With F45, the Mark Wahlberg-backed fitness franchise set to IPO on the NYSE today, commission-free brokerage platform Stake is encouraging Millennials and Generation Z to kickstart their financial fitness by offering $45 in free F45 stock.
While research shows that 76% of millennials are exercising at least once a week*, only 54% believe they are saving enough money** and just 43% are actively investing in the stock market.
Stake is encouraging people to prioritise their financial fitness in the same way many do their physical fitness and is offering $45 of F45 stock to new users to help kickstart their investing journey.
Andrew Dengate of Stake said: “Increasingly we are seeing people, particularly of younger age groups, looking to more actively manage their wealth by treating their financial fitness much like their physical fitness. However, this number is still significantly lower, so we want to use today’s F45 IPO as an opportunity to encourage investors (of all ages!) to kick-start their financial fitness journey.”
Investors need to sign up to Stake using the referral code ‘F45’ and fund their account within 24 hours. You will receive an email telling you when to expect your $45 of F45 stock. You’ll also receive further free stock worth up to $150.
Stake offers no fees on trades, its core trading service includes market orders, limit orders, stop loss orders and fractional trading over 4,500 US stocks and ETFs. There is a 0.5% FX fee for deposit and withdrawal only – never on trades.
Stake also offers Stake Black, a premium service billed at $9 / month which includes access to funds from stock sales before they settle and buy and sell ratings from Wall Street analysts.