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.
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.
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
Here is my code: https://frec.com/referral/EGAUPIMI
Used one of previous user’s referral. Here is mine. Thank you. https://frec.com/referral/RRHMEUEI
Used the previous comment’s referral link. Here’s mine! thank you <3
https://frec.com/referral/SANHAAUC
Smooth process. I used gadget’s link. Here is mine: https://frec.com/referral/RPPEUPEM
PSA: when you earn a referral bonus it goes into a “Cash” account (non interest bearing). You will want to either invest it (e.g. move into your index) or transfer out. I incorrectly assumed it would be automatically invested and lost out on some market gains the past couple weeks.
Frec early adopters… be on the lookout for an email from Frec.com.
Subj: Quick reply needed: the Frec team has a gift for you!
The rep asks you to reply to confirm your mailing address so they can send you a gift. I assume it will be a coffee cup or something silly to take places to promote their biz. Didn’t ask my shirt size, so I doubt it’s anything to wear.
what was it?
Don’t know yet. Email update:
“Quick update – our gifts hit a production/supply chain delay so the delivery ETA is towards the end of February/early March. When the production is complete I’ll send a more specific ETA.”