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 the minimum for the index you pick — $20,000, $50,000, $100,000 or $500,000.
Once funded, you’ll need to keep the portfolio at or above that minimum for 90 straight days, without withdrawing cash or moving assets out. A dip caused by the market itself won’t cost you the bonus.
Once the 90 days are up, Frec deposits $250 in cash into your account. The portfolio has to be open and funded by December 31, 2026, which is when the current program ends.
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.)
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, or $1,000 in bonuses, per rolling 12-month period, counted across all of Frec’s referral programs.
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 The Ways To Wealth and Frec.
