Important information

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  • The referrer and the referred must be different people.
  • 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 once we launch 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.
  • 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 it.
  • 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.
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