Reaching financial independence requires sound decision-making, determination, and effort. However, we can also use a little luck to work in our favor. In that case, learning to invest in stocks is paramount, but why not enlist some help to get us started by scoring some free stocks?
Believe it or not, several companies offer free stocks online through their services and apps. For those interested in getting some of the most popular stocks in their portfolio for free, consider reviewing the services listed below and see how you can earn free stocks with minimal effort.
This article looks at the best ways to get free stocks from investing and trading apps, which you can choose to hold for the long-term or sell for a quick profit. Some may even pay dividends which qualify for the passive income tax rates (long-term capital gains).
How to Get Free Stocks for Signing Up
In today’s world, it might seem far-fetched to think anything comes to you for free. In the world of stock investing, you might have found an exception when it comes to finding ways to get free stocks.
Believe it or not, since many new discount brokerages have entered the trading scene, they’ve managed to lure millions of investors to sign up for the services with free trades and free stocks.
Further, some even go so far as to offer free stock charting, analytics, research and more. Their value proposition only continues to grow as they find new ways to monetize services and offer you free shares of stock.
If you want to receive free stock from different brokers, you will need to meet certain criteria. Some choose to give investors free shares by simply opening an account while others require you to take certain actions like making a minimum deposit and making a trade.
Make sure you read the fine print before proceeding but you may find that these free stock shares are only one part of what makes these investing platforms worthwhile. Some even bypass the stock and give you a sign up bonus as an account credit to get you started investing sooner.
Have a look at this following list to see which brokers offer free stocks and sign up bonuses for opening accounts with their platforms.
|App||Rating (out of 5)||Fees||Best For||Promotions|
|Webull||4.7||Free trades||Self-directed investors and intermediate traders||Two free stocks with $100 deposit, valued between $11 - $1,850|
|Diversy Fund||4.6||No fees to invest, No AUM fees||Commercial real estate investors looking for private REITs||$50 Amazon gift card with $500 minimum investment. Use code "Diversy50"|
|Groundfloor||4.6||No fees to invest, No AUM fees||Real estate investors looking for flips||$10 toward first investment|
|Public||4.5||Free trades||New investors with limited capital||$10 free stocks for signing up|
|Robinhood||4.4||Free trades||Basic stock, crypto and ETF investing||3 free stocks with sign up|
|Constant||4.6||Free loan funding||Investors seeking above-market yields||15-day $4,000 trial deposit earning 4% (~$7 bonus)|
|UNest||4.5||$3/month - $6/month||Age-based investments in custodial investment account||Matching bonus with $25 initial deposit ($25 bonus)|
|Stash||4.6||$1/month - $9/month||Young investors looking for a complete personal finance platform||$5 stock bonus for making a deposit of $5 or more|
|M1 Finance||4.3||$0 trading or automated investing||Passive investors||$30 sign up bonus with $1,000 deposit|
|SoFi Wealth: iOS, Android and Desktop||4.6||Free trades||Fee-free active trading and automated investing||Free stock worth between $5 - $1,000|
|Acorns||4.8||$1/month - $5/month||Investors in college looking for a complete personal finance solution||$10 sign up bonus when making first deposit at account opening|
|Firstrade||4.5||Free trades||Mutual fund and target date fund investors||Free account bonus commensurate with contributed funds|
|eTrade||4.5||Free trades||Options traders||Free account bonus commensurate with contributed funds|
|Nvstr||4.2||$4.99 per trade if <25 trades on the platform; $4.50/trade after making 25 trades||Investors seeking a community of engaged investors||Free stock worth between $8 to $1,000|
1. Webull (2 Free Stocks)
- Free stock value: Account Opening and $100 Deposit: $11 – $1,850
- Available via desktop, Apple iOS and Google Android.
Consider Webull as the new kid on the block (launched in 2018) in the online brokerage space. The company offers a free stock trading app, as well as free trades of ETFs, options and cryptocurrencies through their mobile app or desktop site.
In other words, no commissions for the trades you would like to make in your portfolio.
As another added feature to Webull’s commission-free trades of stocks, ETFs and options, Webull also provides powerful tools and reports for in-depth investing analysis useful for making the best decisions with your investments.
For traders, in addition to the commission-free trading benefit, the brokerage offers a subscription to Nasdaq TotalView for $1.99/month, allowing you to see Level II quotes and gain a better sense for the full supply and demand for a stock outside of the national best bid offer (NBBO).
As a special, limited-time offer, all clients who sign up with Webull will receive a 3-month complimentary subscription to Level-2 Market Data.
These advanced quotes will provide you with a deeper look into the market to gain a better sense of market direction and any potential supply and demand imbalances for a security.
In other words, traders using Level II quotes have a visualization of the price range and liquidity (number of shares available for purchase or looking to be sold) at each price level.
Combined with best stock research and analysis apps, this information can be powerful capturing alpha.
If these account features sound attractive, the best part might also come with knowing setting up a Webull account is free and comes with no account minimums you must meet or maintain.
Free stocks, no deposit minimums and no account balance requirements combined with tools and reporting make Webull a great choice for any investor, new or experienced with investing.
As a further bonus, they offer extended trading hours (pre- and after-market trading) and 24/7 online help and now tax-advantaged investments in individual retirement accounts (IRAs).
If all the free listed above isn’t enough, Webull also runs frequent promotions which involve you receiving free stock.
→ How to Get the Webull Free Stock Sign Up Bonus
Currently, Webull has chosen to offer new platform users the opportunity to get two free shares of stock worth up to $1,850 ($11 – $1,850).
To claim this potential bounty, you will first need to sign up through this link, open your account within 24 hours and deposit at least $100.
If you do, you will receive two free shares of stock from Webull. If this sounds like a good use of your time and a platform worth exploring, consider signing up with the link below.
Check out our Webull review to learn more.
2. Diversy Fund ($50 bonus)
DiversyFund is a different type of investment platform from the others listed here. DiversyFund offers investors the ability to purchase multi-family projects.
The company believes the path ot building wealth lies beyond just the stock market. Instead, a diversified portfolio includes access to private market real estate that you hold over the long-term.
The company targets multi-family properties with between 100-200 units and uses the monthly cash flow to renovate and improve the properties’ values.
At the end of an approximate 5-year term, the company finds a buyer and sells the property. You receive cash distributions when the properties sell as the company divides profits amongst investors.
From here, you can choose to reinvest the proceeds or take out the full payout.
→ How to Get Your Free $50 Amazon Gift Card from DiversyFund
As an incentive to make your first purchase on the platform, when you open your account with DiversyFund and begin investing, they offer a $50 Amazon gift card.
To receive your bonus, you will need to sign up through this link, use coupon code “Diversy50,” connect your bank account to fund your account and deposit a minimum of $500.
You will receive your $50 Amazon Gift Card once your purchase goes through in your DiversyFund account.
3. Groundfloor ($20 bonus)
- Free stock value: $20
- Available via desktop
Like DiversyFund above, Groundfloor is a different type of investment platform from the others listed here. Groundfloor acts as a crowdsourced real estate investing platform which focuses on debt investments.
The platform focuses on purchasing fixer-uppers, performing the maintenance and upgrades, and then flipping it for a profit. Groundfloor provides financing for short-term residential real estate loans and pays the platform’s investors interest for lending their funds.
It reviews loan applications and offers investors the ability to fund one it believes will perform.
In exchange, investors receive a set amount of interest from their loan as well as a return of principal. Most loans have a 6-12 month term, but can extend to 18 months.
→ How to Get Your Free Bonus from Groundfloor
As an incentive to open your account with Groundfloor and begin investing, they offer a $20 bonus. To receive your bonus, you will need to sign up through this link, connect your bank account to fund your account and deposit a minimum of $10.
You will receive your $20 investment credit bonus once your deposit settles in your Groundfloor account.
As a further incentive to join, through June 30, 2021, Groundfloor offers $100 for every $5,000 you transfer and invest into your account. The maximum you can earn under this bonus is $1,000.
4. Public ($10 bonus)
Public is another commission-free investing app which caters toward Millennials and Gen-Zers keen on investing in line with their social preferences and with good company.
The stock investing app boasts an increasingly-common feature geared toward younger investors who may not have enough money to buy some pricier shares at one time: fractional investing.
This lines up with the mission of the company: making the stock market inclusive, educational, and fun by allowing people to invest alongside friends and other well-regarded investors.
Much like social media platforms who provide the standard blue check mark logo to verify public figures, Public provides visibility into trade activity and other insights these verified investors wish to provide to the Public community.
To get you started, the service offers a free $10 sign up bonus for making an initial deposit as well as the ability to gift free stock gifts (fractional shares) to referrals you make.
If this sounds like an interesting investing app, open an account and make an initial deposit to see if the app meets your needs.
Other Investment Apps Giving Away Free Stocks
5. Robinhood (3 Free Stocks)
- Free stock value: $2.50 to $500 * 3
- Available via desktop, Apple iOS and Google Android.
If you choose to open an account with Robinhood, you can know you are investing with the brokerage which has led the industry down its current path toward commission-free trading.
Many brokerages now feel the pinch to offer free trades on certain assets in order to remain competitive in the industry.
To learn more about Robinhood’s business model, find the answer to “How Does Robinhood Make Money?”
Robinhood’s app offers a simple and easy-to-use design. There aren’t numerous features called out to distract you from what you are using the app to accomplish: trade commission-free and manage your investment portfolio.
Like Webull, Robinhood has no fees upon account opening and includes no minimum balance requirements. These brokerages have been at the vanguard for eliminating the common barriers associated with investing in the stock market.
Making investing accessible to the masses and educating the population could serve as a step in the right direction for democratizing building wealth.
Finally, Robinhood also was the first to introduce Cash Management, a savings-like account which comes with up to $1.25 million in FDIC coverage. The APR varies with market interest rates but remains in the top tier of competitors.
Like your Robinhood brokerage account, after you make it through the waitlist for this offering, there are no associated minimums for keeping your cash in this account.
→ How to Get 3 Free Stocks on Robinhood
Like Webull and other Robinhood alternatives listed in this article, Robinhood offers an incentive of earning 3 free stocks valued between $2.50 and $200.
To receive your Robinhood free stock, sign up with this link and open your account within 24 hours. Upon approval for your account, you will receive your 3 free shares of stock by playing their pick-a-card game of chance.
6. Constant (Secured P2P Loans), ~$7 bonus
→ How to Get Your Free Bonus from Constant
If this alternative investment platform sounds like something you want to learn more about, consider opening an account and making an initial deposit of $50.
In exchange for doing so, Constant will offer you a $4,000 deposit for 15 days for which you can keep the interest earned during that period.
At a 4% APR, this comes to ~$7 risk free. It also shows you how the platform functions and lets you play with house money. Learn more by reading our Constant review.
7. UNest ($25 bonus)
Parents using UNest have the flexibility to save for all the important life stages that their children will experience — college, first car or a home.
This money app acts as one of the best investments for teenagers because it allows parents to invest in their kids’ names through a custodial account.
UNest offers the UNest Investment Account for Kids through an app that makes it easy for families of all income levels and backgrounds to set up and manage savings and investment plans for their kids.
UNest account holders can receive bonuses for their children’s UNest accounts from companies like brands like Disney, AT&T, Uber, DoorDash, Levis etc through the UNest partner program.
→ How to Get Free Bonus from UNest
For a limited time, new users who open and fund an account with at least $25 will receive a matching $25 account credit to get started on the app.
8. Stash ($5 bonus)
9. M1 Finance ($30 bonus)
- Free value: $30 (only through June 2021 when making a deposit of $1,000 or more)
- Available via desktop, Apple iOS and Google Android.
M1 Finance offers free automated investing as would any robo-advisor. And while it classifies as a robo-advisor in terms of features and functionality, it varies in a few key ways.
For example, services like Betterment assess fees for managing your assets. M1 Finance, on the other hand, does not charge a fee in this manner, making it one of the best stock trading apps for beginners.
Further, M1 Finance also differs in that you select the specific stocks and index funds you invest in for your portfolio or you can opt to choose from 80 plus expert portfolios. Another quirk with M1 Finance is the ability to buy fractional shares.
If your desired stock carries a high stock price, making it hard to finance purchasing an entire share (e.g., Google, Amazon, Berkshire Hathaway Class A, etc.) M1 Finance allows you to buy fractional shares of any investment offered on the platform.
Finally, investing with M1 Finance can be as simple as depositing money, setting your stock and index selections and having the platform automate your investments on your behalf.
Over time, M1 Finance will also rebalance your portfolio in line with your stated asset allocation targets. Regular rebalancing has been shown to improve portfolio performance over time, all things equal.
→ How to Get Your $30 Free Bonus from M1 Finance
Receiving your free $30 bonus from M1 Finance is as simple as signing up through this link. From here, that $30 can be invested according to your preferences established at account sign up.
Further, M1 Finance offers a transfer bonus for those who initiate asset transfers from other brokerage(s) within 60 days of signing up for M1 Finance. The M1 Finance transfer bonus ranges as follows:
- $40 bonus with a transfer of $10,000 – $19,999
- $75 bonus with a transfer of $20,000 – $49,999
- $150 bonus with a transfer of $50,000 – $99,999
- $250 bonus with a transfer of $100,000 – $249,999
- $500 bonus with a transfer of $250,000 – $499,999
- $1,000 bonus with a transfer of $500,000 – $999,999
- $2,500 bonus with a transfer of $1,000,000 – $1,999,999
- $3,500 bonus with a transfer of $2,000,000+
Payments for eligible transfers will be paid 90 days after M1 Finance receives the account transfer.
Read more in our M1 Finance review.
10. SoFi Invest (1 Free Stock)
SoFi Invest is an app that allows you to track and trade your money. The service is the latest from the SoFi financial wellness platform and offers free trades on stocks, ETFs, cryptos and more.
The service allows you to be an active trader by picking stocks on a regular basis or passive through its automated investing service.
The company wants to serve all customers who have an interest in improving their financial situation alongside participating in their other personal finance products like student loans, money management, credit cards and more.
→ How to Get Your Free Stock on SoFi Invest
By opening a Wealth account with SoFi Invest and depositing at least $100, you become eligible for a free sign-up bonus worth $5 – $1,000.
11. Acorns ($10 bonus)
- Free value: $10
- Available via Apple iOS and Google Android.
The app works by investing in tiny increments through rounding up your purchases on linked credit cards to the nearest dollar, making it one of the better money apps for kids and teens.
As an example, if you purchase a $4.25 latte from Starbucks, Acorns will round this amount up to $5 and invest the $0.75 on your behalf if you have automatic roundups enabled on your account.
The idea behind the app is simple: over time, you fit money into your investments through your regular purchases. The service automates your investing through small roundups, masking the decision to invest.
The service takes your contributions and invests them into professionally-created portfolios to ensure your investments align with your financial goals and remain diversified.
This can be a smart way to learn how to invest as a teenager or younger because it builds good lifelong investing habits.
For a small monthly fee (as low as $1/mo), you can use this service. Acorns also offers Acorns Later in addition to Acorns Invest, a service meant to set aside money in an individual retirement account (IRA), one of the best investments for young adults.
Combined, Acorns Invest and Acorns Later only costs $2/mo until you have $1,000,000 in assets under management. Further, you can also sign up for an Acorns Spend checking account that will allow you to earn and save more money.
→ How to Get Your Free Bonus from Acorns
To entice people to begin using their product, Acorns offers a $5 bonus when you sign up for a new account. After completing your signup, Acorns will deposit $10 into your account. From there, it can be invested according to your stated preferences.
- Free stock value: $25 – $600
- Available via desktop, Apple iOS and Android App on Google Play.
Firstrade is a leading online brokerage firm offering a full line of investment products and tools designed to help investors improve their financial position through sound investing practices.
Firstrade provides high value and quality services meant to inform your investing strategies and build long-term wealth. And it does so with free trades.
Firstrade combines proprietary trading technology with an intuitive user interface, available customer service and sleek mobile applications.
In short, the platform offers access to over 11,000 different investments, including index funds, stocks, bonds, target date funds, mutual funds, and more.
Firstrade offers a comprehensive solution for all of your investing needs, whether you are just learning how to start investing money or an active day trader, Firstrade commits itself to excellence and putting customers first.
→ How to Get Firstrade Free Stocks and a Sign Up Bonus
Getting a free deposit bonus from Firstrade is simple – follow this link to open your account and make a deposit, transfer or rollover into your account. The Firstrade sign-up bonus ranges as follows:
- $25 bonus with a deposit/transfer/rollover of $5,000 – $9,999
- $50 bonus with a deposit/transfer/rollover of $10,000 – $24,999
- $100 bonus with a deposit/transfer/rollover of $25,000 – $49,999
- $200 bonus with a deposit/transfer/rollover of $50,000 – $99,999
- $300 bonus with a deposit/transfer/rollover of $100,000 – $249,999
- $600 bonus with a deposit/transfer/rollover of $250,000 or more
If you’d like to earn free stocks from Firstrade, you can refer your friends to the platform. Both of you will receive a free stock after your friend’s account receives approval.
The free stock comes from a randomly selected company determined by an algorithm used by Firstrade. The value of any share may fall between $3 and $200, which can fluctuate with movements in the market.
The company chooses stocks from the most popular ones traded on Firstrade and offers you a 1:100 chance of receiving a share from Apple, Facebook, Bank of America, AMD and more. You can receive up to $500 in free stocks from referring your friends to Firstrade.
- Free stock value: $25 – $2,500
E-Trade is a tried-and-true investing platform which has led the retail investing industry for many years.
Of note, E-Trade provides access to educational resources which can assist you with learning how to choose from your multiple investing options, conducting investment research software and analysis, trading stock futures and diversifying your portfolio.
They have additional trading options and data as a result of acquiring OptionsHouse. This can assist with making more-informed options investment decisions.
As another service, E-Trade also offers retirement planning to clients as well as in-person informational sessions annually in certain areas.
E-Trade has three platforms. All are free and have no minimum investment limit.
- Power E-Trade offers investors real-time data and studies.
- E-Trade Web provides live market commentary and stock analysis.
- E-Trade Pro gives you strategy scanners and back-testing.
Each program gives you access to a dashboard where you keep track of your accounts, investments, and make your trades. E-trade does have small fees for options contracts and some fees involved with retirement accounts.
→ How to Get E-Trade’s Sign Up Bonus
Getting a free bonus from E-Trade only requires you to open an account and deposit/transfer/rollover funds: follow this link to open your account. The E-Trade sign-up bonus ranges as follows:
Currently, the service offers a cash bonus in the following increments:
- $25 bonus with a deposit/transfer/rollover of $5,000 – $9,999
- $50 bonus with a deposit/transfer/rollover of $10,000 – $24,999
- $200 bonus with a deposit/transfer/rollover of $25,000 – $99,999
- $300 bonus with a deposit/transfer/rollover of $100,000 – $249,999
- $600 bonus with a deposit/transfer/rollover of $250,000 – $499,999
- $1,200 bonus with a deposit/transfer/rollover of $500,000 – $999,999
- $2,500 bonus with a deposit/transfer/rollover of $1,000,000 or more
- Free value: $8 to $1,000
- Available via desktop and mobile site.
Nvstr, pronounced, “investor,” is another trading platform offering no minimums and a community of investors who share their collective wisdom.
In fact, Nvstr builds itself around an investing community who seek to invest through collaboration by sharing ideas and recommendations.
Nvstr offers a tool called Portfolio Optimizer, which relies on Nobel Prize-winning research. In short, it aligns your portfolio with your risk appetite and has an intentional design with position sizes for creating the best projected portfolio risk/reward.
To build your optimal portfolio using the Optimizer tool, you simply need to select which stocks you want in your portfolio and then allow the tool to trade into the optimal allocations of each to meet your risk tolerance.
Of note, and unlike Webull or Robinhood, Nvstr does charge trading commissions of $4.99 per trade. This number drops to $4.50 after placing 25 trades on the platform. However, signing up for an account with Nvstr is free and this makes you eligible for the signup bonus.
→ How to Get Nvstr Free Stock
By creating an account with Nvstr, you will earn the chance to receive a bonus worth between $8 – $1,000. To earn this free opening bonus, you will need to make a trade within your first two months of account opening.
As another note, you cannot withdraw this free stock within the first 12 months.
Related Questions on Free Stocks
What are the Tax Consequences for Receiving Free Stock?
If you receive free stocks or sign-up bonuses from any of these brokerages, you should have awareness of the tax implications involved. More broadly speaking, let’s discuss the tax impact of investing in stocks in general by reviewing some of the applicable rules affecting investing.
In particular, the most widely-known tax consequence associated with buying and selling stocks is the capital gains tax, which occurs when you sell a stock for a profit. This tax breaks into two categories, depending on how long you held the stock before selling:
- Short Term Capital Gains: If you recognize a gain by selling an investment you held for under a year for a higher price than you originally paid, you will pay taxes on this in your usual marginal income tax bracket. This means if your top tax bracket was 22%, you will pay this amount of tax on your gain.
- Long Term Capital Gains: You face this tax when you sell an investment you held for over a year for a gain. These rates can be more advantageous than short-term capital gains because they vary from 0% to 20%.
When you receive a free stock from the brokerages listed above, this gain technically counts as taxable income and should be reported on your tax return. It will be taxed as if it were ordinary income (i.e., like your paycheck).
Another tax you may face comes from dividends you could receive from stocks which act as income-generating assets.
These typically count as taxable income but you will need to understand whether these dividends count as qualified or non-qualified dividends to understand how you claim them on your tax return.
Non-qualified or ordinary dividends have you pay the same tax rate as your regular income tax bracket, while qualified dividends are taxed at the same long-term capital gains rates above (0% to 20% depending on your income and situation).
If you want to pay as little tax as possible on these investments, you will need to think of investing as a long-term strategy. Therefore, you should consider whether your investments can be held for over a year to avoid paying higher capital gains taxes.
Finally, not all investments result in gains when sold. If you incur a loss, you can use it to offset your capital gains or even have up to $3,000 of capital losses per year be used to lower your taxable income reported on your tax return.
Any unused amount can roll forward indefinitely to offset future capital gains or income (only up to $3,000 per year for income offsets).
Where Can I Get Stocks for Free?
Get your free stocks from the following companies:
- M1 Finance
- SoFi Invest
Can You Buy Stocks for Free?
It is now common for many stock trading companies to offer free trades. Most of the companies above offer free stock trades (some even act as the best stock news apps or investment research software) though some do charge commissions (e.g., Nvstr).
Many brokers have been forced to compete on price and must now follow the race to the bottom for offering free stock trades to remain in the consumer’s consideration.
What Companies Offer Free Stock Trading?
You can participate in free stock trading from the following companies both on and not on this list:
- M1 Finance
- SoFi Invest
- Charles Schwab
*Company offers free trading but charges monthly account subscription fees for bundled services offered through the all-in-one financial platforms.
How to Get Free Stocks: What App Gives You a Free Stock?
As described above, all of these companies offer free stock or a free bonus for signing up and possibly making some minimum deposit. Of the companies listed, Webull, Robinhood, and SoFi Invest offer free stocks for signing up.
The remaining companies all offer signup bonuses in the form of cash or fee rebates for transferring assets into your new investment account.
Does Robinhood Really Give Free Stock?
Robinhood does give free stock for opening an account and linking a bank account. No deposit is necessary as of when this was published. The stock will vary but can be worth as little as $2.50 or as much as $500.
What Free Stocks Can I Get?
The stocks awarded will vary because the companies target a specific dollar value when granting a stock. As stock prices rise and fall, the stocks eligible for being given as free stocks will change.
For Webull, the company has awarded shares from the following companies:
- The New York Times (NYT)
- International Paper (IP)
- Douglas Emmett, Inc. (DEI)
- Vonage Holdings (VG)
For Robinhood, the company has awarded shares from the following companies:
- Sirius (SIRI)
- General Electric (GE)
- Aphria (APHA)
- B2Gold (BTG)
- Ford (F)
- Glu Mobile (GLUU)
- Zynga (ZNGA)
- Pacific Gas & Electric (PCG)
- ImmunoGen (IMGN)
- Plug Power (PLUG)
- Limelight Networks (LLNW)
- Corbus Pharmaceuticals (CRBP)
- Sorrento Therapeutics (SRNE)
- Catalyst Pharmaceuticals (CPRX)
- Blackberry (BB)
- Amneal Pharmaceuticals (AMRX)
- GameStop (GME)
- Kinross Gold (KGC)
- Orchid Island Capital (ORC)
- Energy Transfer (ET)
- Caesars Entertainment (CZR)
- Sprint, now T-Mobile (TMUS)
- Marathon Oil (MRO)
- Apache (APA)
- Coty (COTY)
- Vivint Solar (VSLR)
- Ovintiv (OVV)
- Prospect Capital (PSEC)
How Many Free Stocks Can You Get on Robinhood? Webull?
How Long Does It Take to Get My Free Stock?
For most of the companies listed here, the stock award can be nearly instant, while some can take a few business days for the free stock to settle in your account. Robinhood awards them instantly and will notify you each morning if you have received your free stock.
You will need to read the fine print on how long you must hold the stock in your account before you can sell it for cash. Once you receive your free stock, you may need to hold onto it for a minimum time.
Nvstr, for example, requires you to hold the cash reward in your account for at least one year as well as make one trade within 30 days of account opening.
Is Robinhood Still Giving Free Stock?
Yes. As of this writing, Robinhood continues to give free stocks to individuals who open an account, link a bank account and fund the account. Robinhood has used this lure to draw in millions of investors who first begin investing with the stock trading app.
What is the Cheapest Way to Buy Stock?
The cheapest way to buy stock is through a discount broker who charges no trading commissions nor monthly or annual account subscription fees. Further, you want a discount broker who doesn’t enforce account minimums, making inactivity or low account balances not a problem.
One such broker to consider is Webull. The free stock trading app has no investment minimums, charges no trading commissions nor recurring subscription fees. Trading with Webull is completely free and easy to do.
Are Free Stocks Really Free?
The common adage, “There’s no such thing as a free lunch” also applies to the free stocks world. Most apps require you to make some minimum initial deposit in order to unlock the free stocks or sign up bonus for joining the service. However, many of them require a very low amount of capital to receive a free stock.
Therefore, free stocks are mostly really free. It doesn’t cost you money in the sense that you must spend it, but it does require you to commit money upfront in order to receive the free stocks or bonuses offered by the company. This might also require a minimum time commitment to holding the money on the platform.
Therefore, it is a judgement call on your part about whether free stocks are really free if you must commit a certain amount for a certain period of time to keep your free stocks.
Can You Sell Your Free Stock on Robinhood?
Yes. Robinhood allows you to sell your free stock on the app after a few days. You cannot sell the stock as soon as you receive it. They require you to hold it in your account for at least 3 market days prior to selling.
Afterward, you may sell the stock to buy another share of stock or other investment offered on the app or withdraw the cash to your bank account.
How Do I Claim My Free Robinhood Stock?
Claiming your free Robinhood stock is easy. After you’ve completed your enrollment in the app and made the connection to your bank account, Robinhood will send you a push notification alerting you to having earned a free stock from Robinhood.
From there, you click through the on-screen prompts to navigate to your free stocks selection screen, allowing you to pick between 1 of 3 available options.
They make the free stocks giveaway into a game of chance, meaning you don’t know what is behind each option. You need to play their game and you will immediately receive the free stock you picked in your account as soon as you return to your account homepage.
How Can I Get Free Apple Stock?
You can receive free Apple stock from Robinhood if you are lucky enough to receive one of their higher value free stock giveaways.
The odds are lower that you will receive a share of Apple stock as opposed to stocks like small pharmaceutical companies, mining operations or other tech companies. However, you can receive a free share of Apple stock, Facebook stock or other companies.
Can You Get Free Stocks with No Deposit?
None of the apps above allow you to receive free stocks with no deposit made into your account. Usually, investing companies use this as a gating action, meaning you must commit some minimum level of financial capital to their app for a minimum period of time to ensure you are an active user and not a bot.
Investing apps could be scammed by millions of people opening false accounts for free stocks and no deposit made. Requiring a minimum level of money to be deposited and held on the platform requires you to be real or at least willing enough to park your money there for a period.
The apps above have various minimum deposit levels. Robinhood has the lowest (when not accounting for recurring subscription fees) while M1 Finance has one of the highest.
About the Site Author and Blog
In 2018, I was winding down a stint in investor relations and found myself newly equipped with a CPA, added insight on how investors behave in markets, and a load of free time. My job routinely required extended work hours, complex assignments, and tight deadlines. Seeking to maintain my momentum, I wanted to chase something ambitious.
I chose to start this financial independence blog as my next step, recognizing both the challenge and opportunity. I launched the site with encouragement from my wife as a means to lay out our financial independence journey and connect with and help others who share the same goal.
I have not been compensated by any of the companies listed in this post at the time of this writing. Any recommendations made by me are my own. Should you choose to act on them, please see the disclaimer on my About Young and the Invested page.