Do you love free stuff? I think everyone should respond with a resounding ‘YES.’
The relatively new brokerage app, Robinhood, has quickly reached 10,000,000 users by giving these things away for free:
- Commission-free trading of U.S. stocks, ETFs and cryptos.
- A free stock (up to $500 value) when you open a commission-free brokerage account.
- And, more free stock (up to another $500 value) every time one of your friends opens a Robinhood account from your promotional link.?
How would you like to have all three for free?
Welcome to Robinhood's growth and marketing strategy! They don't spend their advertising dollars TV commercials, print advertisements or even on online ads. Rather, they spend their money on giving away free stocks to users that open accounts and then share the word with their friends.
But I know what you are wondering… is all this truly free?
“Truly free” means a 100% legitimate, no-strings-attached offer.
Well, the only catch with Robinhood is you have to click on one of their promotional links to get your first free stock, and then you have to fund your account with at least $10. Only then will you receive your first free random stock. Then when you refer your friends with YOUR promotional link, YOU will get another free stock and THEY will get their first free stock (when your friends fund their accounts with at least $10). That's it. No real catch other than that.
Best of all, since Robinhood does NOT charge commission, if you don't like the free stocks you are getting, just sell them and buy what you want. Not sure what to buy? Read our review of the Best Stock Newsletters.
So How do you Maximize Your Free Stock from Robinhood?
This is precisely what we will present you with in this blog post…..
How to take advantage of …Robinhood’s free stock promotion.
Free stuff is great, but surely you want to hear more about Robinhood before you sign-up.
So, in case you haven't heard…
…Robinhood is a free trading app that allows you to trade stocks without paying commissions or fees.
Instead of throwing $8 to your brokerage per transaction, you can trade 100% free of charge.
Are transaction fees ever worth the cost? RARELY!
With Robinhood, you can buy and sell the following types of securities:
- Shares of any U.S. stocks
- Exchange Traded Funds (ETFs)
- And more!
We have been using Robinhood for over three years and have never once had an issue. In 2017 we opened a Robinhood account, connected it to our checking account, and transferred in $500. We then made a few trades, sold a few stocks, and then transferred cash back 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.
The app is very popular with new investors (they now have over 10,000,000 accounts and now have more accounts than ETrade).
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. Open your account with just $10 today!
And remember, the earlier you start investing, the better off you will be in the future.
So How Do I Open a Robinhood Account and Get up to $1,000 in FREE STOCK?
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 is giving away a FREE STOCK (valued at $5 to $500) to anyone that opens a new account this month if you click on the promo image below. Then, once you open and fund YOUR account with at least $10, you will receive more free stock (again valued at $5 to $500) for referring your friends and family. The more people you refer, the more free stock you get. Click on this promo below to start your Robinhood account application and get your first FREE stock.....
Bonus Tip: Use this link to get a free stock (up to $500 value) when you open and fund your account with at least $10: sign up for Robinhood today, you'll get a free stock (up to $500 value!) FURTHERMORE, for each friend that you refer, you will receive ANOTHER free stock valued at up to $500. This is perfectly legit and you WILL get more free stock 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 traders anywhere and anytime.
Sounds pretty good, right?
But you may be wondering…
…how is all of this possible?
How can You Trade for Free?
Are you skeptical about how a company can offer free stock trading?
We were skeptical, too.
So, how can Robinhood possibly offer free trades?
First, Robinhood makes money by charging a monthly fee for their Robinhood Gold account for those who chose to upgrade. With Robinhood Gold, those who upgrade can invest up to double their cash. They also get access to “after-hours” trading. In short, Robinhood Gold is similar to a margin account. 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!
Second, Robinhood also does not pay interest on your account balance which represents another way for the company to make money.
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)!
Here is How to Get Your First Free Share of Stock
To put it simply, 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.
- 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.
After you follow the referral link, you will need to provide some standard information:
- Social Security Number
- Date of Birth
But do not be alarmed – any brokerage account will require this information.
From there, the app will prompt you to link a bank account to your new account.
You are not required to enter your banking information to qualify for this offer; however, if you plan to use the Robinhood app this will be helpful.
Lastly, this is an app-based platform so you will need to download the app!
Robinhood will add 1 share of free stock to your account when your brokerage application is approved.
You can choose to keep the stock or sell it after 2 trading days.
Here is How to Get up to $500 in Free Stock
Why stop after one free share?
Okay, okay – these shares are not necessarily no BS “free” by our definition.
But with minimal effort, you can receive up to $500 in free shares of stock.
You can earn more free stock simply be referring your friends and family to this app.
You can share your referral link via text, e-mail, Facebook, Twitter, and several other methods.
Once your friend uses your referral link, you will get a notification straight to your phone.
From there, you can log into your Robinhood account and go to your ‘Past Invites’ to claim your free stock.
But act quickly – you have just 60 days to claim your free share before it expires for good!
However, the free shares can be deposited directly into your account.
Additionally, you can sell your free shares after two trading days.
You can sell and cash-out your free share 30 days after claiming.
What is Your Free Stock Worth?
So, you are likely wondering, “Do I get to pick my free stock?”
Common sense would tell you ‘no,’ given the per share value of certain stocks.
However, I can give you the odds of landing certain stocks that may especially interest you:
- 1 in 90 odds of getting Facebook, Apple, or Microsoft
- 1 in 150 odds of getting Ford, Spring, or GoPro
- 100% change of getting a free share of stock 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 share worth $10 or less – it is still free money!
And if you don't like the stock you get—SELL IT and BUY WHAT YOU WANT! Remember, there is no commission!
Here are the approximate odds of receiving shares within certain monetary values:
- 98% chance of getting free stock with a value between $2.50 and $10.
- 1% chance of getting free stock with a value between $10 and $50.
- 1% chance of getting free stock with a value between $50 and $500.
Some of the stocks we have seen people receive include:
- Home Depot
- Rite Aid
- Office Depot
So, definitely plenty of “brand names” to be had when you redeem your free shares.
The shares of free stock are chosen randomly and are from Robinhood’s inventory of settled shares.
Is Signing up for Robinhood Worth Your Time?
Given that it takes all of 3 minutes to signup—-of course it is worth your time.
We all have Robinhood accounts and really like the app.
We like this promotion because it gives people a free introduction to stock trading.
What is the best way to learn the stock market?
By getting your hands dirty, of course. The best way to learn is by doing – not simply watching!
If you learn by doing, wouldn’t you like to test out the market with free money?
Think about it…
…you have nothing to lose.
Starting to invest in the stock market is the best thing you can do to start building wealth. Robinhood is the best way for you to get your feet wet!
If you don't like the free stock you get–no problem! Just sell it and buy the stock you want!
Even if you are clueless when it comes to stocks, that is the PERFECT reason to take this opportunity.
Do not miss out on this promotion because Robinhood is one of the only companies giving away free shares (and you never know when they might stop).
And don’t forget – you can receive up to $500 in free shares by referring friends.
Are you ready to sign-up for Robinhood and get your free stock?
Once you sign-up, be sure to come back and let us know what you got!