If you are new to the world of investing, one of the very first decisions you have to make is what platform or app to invest with.
There are countless brokerage platforms out there to choose from, each offering different features.
However, one of the deciding factors might be getting something out of it for free.
Since there are so many platforms competing with each other, many offer incentives in the form of free stocks or free bonuses to entice new users.
At the end of the day, you should choose a platform based on what will work best for you in the long run. But, we all like getting something for free at the end of the day.
Here are the current best free stock or free bonus promotions!
Known as the app that pioneered commission-free trading, Robinhood opens doors for beginning investors looking to get into the game without learning the ins and outs of a complicated trading platform.
In order to get the free stock from Robinhood, you have to open a new brokerage account and link your bank account.
The value of the stock is random, ranging from $5 to $200.
However, most people will end up getting a stock with a value of $2.50 to $10 (98% chance of this).
You could get lucky and end up with a much more valuable free stock.
Here's the odds:
Once the stock hits your account, you will be able to keep it forever or you can sell it after 2 trading days.
You can read more about the Robinhood free stock promotion here!
First of all, this promotion runs until 2/28/22, so you may want to act soon!
All users who open a new account with M1 Finance here, are eligible for a bonus depending how much they deposit into their new M1 invest account. Follow the table below to see how much of a bonus you could be eligible for:
Webull is a commission-free stock and ETF trading platform. Experts designed Webull for active traders looking for a more dynamic user interface than some free platforms are offering. This platform has features helpful to traders such as technical indicators, research agency ratings, financial calendars and more.
Time: 11/1/2022 – 1/15/2023
Get up to 12 free stocks valued up to $30,600 when you open and fund a new account!
1. Open an account with Webull to get your 2 free fractional share stocks each valued $3- $300!
2.Deposit any amount to receive 4 - 10 free fractional share stocks each valued $7-$3000!
You can read more about the Webull free stock promotion here!
Acorns is one of the most popular micro-savings platforms. It literally lets you turn your spare change into investments.
First of all, what steps have to be completed in order to get the bonus?
If you complete those steps, you will get a $10 bonus kick in towards your investment.
That means for $5, you could end up getting $15 back!
Keep in mind, Acorns does charge fees for using the platform. That is a cost of $3 monthly for an Acorns Personal (taxable brokerage) account. This should be considered before opening an account with Acorns.
You can read more about the Acorns free bonus promotion here!
First of all, this current promotion runs until 1/15/23, so you may want to act soon!
Moomoo is another stock trading app that is similar to Webull.
However, Moomoo does not engage in Payment For Order Flow, a key differentiating factor from other brokerages out there.
In order to get all 15 free stocks, there are multiple steps you have to complete. Let's walk through those now.
The first thing you have to do is sign up for a Moomoo brokerage account here.
After this step is completed, you will earn a free stock valued between $3 and $2,000.
The next reward is for depositing $100 into your new Moomoo brokerage account for the chance to win 4 free stocks worth up to $2000 each.
In order to earn the last 10 free stocks, you need to deposit a total of $2,000 into your Moomoo account within the promotion period (mentioned above).
After this step is completed, you will earn 10 free stocks valued between $3 and $2,000.
You can read more about the Moomoo free stock promotion here!
