What could be better than owning stock in developing businesses and boosting your net worth? How about getting those stocks for free!
As absurd as it may sound, there are several ways to obtain free stocks. You can easily fill up on these freebies because many businesses and investment apps are currently giving away shares of stock to entice users to try their services.
This article will discuss how to obtain cost-free stocks that you can keep for a long time or sell for a profit.
How to Get Free Stocks on Webull?
Webull is a commission-free online brokerage platform that allows users to buy and sell stocks, options, and ETFs. It also offers a referral program that allows users to earn free stocks.
Here are the steps to follow to get free stocks on Webull:
- Sign up for a new Webull account: You can sign up on the Webull website or download the Webull app and create a new account.
- Complete your account application: Fill out your personal information, including your name, email, and social security number.
- Wait for your account to be approved: Webull will review your application and approve your account within a few hours or days.
- Make an initial deposit: Once your account is approved, you need to fund it with a minimum deposit of $100 to be eligible for the referral program.
- Refer friends to Webull: You can invite your friends to join Webull using your referral link. When they sign up and make an initial deposit of $100 or more, you will receive a free stock.
- Claim your free stocks: Once your referrals have made their initial deposit, you can claim your free stocks by going to the “My Free Stock” section in your Webull account.
Note that the free stocks you receive may vary in value and type. Webull also periodically offers promotions and bonuses for new and existing users, so be sure to check their website or app for updates.
Also Read: Is The Stock Market Going to Crash In 2023
How to Get Free Stocks on Robinhood?
Robinhood is a commission-free online brokerage platform that allows users to buy and sell stocks, options, and cryptocurrencies. It also offers a referral program that allows users to earn free stocks.
Here are the steps to follow to get free stocks on Robinhood:
- Sign up for a new Robinhood account: You can sign up on the Robinhood website or download the Robinhood app and create a new account.
- Complete your account application: Fill out your personal information, including your name, email, and social security number.
- Wait for your account to be approved: Robinhood will review your application and approve your account within a few hours or days.
- Link your bank account: To start investing, you need to link your bank account to your Robinhood account.
- Refer friends to Robinhood: You can invite your friends to join Robinhood using your referral link. When they sign up and link their bank account, you will receive a free stock.
- Claim your free stocks: Once your referrals have linked their bank accounts, you can claim your free stocks by going to the “Free Stocks” section in your Robinhood account.
Note that the free stocks you receive may vary in value and type. Robinhood also periodically offers promotions and bonuses for new and existing users, so be sure to check their website or app for updates.
How to Get Free Stocks on Groundfloor?
Groundfloor is a real estate crowdfunding platform that allows individuals to invest in real estate projects. While it does not offer a referral program or free stocks, there are ways to earn incentives on the platform.
Here are the steps to follow to earn incentives on Groundfloor:
- Sign up for a new Groundfloor account: You can sign up on the Groundfloor website or download the Groundfloor app and create a new account.
- Complete your account application: Fill out your personal information, including your name, email, and social security number.
- Browse available investment opportunities: Groundfloor offers various investment opportunities in real estate projects, and you can browse and choose the ones you’re interested in.
- Invest in projects: Once you’ve chosen an investment opportunity, you can invest in it by funding the project through your Groundfloor account.
- Earn interest and returns: When the project is completed, you will earn interest and returns on your investment.
Groundfloor may also offer promotions and bonuses for new and existing users, so be sure to check their website or app for updates. Additionally, if you refer other investors to Groundfloor, you can earn bonuses based on the amount they invest, but these bonuses are not in the form of free stocks.
How to Get Free Stocks on SoFi Invest?
SoFi Invest is a commission-free online brokerage platform that allows users to buy and sell stocks, ETFs, and cryptocurrencies. It also offers a referral program that allows users to earn free stocks.
Here are the steps to follow to get free stocks on SoFi Invest:
- Sign up for a new SoFi Invest account: You can sign up on the SoFi Invest website or download the SoFi app and create a new account.
- Complete your account application: Fill out your personal information, including your name, email, and social security number.
- Wait for your account to be approved: SoFi will review your application and approve your account within a few hours or days.
- Fund your account: Once your account is approved, you need to fund it with at least $1 to be eligible for the referral program.
- Refer friends to SoFi Invest: You can invite your friends to join SoFi Invest using your referral link. When they sign up and fund their account with at least $10, you will receive a free stock worth up to $1,000.
- Claim your free stocks: Once your referrals have funded their accounts, you can claim your free stocks by going to the “Rewards” section in your SoFi Invest account.
Note that the free stocks you receive may vary in value and type. SoFi Invest also periodically offers promotions and bonuses for new and existing users, so be sure to check their website or app for updates.
How to Get Free Stocks on Firstrade?
Firstrade is a commission-free online brokerage platform that allows users to buy and sell stocks, ETFs, options, and mutual funds. It also offers a referral program that allows users to earn free stocks.
Here are the steps to follow to get free stocks on Firstrade:
- Sign up for a new Firstrade account: You can sign up on the Firstrade website or download the Firstrade app and create a new account.
- Complete your account application: Fill out your personal information, including your name, email, and social security number.
- Wait for your account to be approved: Firstrade will review your application and approve your account within a few hours or days.
- Fund your account: Once your account is approved, you need to fund it with at least $5 to be eligible for the referral program.
- Refer friends to Firstrade: You can invite your friends to join Firstrade using your referral link. When they sign up and fund their account with at least $100, you will receive a free stock worth up to $200.
- Claim your free stocks: Once your referrals have funded their accounts, you can claim your free stocks by going to the “My Free Stocks” section in your Firstrade account.
Note that the free stocks you receive may vary in value and type. Firstrade also periodically offers promotions and bonuses for new and existing users, so be sure to check their website or app for updates.
How to Get Free Stocks on Moomoo?
Moomoo is a commission-free online brokerage platform that offers free stocks to both new and existing users through various promotions and referral programs.
Here are the steps to follow to get free stocks on Moomoo:
- Sign up for a new Moomoo account: You can sign up on the Moomoo website or download the Moomoo app and create a new account.
- Complete your account application: Fill out your personal information, including your name, email, and social security number.
- Wait for your account to be approved: Moomoo will review your application and approve your account within a few hours or days.
- Fund your account: Once your account is approved, you need to fund it with at least $500 to be eligible for the referral program.
- Refer friends to Moomoo: You can invite your friends to join Moomoo using your referral link. When they sign up and fund their account with at least $500, you and your friend will each receive a free stock worth up to $200.
- Claim your free stocks: Once your referrals have funded their accounts, you can claim your free stocks by going to the “Free Stocks” section in your Moomoo account.
Note that the free stocks you receive may vary in value and type, and Moomoo periodically offers other promotions and bonuses for new and existing users. Be sure to check their website or app for updates and eligibility requirements for any promotions.
How to Get Free Stocks on TradeStation?
TradeStation is an online brokerage platform that offers free stocks to both new and existing users through various promotions and referral programs.
Here are the steps to follow to get free stocks on TradeStation:
- Sign up for a new TradeStation account: You can sign up on the TradeStation website or download the TradeStation app and create a new account.
- Complete your account application: Fill out your personal information, including your name, email, and social security number.
- Wait for your account to be approved: TradeStation will review your application and approve your account within a few hours or days.
- Fund your account: Once your account is approved, you need to fund it with at least $500 to be eligible for the referral program.
- Refer friends to TradeStation: You can invite your friends to join TradeStation using your referral link. When they sign up and fund their account with at least $500, you and your friend will each receive a free stock worth up to $1,000.
- Claim your free stocks: Once your referrals have funded their accounts, you can claim your free stocks by going to the “Rewards” section in your TradeStation account.
Note that the free stocks you receive may vary in value and type, and TradeStation periodically offers other promotions and bonuses for new and existing users. Be sure to check their website or app for updates and eligibility requirements for any promotions.
How to Get Free Stocks on Stash?
Stash is an online brokerage platform that offers free stocks to both new and existing users through various promotions and referral programs.
Here are the steps to follow to get free stocks on Stash:
- Sign up for a new Stash account: You can sign up on the Stash website or download the Stash app and create a new account.
- Complete your account application: Fill out your personal information, including your name, email, and social security number.
- Wait for your account to be approved: Stash will review your application and approve your account within a few hours or days.
- Fund your account: Once your account is approved, you need to fund it with at least $5 to be eligible for the referral program.
- Refer friends to Stash: You can invite your friends to join Stash using your referral link. When they sign up and fund their account with at least $5, you and your friend will each receive a free stock worth up to $50.
- Claim your free stocks: Once your referrals have funded their accounts, you can claim your free stocks by going to the “Rewards” section in your Stash account.
Note that the free stocks you receive may vary in value and type, and Stash periodically offers other promotions and bonuses for new and existing users. Be sure to check their website or app for updates and eligibility requirements for any promotions.
Check More Stocks Information in BtcAdv Blog!
How to Get Free Stocks on Acorns?
Acorns is an online investment platform that offers free stocks to new users who sign up for an account and complete certain actions.
Here are the steps to follow to get free stocks on Acorns:
- Sign up for a new Acorns account: You can sign up on the Acorns website or download the Acorns app and create a new account.
- Complete your account application: Fill out your personal information, including your name, email, and social security number.
- Link your bank account: Connect your bank account to your Acorns account to start investing.
- Make your first investment: Once your account is funded, you need to make your first investment to be eligible for the free stock promotion.
- Refer friends to Acorns: You can invite your friends to join Acorns using your referral link. When they sign up and make their first investment, you and your friend will each receive a free stock worth up to $50.
- Claim your free stocks: Once your referrals have completed their first investment, you can claim your free stocks by going to the “Rewards” section in your Acorns account.
Note that the free stock you receive may vary in value and type, and Acorns periodically offers other promotions and bonuses for new and existing users. Be sure to check their website or app for updates and eligibility requirements for any promotions.
FAQs
Does Robinhood Really Give Free Stock?
Yes, Robinhood really gives free stock to both new and existing users through various promotions and referral programs.
When you refer a friend to Robinhood and they sign up and are approved for an account, you and your friend will each receive a free stock. The value of the stock you receive can vary widely and is determined by a randomized computer algorithm. The stock can range in value from $2.50 to $200 or more.
Robinhood also periodically offers other promotions and bonuses for new and existing users, such as deposit bonuses and free stocks for meeting certain investment milestones. These promotions may have eligibility requirements and expiration dates, so be sure to check their website or app for updates and details.
What is the Cheapest Way to Buy Stocks?
The cheapest way to buy stocks can vary depending on the brokerage platform you use and the type of investment you are making. Some online brokerages offer commission-free trading, while others charge a flat fee or a percentage of the investment amount. Additionally, you may incur additional fees for account maintenance, inactivity, or other services.
One way to potentially get free stocks is through referral programs offered by some brokerage platforms. For example, some platforms offer a free stock to both the referrer and the referred individual when a new account is opened and funded. Additionally, some platforms offer promotions and bonuses for new and existing users, such as deposit bonuses or free stocks for meeting certain investment milestones.
It’s important to do your research and compare different brokerage platforms to find the one that offers the lowest fees and best investment options for your needs. Keep in mind that while low fees are important, other factors such as investment selection, ease of use, and customer support should also be considered when choosing a brokerage platform.
Can I Buy a Stock for $1?
It is possible to buy a stock for $1 or less, but stocks that are priced that low are typically considered penny stocks. Penny stocks are stocks of small companies that trade at low prices and are often considered to be high-risk investments.
When you buy penny stocks, you may be investing in companies that have limited financial resources, which can make them vulnerable to economic downturns or industry-specific challenges. Additionally, penny stocks are often less liquid than larger stocks, meaning they may be more difficult to sell quickly if you need to do so.
If you are interested in buying penny stocks, it’s important to do your research and understand the risks associated with this type of investment. You should also consider working with a licensed financial professional who can provide guidance and help you make informed investment decisions.
How Can I Get Stocks Without Paying?
While it is possible to invest in the stock market without paying anything upfront, it is important to note that most investment platforms and brokerages charge fees for trading stocks and managing your investments. However, the above ways you can potentially acquire stocks without directly paying for them.