What if I tell you that you can start building your wealth through investing for free? Unbelievable right? Not anymore because there are many companies and apps which are giving away free stocks in exchange for using their services.
Usually, these companies offer free stocks when you open an account or sign-up with them. Some of these brokers even take the extra mile to provide free trading apps, stock charts and portfolio trackers.
In this article, I’ll teach you how to get free stocks with these companies.
1. Webull
Founded in 2017, Webull offers US stocks, exchange-traded funds (ETFs), and options without any trading costs and minimum initial investment. They also provide a lot of technical analysis tools to target more advanced traders. You can access Webull through mobile apps and desktop.
Opening the account is fully digital so it’s fast and easy. The platform itself is very well-made and user-friendly so even a beginner can open an account with them. While Webull is a great trading platform, the product portfolio is restricted only for US stocks, ETF, and options.
How To Get Webull Free Stock
Currently, you can get two free stocks when open and fund a Webull account here. You can receive the first free stock valued $2.5-$250 when you open an account. Fund your account at least $100 and get your second free stock valued at $12 to $1,400.
Another way to earn Webull free stock is to make referrals. Get two free stocks when you refer to one person and nine free stocks when you refer to three friends. Each stock is valued between $12 to $1,400.
2. Robinhood
If you’re a beginner in investing, Robinhood is the best investing app to go to. The mobile app is very easy to use with its intuitive design. Anyone can trade directly from their smartphones with just a few swipes anytime, anywhere.
The platform provides a large share of free stocks from big companies after you sign-up. You’ll be offered to get free stocks from Facebook, Groupon, Apple, and more. Although you might not receive the higher dollar stock value, it’s a great way to begin your portfolio.
How To Get Robinhood Free Stocks
The first way to earn free stocks from Robinhood is to sign up. Link your bank account and you’ll be surprised to see the free stocks appear in your account once it’s approved. You could get $197.17 from Microsoft or $193.68 from Visa, although the chance is 1 in 150.
Another way to earn more free stocks is to join the Robinhood free stock promo. In this campaign, you’ll get a free share of stock each time you invite a friend to join the platform. I recommend that you create Robinhood referral Reddit links to earn additional stocks more easily.
3. Stockpile
Stockpile is another great platform to build your portfolio. You can start investing with just $5.
Instead of purchasing a whole share, you can buy fractional shares of more than 1,000 stocks and ETFs in any amount you like. Purchase $50 of Amazon and earn 0.05 shares instead of spending the whole $1,000 per share.
The platform is designed for beginners as it offers fun mini-lessons as you master the stock market. With your approval, your kids can track their stocks 24/7 and put trades.
Unlike other brokerages, Stockpile allows you to give an e-gift redeemable for stocks to relatives and friends. No need to create an account to send a gift.
How To Get Robinhood Free Stocks
The first way to earn free stocks from Robinhood is to sign up. Link your bank account and you’ll be surprised to see the free stocks appear in your account once it’s approved. You could get $197.17 from Microsoft or $193.68 from Visa, although the chance is 1 in 150.
Another way to earn more free stocks is to join the Robinhood free stock promo. In this campaign, you’ll get a free share of stock each time you invite a friend to join the platform. I recommend that you create Robinhood referral Reddit links to earn additional stocks more easily.
4. M1 Finance
M1 Finance works similarly to Robinhood in a sense that its app allows you to trade commission-free stocks. The platform is ideal for more passive, long-term investors as it offers features, such as pre-built portfolios and dividend reinvestment. It’s actually quite flexible as you can choose to invest in several products, like ETFs, real estate investment trusts (REITs), and stocks.
The platform is designed for the intelligent investor. Take advantage of M1 Finance’s customization and automation features to manage your money. Use intelligent automation, select your own investments, and increase wealth over time without paying any commissions.
How To Get M1 Finance Free Stock
You can get a $10 bonus when you sign up for an account via this referral link. Fund your account at least $100 within 90 days and maintain that initial deposit for 90 days to get the $10 bonus.
M1 Finance also offers another $10 bonus credit through its Refer-A-Friend Program. You’ll get a $10 bonus credit for every new user that you refer to the platform. Your friend also gets the $10 bonus when they sign up and fund their portfolio.
To refer new users to the platform, open your account and click “Refer & Earn”. Join the referral program and select your Payment Account. You’ll know that the referrals are successful when you see a bonus of $10 under Settings>Promotions.
5. Bumped
If you like to shop, then you can use the Bumped app to earn fractional shares of stock from various companies. It works similarly to a cashback app but instead of getting points, you’ll be rewarded with free stocks. Sounds like a scam but it’s actually legit.
The only problem with this platform is the long waitlist. You need to wait for about 1-2 months before you can get access.
Bumped has a great roster of participating brands, including Starbucks, McDonald’s, and Walmart. If you’re a loyal customer of these companies, then you shouldn’t miss this chance.
How To Get Bumped Free Stock
The first thing that you need to do is to sign up for the waitlist here. Once, you’ll get the invite to access Bumped, download the app, and create an account. Link your credit or debit card and apply for a brokerage account.
There are currently 16 different categories of brands under Bumped. Select one brand from every category to earn a stock reward. Every brand provides a different percentage of stock reward- between 0.5%-5%.
5. Stash
Stash is a platform suitable for new investors as it shows a simplified way of selecting investments. You can choose from thousands of stocks and start with any amount with fractional shares.
Stash offers guidance on how you pick your investments from stocks to ETFs and bonds. Most platforms require you to purchase full shares of investments but Stash allows you to invest with only $1.
Along with your investment account, you get to access the Auto-Stash which is a suite of investing tools. Set a schedule to move money and utilize smart analytics to gain savings. Stash isn’t only a trading app or a bank but a source of financial education.
How To Get Stash Invest Free Stock
You can earn a $5 bonus after you sign up in this here. Link your bank account and fund your account with $5 or more. Once done, you can get your $5 bonus and start buying fractional shares.
Another way of earning an extra stock is to join the Stash “Stock-Back” rewards program. Purchase using your Stash Visa debit card at participating retailers and get a fractional share reward of that company.
5. Acorns
If you like to prepare for your retirement account, Acorns might be your best option. Acorns allow you to invest in spare change transactions and help them grow in the future. If you purchase $4.25, Acorns will round it up to $5 and invest $0.75 for you.
Acorns will help you make the saving and investment automatic. You can do scheduled deposits or one-time deposits to help you save and invest with the platform. Choose from five expert-created portfolios to make good long-term investments.
How To Get Acorns Free Stock
Earn a $5 bonus when you sign up for an account here. You can use that amount to pay for the $1 monthly account management fee.
Take advantage of Acorns’ “Found Money” bonus program to earn more free stocks. Prominent companies, like Amazon, will give free stocks into your account when you purchase a certain amount of their product or service.
Final Thoughts
It’s always great to get free stuff. It’s even better if you get something that increases in value with time.
If I have to choose a platform where to sign up, I’d go with Webull and Robinhood. Both offer a free high stock value and their mobile apps are easy to use.
I hope that this article has provided valuable information to help you get started in investing. Tell us what you think of these platforms or share some other hacks on how to get free stocks below.
Icons made by Freepik from www.flaticon.com
