Frec is currently offering a $250 cash bonus to new customers who open a brokerage account via a valid referral link, create a Frec Direct Index portfolio, and fund it with at least $20,000 or $50,000 (depending on which index you select).
After you’ve invested the minimum amount, you must keep your portfolio fully funded for 90 days without withdrawing or moving any assets out of it.
When those 90 days are up, Frec will deposit $250 straight into your account as cash.
There’s no code to enter manually — you just have to click on a referral link that displays the $250 bonus promotion, and then proceed with the sign-up steps.
As this is a referral link, if you sign up, thank you for supporting the site.
Quick Overview of Frec
Frec is a newer (launched in 2023) investment platform focused on direct indexing.
Instead of buying a typical index fund, you own all the individual stocks within your chosen index.
This can give you more flexibility, because you can exclude stocks you don’t want, focus on tax-loss harvesting, and customize your holdings to match your personal goals or values.
With low fees and a minimum investment of $20,000 for most strategies, Frec caters to higher net worth individuals who want the benefits of tax-loss harvesting and more control.
To learn all the details, check out my Frec Direct Indexing Review.
Frec’s Referral Program
After you join Frec, you can share your personal referral link with friends or family who might also want to invest.
If they sign up using your link and fund a direct indexing portfolio with at least the required minimum for 90 days, both of you get another $250 cash bonus. There is a cap of four referrals per rolling 12-month period (or a maximum of $1,000 in referral bonuses).
Verdict
This $250 sign-up bonus might not be the highest flat brokerage bonus out there (especially if you have a larger account), but Frec’s real value lies in its direct indexing approach and self-directed structure.
If you like the idea of customizing your index exposure, automating tax-loss harvesting, and more control over your investments, Frec may be a good fit.
The bonus is simply a nice extra perk that can help you get started.
Ultimately, Frec stands out as the only platform currently built from the ground up for direct indexing in a self-directed environment, offering a range of features that can truly benefit investors who want more control and flexibility.
Disclaimer: The Ways to Wealth is not a client of Frec and will receive a cash payment for each referral that clicks a Frec link, opens a Frec account, and funds a Frec account from their referral. There are no other known material conflicts between Way to Wealth and Frec.
