Refer a Friend Terms and Conditions

You ("Referrer") can make a referral to another person (a "Friend"), subject to the below.
Referrer must be an active SportsBroker customer (i.e. have an Account with SportsBroker and which has not active in last 12 months) to make a referral to a Friend.
The Friend you refer must be aged 18 or over and reside within Great Britain.
The Friend you refer cannot be an existing SportsBroker customer for your referral to be valid.
The Friend you refer cannot be yourself or persons residing at the same address.
Referrals are made by sharing your unique SportsBroker customer referral code, which can be found in the SportsBroker application by selecting 'Refer a Friend' from the application menu, and then by selecting the 'Recommended' tab and opting into this promotion.
A referral is 'validated' when the 'Friend' creates a SportsBroker account, includes the referral code, opts into this promotion and deposits £10 in their account.
Once a referral is validated, both the Friend and Referrer will receive £25 bonus funds each in their respective accounts. The Referrer shall then receive confirmation of the successful referral in the SportsBroker application, either by pop-up upon logging in, or by a push notification should they already be logged in.
In order to unlock the bonus funds for withdrawal, you must place a minimum of £250 of trades ("Qualifying Trades"). Such Qualifying Trades can be made by using such bonus funds, funds from your Deposit Balance or a combination of bonus funds from your Bonus Balance and funds from your Deposit Balance. For an example, please view the example at the end of these T&Cs.
Your bonus funds balance ("Bonus Balance") will be displayed separately to your deposited funds balance ("Deposit Balance"). When you purchase a virtual share(s), you must elect whether to use your Deposit Balance or Bonus Balance. When you sell a virtual share(s), the proceeds will be returned to your Bonus Balance and Deposit Balance in proportion to the amount of each balance used to purchase the virtual shares. For example, if you purchase £20 of virtual shares using £10 of your Deposit Balance and £10 of your Bonus Balance, then sell the virtual shares once they have increased in value to £30, £15 would be returned to your Deposit Balance and £15 to your Bonus Balance. If instead you sold £10 of that £30 shareholding, £5 would be returned to your Deposit Balance and £5 to your Bonus Balance.
Your Deposit Balance may be withdrawn at any time, subject to any provisions in the SportsBroker General T&Cs, which can be viewed here
SportsBroker General T&Cs apply and can be viewed here.
By partaking in Refer a Friend, you confirm that you have read, understood and accept our privacy policy: https://sportsbroker.com/privacy-policy.

Example

Upon referral being activated but prior to shares being bought

Player A receives £25 of bonus funds into their Bonus Balance, having made a valid referral.

Player A also has a Deposit Balance of £25.

Player A will need to complete £250 of Qualifying Trades, to release their bonus funds.

Bonus Balance: £25

Deposit Balance: £25

Round 1

Player A purchases virtual shares in Huddersfield Town AFC for a total of £50 before the team's next fixture starts and keeps the virtual shares until the game ends. The purchase of these virtual shares is completed using £25 of Player A's own funds from their Deposit Balance and £25 of their Bonus Balance.

Huddersfield wins this match, and Player A's total virtual share value rises to £100. Player A then sells their virtual shares in Huddersfield, with £50 of the proceeds being deposited into Player A's Deposit Balance and £50 being deposited into their Bonus Balance.

Player A has now placed £50 worth of Qualifying Trades.

Bonus Balance: £50

Deposit Balance: £50

Round 2

Player A then buys virtual shares in Leicester City for £50 using their Bonus Balance, before Leicester City's next fixture starts and keeps them until that fixture ends.

Leicester City loses their match and the value of Player A's virtual shares decreases to £30. Player A sells their Leicester City virtual shares, with the funds being returned to their Bonus Balance.

Player A has now completed £100 (£50 + £50) worth of Qualifying Trades.

Bonus Balance: £30

Deposit Balance: £50

Round 3

Player A then buys £30 of virtual shares in Bari using their Bonus Balance.

Player A keeps the £30 of virtual shares until the end of the next match when Bari wins. The virtual share value held increases to £60.

Player A cashes out £40 of their Bari virtual shares leaving £20 in Bari.

Player A has now completed £130 of Qualifying Trades (£50+£50+£30).

Bonus Balance: £40

Deposit Balance: £50

Round 4

Player A buys £40 of virtual shares in Valencia using their Bonus Balance.

In the next round of matches, Bari loses and Valencia wins their respective games.

Player A's virtual share value in Bari drops to £10, but the value held at the start of the match (£20) is counted toward unlocking the bonus funds.

Valencia's virtual share value rises to £100, and the total kept in for the duration of the match was £40.

Player A then sells the Bari virtual shares, meaning that there is £10 added to their Bonus Balance.

Player A has now completed £190 of Qualifying Trades (£50+£50+£30+£20+£40).

Bonus Balance: £10

Deposit Balance: £50

Round 5

Player A keeps the £100 of Valencia virtual shares until the end of the next match when Valencia loses. The Valencia virtual share value held decreases to £80.

Player A then sells the Valencia virtual shares for £80. This results in Player A having a total of £90 in their Bonus Balance (£80 from sale of Valencia virtual shares plus £10 from sale of Bari virtual shares in previous round).

Player A has now completed £290 of Qualifying Trades (£50+£50+£30+£20+£40+£100)

Player A has now completed over £250 of Qualifying Trades.

The £90 Bonus Balance is now moved to their Deposit Balance ( to the existing £50 Deposit Balance) and made available for withdrawal.

Bonus Balance: £0

Deposit Balance: £140 (£90 + £50)