Referral terms
Version 2026-10-18-v4 · 18 October 2026
Two ways to share.
One reward per friend.
Choose the link that fits the reward you want. Your friend’s signup link determines the reward type for that friend.
A lighter subscription.
30-day renewal per qualifying friend
You receive the saving while that friend’s eligible paid coverage stays active, after their 30-day qualification wait.
How subscription savings work ↓Earn cash commission.
after discounts, excluding tax
For owner-invited, approved affiliates. Includes qualifying initial payments and renewals, with a 30-day hold on each payment.
How affiliate earnings work ↓What happens at signup?
A new Shadow customer may use one referral code when creating their account. That code sets the customer-savings or affiliate-commission programme for that friend. Joining the affiliate programme later does not convert earlier customer referrals into cash commission.
No reward is earned from self-referrals, trial starts, failed payments, zero-dollar first invoices or prorated adjustments. There is also no reward for trading, deposits or recruiting affiliates.
You invite. Your renewal gets lighter.
- Share your customer link.
You must have an active, email-verified customer account and an active 7-day trial or eligible paid subscription, and accept these terms. Sharing during a trial does not create cash or unused credit.
- Your friend pays, then qualifies.
A friend qualifies after the 30-day waiting period following their first positive full-cycle payment, provided their paid coverage remains eligible. A free trial alone does not qualify.
- You receive US$1 off your renewal.
Each qualifying paid friend gives you US$1 off your own future eligible 30-day renewals, while that friend’s eligible paid coverage stays active.
3 qualifying paid friends → US$3 off your eligible 30-day renewal.
The saving can continue on later eligible renewals while those friends remain qualified.
The paid coverage matters
A friend who cancels can still count until their paid period ends. Expired, unpaid, refunded or disputed coverage stops eligibility. An already qualified friend with a valid, fully referral-covered US$0 renewal still counts.
How your invoice is calculated
- Your verified plan discount applies first, then customer referral savings. HFM: 30% where eligible.
- Referral savings can reduce your service subtotal to US$0, but cannot take it below zero. They do not accumulate as cash or unused credit.
- If referral savings leave a positive subtotal below US$0.50, Shadow waives that small remainder for the cycle.
- Savings apply to future draft subscription-cycle renewals. They do not change an already-finalized bill. Immediate checkout and prorated plan changes follow normal billing terms.
An invitation. A link. Recurring commission.
The owner chooses whom to invite. You need an active, email-verified, non-admin Shadow account, must accept these terms yourself and need owner membership approval before sharing your affiliate link. There is no open affiliate application.
Broker IB or Sub IB status is not required. A paid Shadow subscription is not required either. Customers without an owner invitation retain the customer subscription-savings programme.
What you earn
Eligible full-cycle payments earn 20% of subscription service revenue actually collected after discounts, excluding tax and refunded amounts. This applies to qualifying initial subscription payments and subsequent qualifying renewals. Commission is rounded down to cents per invoice. Zero-dollar payments earn no commission.
If qualifying fees are US$14, your commission is US$2.80. These examples use amounts after discounts and excluding tax; actual commission depends on eligible payments.
Becoming an affiliate does not automatically waive your own subscription fee. If you are also an eligible customer, you may use Refer & Save for separate friends. Existing referrals retain the reward type fixed at signup.
Know when your earnings are ready.
Released balances of at least US$50 are eligible for monthly owner-approved payouts. Lower balances carry forward. Agree the payout method and recipient details with Shadow support before payment. Transfers are manual, with a completed-transfer receipt recorded.
When a payment changes
Refunds and disputes can hold or reverse the affected rewards. Reversals of commission already paid are recovered from future earnings; Shadow does not automatically debit your bank account.
Suspension prevents new affiliate referrals and awards. Existing records remain available for review.
Clear attribution. Protected identities.
- Your signup choice is retained. The first valid code captured in your signup session is kept unless you explicitly edit or remove it before creating the account.
- Friend identities stay private. Referrers see masked friend identifiers and financial reward status, not your email, broker details or trading history.
- Shared payment methods may need review. Payment-instrument reuse can put rewards on hold for owner review. Shared identity evidence is reviewed rather than automatically rejecting family referrals.
- Accounting records are retained. This includes referral ownership, payment evidence, hashed payment-instrument identifiers, decisions and payout receipts.
Signup without a code remains available. If attribution was not recorded, contact Shadow support before your first payment.