New Frec customers can earn a $250 cash bonus by opening a brokerage account through a referral link displaying the offer, creating a Frec Direct Index portfolio, and funding it with at least $20,000 or $50,000, depending on the index selected.
Once funded, you’ll need to keep your portfolio fully funded for 90 days without withdrawing or moving assets.
When the 90 days are complete, Frec will deposit $250 in cash directly into your account.
There’s no promo code required. Just be sure to use the referral link showing the $250 bonus when signing up.
(This is a referral link. If you open an account, thank you for supporting The Ways To Wealth.)
Offer last checked April 2026.
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.
How Other Brokerage Bonuses Compare
I keep an updated list of the best brokerage sign-up bonuses ranked by effective ROI, along with a separate list of apps that offer free stock. Here’s a quick look at some of the top current offers.
| Company | Offer |
| Robinhood free stock | Up to $200 in fractional shares, no deposit. Most people get $5. |
| Stash sign-up bonus | $30 when you deposit $5. Stash charges $3/month, so you net about $21 after three months. |
| moomoo free stock | $30 in NVDA at $500. $100 at $2K. $200 at $10K. $400 at $50K. $1,000 at $100K. Hold 60–180 days. |
| TradeUP bonus code | 1 NVDA share (~$185) at $2K. Up to 50 shares at $1M. Code “wealth.” 30-day hold + 10 trades required. |
| Public free stock | $20 in stock when you deposit $1,000. |
| Frec $250 bonus | $250 cash when you deposit $20,000+ into a direct indexing portfolio. Must hold 90 days. |
| Acorns sign-up bonus | $20 when you set up a $5 recurring investment. Acorns charges $3/month, so you break even after about seven months. |
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 The Ways to Wealth and Frec.
