- Robinhood is providing new users with up to $1,700 in free stock in the first year, along with ongoing opportunities to earn up to $1,500 annually through referrals.
- The platform offers regular and retirement accounts, and users opening and contributing to a traditional or Roth IRA receive a 1% match on contributions.
- While Robinhood makes money through subscriptions and order flow, accounts are insured by the U.S. government for up to $500,000, providing a sense of security for users.
ALERT: 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!
ALERT: After the uproar caused by the Silicon Valley Bank collapse, many investors are left wondering whether their money is safe. When you open a Robinhood IRA, your money is protected by the SIPC up to $500k, which includes $250k coverage for cash.
- PLUS, with a Robinhood IRA and Robinhood brokerage account, your IRA contributions are matched at 3% and you can earn up to $1,700 a year in FREE STOCK in your brokerage account through referrals!)
Robinhood is offering free stock promotion, enabling new users to receive up to $1,700 in free stock during your first year.
In this article, we’ll guide you through maximizing your free stocks from Robinhood upon opening a brokerage account. And we will tell you where to get the most dependable stock picks to help kickstart your portfolio.
Join the over 23,000,000 investors that are now using Robinhood.
What You Get for Free With Robinhood
The relatively new brokerage app, Robinhood, has quickly reached 23,000,000 users by giving these things away for free:
- Commission-free trading of U.S. stocks, ETFs and cryptos.
- Free cash ($5-$200) when you open a Robinhood account and link your bank account.
- More free stocks (up to a $1,500 per year) for both you and any friend you refer from your promotional link.
- 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?
Welcome to Robinhood’s growth and marketing strategy! They don’t spend their advertising dollars on 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.
Is this Truly Free?
To enjoy Robinhood’s initial complimentary stock offering, you need to use one of their promotional links and then fund your account with a minimum deposit of $1. Following this procedure ensures the acquisition of your initial free shares, valued between $5 and $200.
Then when you refer your friends with YOUR Robinhood referral link, YOU will get more free stocks, and THEY will get their first free shares (when your friends fund their accounts with at least $1). 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 February 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 $200 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?
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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 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)
- 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
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, and you will land on a page like the one below…
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.
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 spend your free cash on a list of 20 stocks that Robinhood provides you. 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 fractional shares 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 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 personalized referral link via text, email, Facebook, Twitter, or various other platforms. Upon your friend’s utilization of the referral link, a notification will promptly reach your phone.
- Navigate to your ‘Past Invites’ in your Robinhood account to seamlessly claim your 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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This stock newsletter has outperformed the market by over 38% each of the last 5 years.
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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.
The most effective way to grasp the intricacies of the stock market is through hands-on experience, actively participating rather than passively observing.
What better way to learn than by testing the market with free funds? Consider the prospect – an opportunity where you stand to gain without any inherent risk.
Embarking on your investment journey in the stock market is a pivotal step towards wealth-building, and Robinhood offers an ideal platform for dipping your toes in the waters. The ability to experiment with free stocks presents a risk-free entry point.
Should the initial free stock selection not align with your preferences, the flexibility to sell and invest in stocks of your choosing is at your fingertips.
Even if you are not familiar with stock trading, this promotion is tailor-made for you. Seize the chance to explore and learn without any financial commitment.
Do not let this opportunity slip by, 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?
Once you sign-up, be sure to come back and let us know what you got!