- Commission-free trading of U.S. stocks, ETFs and cryptos.
- A free share of stock (up to $225 value) when you open a commission-free brokerage account.
- And more free stock (up to a $225 value) every time one of your friends opens a Robinhood account from your promotional link.
- That's up to $1,000 in free stock every year. ...
Full Answer
What is the best 'free stock' you got from Robinhood?
Apr 01, 2022 · 1% chance the free stock has a value between $50 and $200; Once the stock hits your account, you will be able to keep it forever or you can sell it after 2 trading days. The shares are chosen randomly from their inventory of settled shares. Share value can fluctuate based on market movements, so that should be considered as well. Robinhood chooses stocks that are …
What are the best penny stocks to buy on Robinhood?
3 rows · Free is free. Robinhood is a pioneer of offering free stuff to investors. It was one of the ...
What are the top REITs to invest in with Robinhood?
Dec 01, 2021 · 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.
Are penny stocks on Robinhood worth buying right now?
Apr 16, 2022 · Does Robinhood Still Give Free Stock? As part of the promo conditions, we add one share of free stock to your account once we link your bank account. In 1-2 trading days, both you own the stock and your sale price is subject to the transaction. To get your hands on your free stock, link your bank account.
What is trading day?
A “trading day” is a day when the market is open. The market is typically open Monday - Friday, depending on the holiday schedule. Understand this if you are looking to sell your free share immediately. Your sell order will have to wait at least two of these days.
Can you invite friends to Robinhood?
No. Robinhood only allows one account to be opened per person to restrict abuse of their free stock promotion. However, you can invite friends and each of you will get a free stock when you do this. By referring friends, you can earn up to an additional $500 in free stock! Not to mention, that $500 limit resets every year.
But for some investors, it might actually be worth it
John has found investing to be more interesting and profitable than collectible trading card games. He seeks growth and value stocks in the U.S., in Germany, and beyond!
Free is free
Robinhood is a pioneer of offering free stuff to investors. It was one of the first brokerages to offer commission-free trading in 2013. Now it's offering "free stock" (well, one free share of stock) to new account holders.
Random isn't random
Microsoft, Visa, and Johnson & Johnson are great companies. When I signed up for my Robinhood account, Johnson & Johnson's shares were trading just under $150/share, and Microsoft and Visa were at about $200/share.
Something isn't nothing
As you probably guessed, I didn't get a $200 share of Visa. Instead, I'm now the proud owner of a share of Helix Energy Solutions Group ( NYSE:HLX). I had to laugh, because Helix is an oilfield services company, an underperforming sector I've been saying investors should avoid. Lucky me!
Nothing isn't something
Robinhood isn't alone in advertising a too-good-to-be-true perk for signing up. Brokers Merrill Lynch and TradeStation both advertise cash rewards for new accounts, of "up to $600" and "up to $5,000," respectively. That sounds much better than a lousy $3.60 share of stock!
The deal isn't bad
Earning 3.6% in two days is better than earning 0.5% in 90 days (Merrill) or 1% in 270 days (TradeStation). And it's certainly better than earning nothing because you don't have thousands of dollars to invest.
What is Robinhood Gold?
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.
What is the best way to get your feet wet?
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!
Is Robinhood free to trade?
Free stuff is great, but surely you want to hear more about Robinhood before you sign-up…. …Robinhood is a free-trading app that allows you to trade stocks without paying commissions. Instead of throwing $8 to your brokerage per transaction, you can trade 100% free of charge.
Does Robinhood charge commission?
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!
Our Referral Program
We think investing is better with friends, so for everyone you invite to join, you’ll both earn a reward stock. As soon as your friend signs up and links their bank account, we’ll credit each of your accounts with a reward stock. Keep in mind: You can receive up to $500 in reward stocks each calendar year, so feel free to spread the word.
How to Claim Your Reward Stock
Once your reward stock is ready, we’ll send you a notification prompting you to claim your reward. If you forget to tap on the notification, you can claim your reward stock by navigating to Messages to check if you have new claimable stocks under Robinhood Rewards.
How We Choose Your Reward Stock
Each stock is chosen randomly from our inventory of settled shares. The value of the share you receive could be anywhere between $3 and $225, and fluctuates based on market movements. Each stock is selected from our inventory based on the total value and price of each share.
Stock Reward Limit
You can receive up to $500 in stocks per year through this program, and the price of each stock you receive will be listed in your Statements & History.
Taxes
Make sure you consult with your tax advisor on how the receipt and sale of stock will impact your own tax situation. The cash value of the stock at the time you claim it may be reported as “Other Income” on a 1099-Misc form, if applicable. Any gains or losses on the sale of the stock are reported as capital gains or losses.
How to Find Your Robinhood Referral Code
It’s hard to miss the Robinhood referral code in your app. After you log in to the app, you’ll see on your main balance screen a small gift box logo with the words “FREE STOCK” in the upper right corner. Simply click on the logo and you will arrive at your referral page.
How To Get Free Stocks With Your Robinhood Referral Code
For every person you invite and who signs up for a Robinhood account, you will both receive a free share of a randomly selected stock in Robinhood’s inventory. You can refer as many friends as you like, but the value of the free stocks you receive is limited to $500.
What Stock Will You Get From Robinhood Referrals?
The process for receiving free stocks is supposed to be random. Here at BroStocks we have received some doozies, including Chesapeake Energy (CHK) and Zynga (ZNGA). But hey, a free share of stock is a free share, and even if you land a penny stock it could get pumped back up again one day.
Why Does Robinhood Give Away Free Stocks?
Unlike traditional brokers, Robinhood does not rely on commission fees to make their profits—in fact all stock trades are free. Instead, Robinhood relies on income from advanced traders through their Robinhood Gold program, where they charge interest on margin accounts, and also earn interest on uninvested cash sitting in customer accounts.