Invest waitlist terms and conditions


Users can refer existing, previous or new customers to the Emma waitlist for the new Investments product.

A successful referral applies when the receiver registers their email to the waitlist. The registration to the waitlist will be both available in the Emma app and website.

Each new referral will increase the ranking in the list. Users will be ranked by successful referrals. Ie, a person who has successfully referred more people will rank higher in the list than someone who has referred fewer.

The first 100 users who will get access to the Investments product will receive a free share (or a fraction of a share) from Emma. Having made successful referrals doesn’t guarantee that a reward will be assigned if the customer is not ranked in the first 100 users.

The value of the share, or fraction thereof, will be between £3 and £200 at the time the award is granted. Shares are randomly chosen by an algorithm from a selection of approximately 250 instruments in our stock universe.

Approximately 80% of instruments awarded will have a value between £3 and £10. Approximately 15% of instruments awarded will have a value between £10.01 and £25. The remaining 5% of instruments awarded will have a value between £25.01 and £200 (based on the price of the instruments at the time of awarding).

On the day on which an eligible customer has successfully completed their account creation (including completing the anti-money laundering and other checks) they will be invited to accept the award of a free fraction of a share. By doing this they are sending an instruction for an order to be placed. The order will be sent for execution and the customer will receive the award once the trade has executed and settled.

The free share is only available where the recipient customer is eligible and accepted as an Emma customer. For the avoidance of doubt, only UK residents are eligible to be customers of Emma’s investment services.

Neither receiving a reward through this program nor any mentions of particular securities in our communications as part of this referral program represents a recommendation to buy, sell, or hold any particular security.

Receiving a reward may have tax implications for the recipient. Emma does not take any responsibility for tax related to this reward.

Tax depends on your personal circumstances and if you are unsure about any tax implications, seek advice from a tax professional.

The entire value of shares, or fractions thereof, when sold may be subject to capital gains tax. You can check the value of each share when issued and/or sold on your portfolio screen in the App.

It’s in our full discretion to withdraw, remove or vary the reward offer at any time for any customer, though we will endeavor to give reasonable notice

Emma does not provide investment advice and individual investors should make their own decisions on what investments, if any, are right for them or seek independent advice.

You agree to receive marketing and product communications from us. You can unsubscribe at any time.

Emma has no obligation to monitor the scheme or any communications, however, Emma may choose to do so and block any email messages, remove any such content, or prohibit any use of the scheme. Referrers who do not comply with the law, including the laws regarding the sending of unsolicited emails are required to indemnify Emma against any liabilities, costs, and expenses it incurs as a result of such unsolicited email.

We reserve the right to cancel, modify or terminate the scheme at any time for any reason. We reserve the right to disqualify any sser at any time from participation in the program if they do not comply with any of these terms.

The scheme will be terminated once the waitlist will be removed and any existing or new Emma customers will have free access to the Investments product.

If you have any questions regarding this scheme, please email us at

Updated on: 24/05/2022

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