Did you know that there are some apps that reward you with bonus stock when you sign up or refer a friend? Where can you get free stock and what do you need to do to claim your prize?
Here is a detailed list of the trading apps that give you free stocks.
1. Webull
Webull is a popular zero-commission brokerage, appealing to both casual and active investors with its user-friendly and sophisticated trading platforms, low margin rates, a powerful suite of advanced analysis tools, and after-hours trading.
There is a wide range of asset classes to choose from as well, including ETFs, stocks, options, and crypto, making Webull a one-stop shop for all your investing needs.
Free stock offer at Webull
With Webull, new investors can get up to 12 free fractional shares just by opening an account.
To claim your free stock simply
- Open an account and get 2 free fractional shares
- Fund your account with any amount and receive up to 10 fractional shares for free
Once you qualify, the free stock will be credited to your account in 5 days. You can hold the shares or sell them and use the money to invest in other products.
Terms and conditions
- The stocks rewarded are in NYSE or NASDAQ-listed companies with a minimum market cap of $2.5 billion.
- Users have 30 days to claim the free offer after which it expires.
2. Robinhood
Robinhood is one of the lowest-price brokerages out there—the platform doesn’t charge any commission on trades and its account minimum is $0.
Traders can invest in ETFs, options, stocks, and cryptocurrencies, as well as set up an IRA—Robinhood offers an extremely generous 1% match on contributions, the first among non-employer-sponsored retirement accounts to do so.
Free stock offer at Robinhood
Robinhood awards new users with a specified dollar amount, between $5 and $200 (although most users get up to $10 worth of rewards).
The money you receive can then be used to claim a fractional share of stock in one of the 20 top companies in the US, most of which are among the highest-priced shares on the market. Users are allowed to pick the fractional share themselves.
To qualify for the offer you need to
- Sign up on the platform
- Get approved
- Link your bank account
In addition to new eligible clients, Robinhood rewards their existing customers for referring a new user to the app. To get this offer you must
- Be a Robinhood user of good standing
- Share the referral code provided by the platform (through the app or a text message)
- Once your friend’s account is approved, you can claim your reward
Users who receive free stock can sell it (after 3 trading days) and withdraw the funds (after 30 days).
Terms & conditions
- You must claim the offer within 60 days otherwise it will expire
- A household may not receive more than $1,500 a year in rewards
3. moomoo
Another commission-free brokerage, moomoo supports stocks, ETFs, and options trading.
It is also one of the top choices for active traders as it comes with a robust mobile and desktop trading platform, AI support alerts, and advanced analysis & charting tools. On top of that, it boasts no account minimums, outstanding customer support, and a wide range of educational resources.
Free stock offer at moomoo
moomoo has an excellent welcome bonus for eligible users, awarding them with up to 15 free stocks valued between $3 and $2,000.
How to get the offer?
- Open a brokerage account and get approved
- You will be given the chance to draw for one free stock as soon as you register
- Deposit $100 and receive 4 draws for a free stock
- Deposit $1,000 and get 10 chances to draw
If you meet the criteria, you will receive an in-app notification taking you to the Welcome page on the app. Then tap on Draw to claim your rewards (tap as many times as you have chances).
If successful, the app will add the free stock to your positions in 5 days, after which you are free to trade it.
Terms & Conditions
- You have 60 days to claim your free stock
- Deposits must be made during the promotional period, which expires by the end of the month
- If you deposit $100, you need to maintain the same asset balance (i.e. $100) for 60 days to claim the offer. The same rule applies to users who deposit $1,000
4. Public
Founded in 2015, Public is a great app for any investor. The platform has an extensive array of educational sources, live market news, and institutional-grade research to entice seasoned traders and beginners alike.
What’s more, with Public you have access to more than just stocks and ETFs—you can also trade fine art, collectibles, and luxury goods, as well as cryptocurrencies and treasuries.
Free stock offer at Public
Like Robinhood, Public has a free stock offer for new and existing customers.
Rewards can be a fractional share of stock, ETF, or crypto asset which in turn are chosen from 50 leading companies that have a market cap of $10bn or more, which includes the likes of Apple and Tesla.
The value of the rewards ranges from $1 (which is what the majority of users get) to $300.
Here is what new users should do to claim the offer:
- Sign up, open an account, and get approved
- Deposit funds (a minimum of $20 is required)
- Claim the reward by clicking on the button in the top right corner
If you are an existing user you can refer a friend to the platform. To get started, you need to
- Click on Invite in the top right corner of the home screen
- Copy the referral link from the app
- Send it to friends
Your friends need to use the link, open and fund their account for you to receive the reward
Terms & conditions:
- The offer expires if unclaimed in 60 days
- You cannot withdraw the cash value of your reward for 90 days
- The bonus is limited to one redemption per person
- You can invite as many friends as you want, but once you earn $500 from referrals, you will no longer be eligible for the promotion
5. SoFi Invest
If you want to join the 55% of Americans who already invest in the stock market, Sofi Invest is the place to get started. Not only are the trading platforms clean and organized, but the app offers automated investing too, making it easier for complete newbies to learn the ropes.
In terms of products, traders can get invest in stocks, ETFs, and IPOs. The account minimum is only $5, and the platform does not charge any brokerage fees.
Free stocks offer at SoFi Invest
The SoFi Invest free stock promotion works a little differently than other online brokers. Here you don’t win a reward, but rather play a game to win fractional shares of stock.
Here is how it works
- Open an account
- Use the electronic claw to grab a promotion piece
- The promotion piece is valued at a certain amount
- That amount will then be converted to the Stock Bit of your choosing, i.e. fractional share that will be deposited into your account within 14 days (if eligible)
Rewards are worth between $5 and $1,000—the odds of winning a stock worth $1,000, though, is a slim 0.028%.
Terms & conditions:
- Open to all US residents over the age of 18 who register for a new Active SoFi Invest Brokerage account
- You must deposit at least $10 of funds within 30 days of using the promotion
- One grab reward is available per participant
6. Tornado
Offering a unique mix of social media and investing, Tornado is an excellent app to hone in your investing skills and knowledge.
The platform has an extensive community of investors, simulated training programs, and a tailored selection of news and insights to help new traders learn the ins and outs of the market. On top of that, Tornado’s Learn and Earn awards users with $50 every time they hit a milestone in the training program.
Free stock offer at Tornado
Tornado does not award free stock per se, but rather gives a cash bonus to new users and existing account holders.
First-time eligible customers receive a cash bonus of up to $1,000 when they open a new brokerage account—provided they link the account to a valid bank account and deposit a minimum of $5.
If you are a current Tornado user, you can invite a friend to the app and you will both earn a cash bonus (once your referral opens and funds their account using the referral link you send). Each successful referral will get you up to $1,000, which is rare, but you are guaranteed at least $5 for every friend you refer.
Rewards are sent to your account within 2 days.
In addition to the rewards program, Tornado will fund your account with a welcome bonus when you make your first deposit. The value of the bonus depends on how much you deposit—$500 you will get a bonus of $5, deposit $100 for a $15 bonus—rewards increase with the amount of money you add to your balance.
Terms & conditions
- To earn the reward you need to place at least one trade
- You cannot withdraw cash rewards for a year after you receive them
- Users cannot earn more than $1,000 through the company’s referral program
FAQs
What is the best $1 stock?
There are several penny stocks you can invest in, but you need to make sure you find the right industry and understand the risks involved. Just like with the lottery, you can’t expect to make a lot on a low initial investment. Plus, investing in penny stocks that don’t make it big means you will be stuck with shares you cannot sell.
What is the safest stock?
There is no answer to this question as trading stocks always comes with risk attached. However, if you do proper research into the stock you are buying, carefully calculate risks, and keep up to date with the latest market trends and developments, you should be able to minimize losses.
Can you make a living off stocks?
Technically, you can generate enough income and make trading your full-time job (even if you have little money to invest). That said, trading is a high-risk gig that requires a lot of ambition, dedication, and patience, as well as experience and skills. Those just starting out with trading should not quit their day job just yet—maybe start off with investing in stocks as a part-time job or as a way to earn some extra income before you move on to the big leagues.
