Today you’re going to learn how to get free shares of stock with the Robinhood free stock promotion.
Robinhood is a commission-free investing app for your phone.
Once you are approved and link your bank account, you’ll earn a specified dollar amount and be able to pick your gift stock from a list of 18 of America’s leading companies.
You can use the cash value toward fractional shares of the companies offered. Fractional shares are pieces, or fractions, of whole shares of a company. The list of companies you can choose from are selected by market cap for their respective sectors.
The cash value you receive could be anywhere between $5 and $200. Keep in mind that approximately 98% of the participants will receive a reward having a value from $5 to $10. You can use this reward to claim a fractional share of a stock.
Advertiser Disclosure: Please note that some of the links below are affiliate links and at no additional cost to you, I’ll earn a commission. Know that I only recommend products and services I’ve personally used and stand behind.
What is Robinhood?
The Robinhood investing app easily allows you to invest in companies you love, ETFs and cryptos, all commission-free.
You can invest with Robinhood even if you don’t have a whole ton of money in your bank account.
It was rated number one in our best investment apps for being the best app for commission-free trades. As a Millennial, you’re Roinbhood’s target audience and they do a great job of gamifying the trading experience on the app.
There’s no fee to open your account and no account minimum requirement. Plus, it's one of the brokerages that allow you to buy Bitcoin if you want to diversify your own portfolios.
How Does Robinhood Work?
Robinhood allows users to make free stock trades with $0 transaction fees. I signed up through a friend and received a free stock through the Robinhood Free Stock Promo. It’s totally legit and just by signing up, I got one share of SIRI absolutely free.
Signing up for Robinhood is similar to other investing apps. The sign up process was easy. You’ll likely want to sign up and claim a free stock.
Is a Robinhood Free Stock Promotion Worth It?
Life is like a game of chess. You need to know which smart moves to make, especially with your personal finances.
For example, If you found a crisp 5 dollar bill on the ground, would it be worth your time to bend over and pick it up?
That same analogy can be applied here. To get a free reward stock all you would need to do is download the Robinhood app through this link and be a new user. It's 100% free and legit.
The value of the free share may be anywhere between $5.00 and $200, and fluctuates based on market movements. Sign up through here.
More information on the Robinhood free stock promo below:
Robinhood Free Stock Promo Details
If you wanted to sign up to get a free stock here is what you have to do to get a free share.
- Sign up for a new account through this link.
- Verify your email address
- Install the Robinhood app on your phone
- Claim your free share. You can do this in the Robinhood app.
- Link your bank account to get the money out and fund your account
- Share your referral link with friends to get more free shares!
I signed up and received my free share in less than 48 hours so you shouldn’t have any problem with it.
The share will take a couple of days to settle so you need to wait a bit before you sell. Also, you need to keep the cash in your account for 30 days.
Let me know what stock you end up getting!
How Does Robinhood Choose Which Free Stock I Get?
To entice new users, Robinhood prioritizes the most well-known stocks bought on its platform to provide to new customers. The typical priorities include large market-cap names with a lot of trading volume.
Robinhood's “settled shares” are chosen at random from the company's stock holdings.
The system's unpredictability makes it hard to predict the average value of the share you will get. On its website, Robinhood offers a guess.
They do mention: Keep in mind there is an approximately 98% chance of the stock bonus having a value of $5.00-$10.00.
How Much Are Robinhood Free Stocks Worth?
The free stock can be worth anywhere from $5.00 to $200!
According to the website, Robinhood made a point about the worth of the free stock by stating that 98 percent of the stocks offered will be worth between $5.00 and $10.00.
According to the company's website, there's a 2% chance that the stock bonus will be worth $10 – $200.
It does not imply that obtaining the stock you desire is impossible.
Despite the fact that it is a poor probability, Robinhood's free stock trading service is a win-win situation for all investors who open an account with the investment app.
How Robinhood Promotions Work
Another benefit of Robinhood's offers is that your referral link is never altered. It's the same invite link you've been giving out for a while.
So you can invite friends and receive free stocks for doing so! You may send out your Robinhood referral program link by text, email, Facebook, Twitter, and other channels.
The only distinction is the incentive you receive, your friend's incentive, and withdrawal restrictions.
What you'll observe above is a list of all the current offers that they're running. Because they are a startup, they alter things up on a regular basis, so what you see will differ based on your account.
Best Free Stock Promotions
There are other free trading apps that have free stock promotions:
Currently, Webull offers the opportunity to get a free stock worth between $8 and $1,600 if you open your account and deposit at least $100. You can trade EFTs, stocks and options for free through the Webull app or their site.
M1 Finance offers the opportunity to get a free stock worth $30 when you sign up for an account. After creating an account for free and depositing money, you set your stock and index selections and have M1 Finance automate your investments on your behalf.
Acorns is a financial app available via iOS and Android phones. This app rounds up your purchases on linked credit cards to the nearest dollar and invests that amount for your future. You will get $15 when you sign up for a new account with Acorns. Acorns also allows you to earn cash back on your everyday purchases at select stores. You can set up your cash back earnings as recurring investments.
Public is another referral bonus app that will give you a $10 free sign-up bonus for creating a new account.
Pricing for Robinhood
Investing with Robinhood is commission-free, now and forever. They don’t charge you fees to open your account, to maintain your account, or to transfer funds to your account.
However, self-regulatory organizations (SROs) such as the Financial Industry Regulatory Authority (FINRA) charge them a small fee for sell orders:
- SEC fees: $22.10 per $1,000,000 of principal for sells only.
- FINRA trading activity fee: $0.000119 per share (equity sells) and $0.002 per share (options sells). Maximum fee: $5.95.
Additionally, if you choose to upgrade to Robinhood Gold, you gain access to premium features such as professional research and Level II market data, and instant transfers up to your Portfolio Value starting at $5,000 (up to a max of $50k), rather than just $1,000 with a standard instant account.
Additionally, if Robinhood approves your account for margin trading, you will be able to trade on margin with Gold.
If you upgrade to Robinhood Gold, you’ll pay $5 every 30 days in addition to interest on your margin trades.
If you use more than $1,000 of margin, you’ll pay 5% yearly interest on the amount you use above $1,000.
The reason why Robinhood is so great is that it offers an easy-to-use platform for beginners to start investing in the stock market.
Usually, it would be a long and tedious process to join a brokerage and figure out how to buy GME.
Using Robinhood makes it simple to purchase stocks, buy options, buy cryptocurrency like Bitcoin, get news and alerts, create watchlists and all commission-free.
How Does Robinhood Make Money?
So how can they offer free trading? According to Investopedia:
Robinhood Markets is a discount brokerage that offers commission-free trading through its website and mobile app. The company generates significant income from payments for order flow, a common although controversial practice whereby a broker receives compensation and other benefits for directing orders to different parties for trade execution. Robinhood refers to this revenue as “rebates from market makers and trading venues.”
While the payments are negligible for small retail trades, a company that directs billions of dollars in trades to market makers can earn substantial amounts.
But, to the little guy that doesn’t really matter. So let’s move on.
Robinhood's Free Stock Promotion FAQs
No, each person is only allowed one Robinhood brokerage account.
If you signed up after tapping on the free stock link but didn’t receive a stock, please contact Robinhood here to see why you did not receive your Robinhood bonuses.
Robinhood will add 1 share of free stock to your account when you link your bank account and fulfill the conditions in your promotion. You do not need a referral code, just a valid referral link. You’ll be able to keep the stock or sell it after 2 trading days. The shares of free stock are chosen randomly from its inventory of settled shares. Because the shares are chosen randomly, you may not receive the same stock as others. The value of the share at the time of purchase may be anywhere between $5.00 and $200, and fluctuates based on market movements.
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Robinhood Free Stock Terms & Conditions
Eligibility. The Fractional Stock Reward Offer is only valid for two groups: (1) new customers of Robinhood who have never previously had a Robinhood brokerage account, apply for and are approved for a Robinhood brokerage account, link their bank to their Robinhood brokerage account, and are Robinhood customers in good standing (“Eligible New Customer”), and (2) existing qualifying brokerage clients of Robinhood who successfully refer an Eligible New Customers. Referrers who are already customers in good standing of Robinhood will become eligible when they share their Robinhood-provided referral code with a personal friend who is an Eligible New Customer. You may choose to share your referral code with your contacts by accessing the Robinhood app, and you can send a text message to your contacts that contains this referral code and a brief message that your contact can join Robinhood and get a reward stock. Anyone who does not meet the conditions in this paragraph is not eligible for this Offer. Robinhood may decline requests to enroll in the offer without notice and at its sole discretion.
Offer. For eligible customers, Robinhood will provide a certain dollar amount of rewards, and the eligible customer must use that dollar amount entirely on purchases of whole or fractional shares of stocks that Robinhood makes available through this program. The 18 stocks that are available to choose from are selected by choosing the two largest S&P 500 companies within the top 9 sectors based on market cap per 03/16/2022 data shown by TradingView, an unaffiliated entity. Occasionally, Robinhood’s inventory of settled shares may not include any given stock among this group for various reasons, including if Robinhood is out of inventory for any given stock or fractional stock. Neither receipt of a share or a fractional share of stock through this program nor identification of a particular security in communications related to this program constitutes a solicitation of the security, investment advice or recommendation of any security, transaction, account type, investment strategy involving securities, or order. The cash value that an eligible customer receives that must be spent on stocks available in this program is between $5 and $200. Approximately 98% of participants will receive a cash value of $5-$10; approximately 1% of participants will receive a cash value of $10-$20; and approximately 1% of participants will receive a cash value of $20-$200. All eligible customers who fulfill the conditions of this program will receive a cash value that they can only use to purchase whole or fractional shares pursuant to this program.
For the pricing of fractional shares, Robinhood will endeavor to price fractional shares at the last trade price. While Robinhood endeavors to price fractional shares as of the time that the reward is claimed, there may be a small lag time, such as a minute, between when the reward is claimed and the fractional shares are priced.
Limitations. Rewards will be credited only if the referred Robinhood brokerage account is approved and the reward is claimed within 60 days through the Robinhood platform. Rewards that are not claimed within 60 days will expire. The reward, when combined with the value received from all other offers in the current calendar year, may not exceed $1,500 per household per year. In the event that Robinhood determines in its sole discretion that there may have been fraudulent activity or a violation of these Terms in connection with the stock referral or the referred customer’s Robinhood brokerage account, Robinhood reserves the right to either decline to grant the whole or fractional share stock reward, or to rescind or liquidate the stock or any related dollar proceeds if the customer sells their stock reward. Limit one offer per qualified referral with a maximum of one brokerage account per referred client. Stock reward will be credited to the enrolled brokerage account within approximately one week after the reward is claimed, though this timeline may be delayed in Robinhood’s sole discretion if, for example, Robinhood determines that there is indicia of fraud or a violation of these Terms. Shares or fractional shares from stock rewards cannot be sold until 3 trading days after the reward is granted. The cash value of the stock reward may not be withdrawn for 30 days after the reward is claimed. Robinhood cannot provide information about someone else’s account or application status. Robinhood reserves the right to decline to grant or rescind a stock reward if Robinhood determines in its sole discretion that there are images or speech in connection with the referrer's referral link that are inaccurate, misleading, offensive, or violates community standards; or infringes on Robinhood's intellectual property rights, constitutes a domain name, creates the potential for confusion as to whether the page or content in question is Robinhood’s, or is otherwise improper. Robinhood reserves the right to change the offer terms or terminate the offer at any time without notice. The offer is not transferable, saleable, or valid in conjunction with certain other offers and is available to U.S. residents only. Employees, contractors, or persons similarly associated with Robinhood or a Robinhood affiliate; members of their household; employees of any securities regulatory organization or exchange, employees of market makers, and registered representatives or any broker-dealer are not eligible. The offer is only available for personal use, and may not be used for commercial purposes.
Fractional shares are illiquid outside of Robinhood and not transferable. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section of Robinhood Customer Agreement. Other restrictions may apply.
Taxes. Taxes related to this offer are solely your responsibility. Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt of a stock reward before enrolling. For taxable accounts, the value of all Robinhood offers received may be reported as Other Income on a Form 1099-MISC where required by applicable rules and regulations.