
You make your first deposit by transferring money from your bank to your account. Your account will tell you how to do this. You can put in any amount you want, like 100 crowns.
The action will be truly yours
If you meet all of the requirements, the share will be sent straight to your investment account. The share should be put on the account no later than three business days after the deposit is registered.
What will my next step be? As part of a campaign called “FREE SHARES FOR A GOOD START,” the broker is giving new clients free AXA shares.
When the stock shows up in your account, you can do what you want with it. So, whether you want to keep the stock for a long time or sell it right away, XTB won’t stop you.
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What’s the catch?
It’s not.
Getting the promotion will happen if you meet the requirements. But you probably know it won’t be free of charge. In exchange for the share, the broker gets information about you and how to reach you. It has nothing to do with anything.
Do I have to pay anything?
Broker XTB is one of the least expensive brokers because:
- There is no cost to buy or sell shares (up to EUR 100,000 per month).
- Putting shares in a brokerage account is free (for portfolios with a value of less than EUR 250,000).
- By bank transfer, it’s free to send and receive money (only for withdrawals under CZK 3,000 you pay a fee of CZK 350).
Is XTB a company you can trust?
XTB is one of the most popular and highly-rated brokerage firms. The company has been in business for more than 20 years, has a license for the European market, and protects client deposits in case the broker goes out of business (limit 22,000 EUR per person). Read more in our review of XTB.
Are there other things like this?
For instance, broker Birdwingo gives away shares for free, but the shares are worth a lot less than what they are worth (about 2 USD). You can also get free shares from the Trading 212 broker if you meet certain requirements.
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