Article Summary:
- Learn how you get get up to $1,700 of free stock when you open a Robinhood account; and how you can get another $1,500 each year thereafter.
- Robinhood also offers regular and retirement accounts, and users opening and contributing to a traditional or Roth IRA can also receive a 1% match (free cash).
- In case you are wondering, Robinhood makes its money through subscriptions-that you don’t necessarily need unless you have lots of cash in your account.
- Robinhood accounts are insured by the U.S. government for up to $500,000, so your money is safe.
- Only certain Robinhood pages offer the free stock. Visit THIS page to be eligible for your free stock!
Please note: This Robinhood offer only applies to U.S. citizens, permanent residents or those with a U.S. visa. For non-US citizens looking for a great stock app, read our eToro Review!
Robinhood is offering free stock promotion, enabling new users to receive up to $1,700 in free stock during your first year.
This article will show you how to maximize your free stocks from Robinhood when you open a new Robinhood brokerage account. And then we will tell you where to get the best stock picks to help start your portfolio in the right direction.
Join the over 23,000,000 investors that are now using Robinhood.
What You Get for Free With Robinhood
For a relatively new brokerage app, Robinhood has quickly reached 23,000,000 users as being the first stock brokerage service to give these things away for free:
- Commission-free trading of U.S. stocks, ETFs and cryptos.
- Free cash ($5-$200) when you open your Robinhood account and then link your bank account.
- Additional free stocks (up to a $1,500 per year) for both you and friends you refer from your personal referral. You can keep referring friends until you hit the $1,500 per year limit.
- That’s up to $1,700 in free stock your first year, and up to another $1,500 every year thereafter. So next year, you can refer more people and get more stocks too!
How would you like to have all that for free?
This is Robinhood’s advertising and growth strategy! They don’t spend any money buying the normal print or TV ads, or even on online ads. Rather, they let YOU advertising for them and they spend their money on giving away free stocks to users that open accounts and then share the word with their friends.
Is this Truly Free?
To enjoy Robinhood’s initial complimentary stock offering, you need to use one of their promotional links (see top of page) and then fund your account with a minimum deposit of $1. Following this procedure ensures the acquisition of your initial free share, valued between $5 and $200. I actually got a share of Microsoft back when it was like $150.
Then if you click your profile button on the app, you will see your personal referral link. Share this referral link with your friends, and when they click on your link, download the app, and then link their bank account YOU will get more free stocks, and THEY will get their first free shares. That’s it. No real catch other than that.
How does the Free Stock Promotion Work?
Here’s exactly what it says from the Robinhood website and the details of this offer:
Once you are approved and link your bank account or debit card, you’ll earn a specified dollar amount and be able to pick your gift stock from a list of 20 of America’s leading companies. You can use the cash value toward shares of the companies offered.www.Robinhood.com/us/en/support.
But here is the one thing you have to understand. Notice it says “between $5 and $200 cash value.” Robinhood’s current offer as of October 2024 says most will receive a value of between $5 and $10. Two years ago, however, one of my stocks that I got for free was Microsoft, back when it was about $150 a share. So they absolutely do give stocks up to $200.
Best of all, since Robinhood does NOT charge a commission, if you don’t like the stocks you are getting for free, just sell them and buy what you want. You should definitely take advantage of this Robinhood Free Stock Giveaway!
Once You Open Your Robinhood Account and Add Cash, Then What?
Once your Robinhood account is open, have a plan and consider getting some real advice from sources that have proven track records.
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How do you Maximize Your Free Stock from Robinhood?
This is precisely what we will present you within this blog post…..
How to take advantage of …Robinhood’s free stock promotion.
Robinhood Overview
Robinhood is a free-trading app that allows you to trade stocks without paying commissions.
Instead of paying $8 to your brokerage per transaction, you can trade 100% free of charge.
With Robinhood, you can buy and sell the following types of securities:
- Shares of any U.S. stocks
- Exchange-Traded Funds (ETFs)
- Cryptocurrency
- And more!
Robinhood offers regular, taxable brokerage accounts as well as tax-advantaged retirement accounts.
When you open and contribute to a traditional or Roth IRA, Robinhood will match 1% of your contributions!
We ourselves have been using Robinhood for over five years now and have never once had an issue. In 2014 we opened a Robinhood account, connected it to our checking account, and transferred $500. We got our free stock as promised. We then made a few trades, referred our friends, got more shares for free, then sold a few stocks, and then transferred cashback to our checking account. No problems. No delays. Worked like a charm.
Since then, we have added more cash, and we now have made over 200 trades–no worries.
With Robinhood, you can buy shares of stock without worrying about transaction fees.
There are no arbitrary account minimums – so you do not need thousands of dollars to invest. You can open your account with just $10.
And remember, the earlier you start investing, the better off you will be in the future.
How Do I Get up to $1,700 in FREE STOCK with Robinhood?
To open a Robinhood account, all you need is your name, address, and email. If you want to fund your account immediately, you will also need your bank account routing and account number.
As its current promotion, Robinhood will immediately give you FREE MONEY (between $5 and $200) to invest in a set list of stocks when you open a new account if you click on the promo image below. Then, once your account is open, you will be given your unique referral link. You will receive more free investing money (again valued at $5 to $200) for each person you refer. The more people you refer, the more you get up to a max of $1,500 a year. Click on this promo below to start your Robinhood account application and get your first stock for free…..
Bonus Tip: Use this link to get free investing money ($5-$200) when you open and fund your account with at least $10: sign up for Robinhood today, you’ll get a deposit to your Robinhood account between $5 and $200. You can invest this money in stocks of your choosing from a list of 20 stocks. FURTHERMORE, for each friend that you refer, you will receive MORE free investing money up to $200. This is perfectly legit and you WILL get more free shares for every friend or family member you refer.
Why do they give away so much free stock? Because they spend their advertising dollars this way instead of buying TV, radio, print, or online ads! They WANT you to refer friends!
We also like how this app appeals to younger investors because you can use it on your smartphone.
This means you can view your investments and make trades anywhere and anytime.
Sounds pretty good, right? But you may be wondering how is all of this possible?
How does Robinhood Make Money if You Trade for Free?
You may be skeptical about how a company can offer free stock trading?
First, Robinhood makes money by charging a monthly fee if you upgrade your account to a Robinhood Gold account. With Robinhood Gold, those who upgrade can invest $1000 on margin for free, and invest on margin with a lower interest rate for amounts over $1000.
They also get access to “after-hours” trading, as well as a higher APY on the brokerage cash sweep program, bigger instant deposits, and more in-depth research and market data. In short, Robinhood Gold is similar to a margin account with some fantastic extra features. A margin account allows you to borrow money to invest.
However, if you are new to investing (or have never heard of a margin account), you probably should not borrow money to invest!
Secondly, Robinhood accepts payment for order flow, which means that they route your trades to certain market makers in exchange for a fee.
Thirdly, Robinhood also does not pay interest on your account balance which represents another way for the company to make money. However, Robinhood DOES offer an optional brokerage cash sweep program that takes your uninvested cash and places it in several banks to allow you to earn interest.
So, is this business model sustainable? Only time will tell! But with 10,000,000 customers, the answer has got to be YES. Also, keep in mind the company is backed by some of the biggest Venture Capital funds on the West Coast, so they have plenty of access to funding.
But if the company were to go out of business, you would be able to transfer your shares or cash out because the accounts, like all bank accounts, are insured by the U.S. government for up to $500,000.
So, no matter what Robinhood does – you are good!
Bottom line: Robinhood trading is free (in every sense)!
How to Get Your First Free Share of Stock
You just need to sign-up and receive your free stock – but we are here to walk you through this process.
Step 1: To be eligible for this offer, you must be new to Robinhood and your must be a U.S. citizen.
Additional details…
- If you have an account, you are not eligible for this offer. Creating a second account is not an option (sorry).
Step 2: You must sign-up for Robinhood using THIS referral link, and you will land on a page that says “blah blah blah--and your first stock is on us.“
After you follow the referral link, you will need to provide some standard information:
- Name
- Address
- Social Security Number
- Date of Birth
But do not be afraid to give this info– any brokerage account will require this information.
From there, the app will prompt you to link a bank account to your new account.
This is an app-based platform, so you will need to download the app!
Lastly, you’ll just need to transfer at least $10 into your new Robinhood account to qualify for the offer.
Robinhood will add between $5 and $200 in cash to your brokerage account when your brokerage application is approved.
Then, you can take your free cash and pick from a variety of 20 stocks. The list of 20 stocks is made up of the largest two companies in each of the top 10 sectors of the S&P 500. You can buy also buy a partial share of as many of these stocks as you’d like, or just invest all the cash in one stock!
How to Get up to $1,700 in Free Stock
You can receive up to another $1,500 PER YEAR in free stocks when you refer friends.
You can earn more free stock simply by referring your friends and family to this app.
The process is simple:
- Share your referral link however your want with your friends. Upon your friend’s clicking of your referral link (and installing the app and linking their bank account), a notification will appear on YOUR Robinhood app to CLAIM FREE STOCK.
- It is essential to act promptly, as there is a 60-day window to secure your complimentary stock before expiration. The free shares of stock will then be deposited directly into your account.
- After three trading days, you gain the flexibility to sell your free shares. The option to cash out your complimentary funds becomes available 30 days after the initial claim.
What is Your Free Stock Worth?
So, you are likely wondering, “Do I get to pick my free stock?”
When you claim your cash through this offer, you can invest it in a list of 20 stocks provided by Robinhood. You can invest all the money into one stock, or buy fractional shares of as much money as you’d like.
- 98% of the cash amounts earned through the offer are between $5 and $10
- The remaining 2% of rewards are cash payments between $10 and $200.
- 100% chance of getting FREE cash for each friend that signs up!
As for the value of each share, that highly depends on the movement of the market.
But even if you receive a deposit of $10 or less – it is still free money!
And if you don’t like the stocks you pick from the list—SELL THEM and BUY WHAT YOU WANT! Remember, there is no commission!
What Stocks Should I Buy with my Robinhood Account?
Once you have your account open and you have put some money in your account, the next decision is to determine what stocks to buy.
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For the last 20 years, we have subscribed to dozens of stock newsletters and tracked their recommendations. We now know, without a doubt, which stock newsletter is the best. In fact, for the last 5 years, we have bought everyone one of this service’s stock picks in our real brokerage account.
This stock newsletter has outperformed the market by over 38% each of the last 5 years.
Follow this link to read our Review of The Motley Fool to see if it is worth it.
Is Signing up for Robinhood Worth Your Time?
Opening a Robinhood account takes less than 3 minutes. It provides free opportunity for individuals to venture into stock trading with a low barrier.
Should the initial free stock selection not be one of your favorites, you have the flexibility to sell and invest in stocks of your choosing is at your fingertips.
Do not let this opportunity pass youby, as Robinhood stands out as one of the few companies currently providing free shares, and the availability of such promotions may change unpredictably. Additionally, the potential to earn up to $1,500 in free stocks through referrals enhances the overall benefit.
Are you ready to sign-up for Robinhood and get your free stock?