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!
|Get Up To 5 FREE Stocks||Download|
|1 Free Stock ($3-$225) For Opening Account||Download|
|2 Free Stocks ($3-$300) For Opening Account, 3 Free Stocks ($7-$3,000) When You Make 1st Deposit||Download|
|Free $30-$500 Bonus For Depositing/Transferring $1,000-$50,000+||Download|
|1 Free Stock Slice ($3-$300) When You Invest $1+||Download|
|Free $10 Bonus When You Invest $5+||Download|
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 $3 to $225.
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.
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.
There are two simple steps you need to complete in order to get your free stocks:
That's it. For more details on the free stock values and how they are chosen, continue reading!
First of all, this promotion runs until 5/15/22, so you may want to act soon!
All new users who open a new account with M1 Finance here are eligible for a one time cash reward deposited directly to your invest account.
The value of the cash reward is based on the deposit amount over 14 days:
In order to earn the cash bonus, the total cash deposited to your new M1 Finance account over the first 14 days has to reach the amounts listed above.
You are also able to transfer over an existing brokerage account, which counts towards this promotion as well.
The value of the transferred account would count towards your total.
Depending on when you sign up by, you can expect to see your bonus deposited on November 15th 2022.
Public is a brokerage platform that offers fractional shares, however they refer to this as a slice of a stock.
In order to earn the free stock slice, you have to complete these simple steps:
That's it! You can invest as little as $1 and a bit of your time and end up earning $3 to $300 back.
The amount given out is completely random.
According to Public, here are the approximate odds for the prizes:
In terms of what stock you should expect to receive, stocks are chosen from the top 50 most popular stocks on Public.
The market cap of these stocks is at least $10B.
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.
First of all, this current promotion runs until 5/31/22, 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 5 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 $3,500.
The next reward is for depositing money into your new Moomoo brokerage account.
In order to earn your 2nd free stock, you just have to deposit any amount of money.
After this step is completed, you will earn a free stock valued between $9 and $3,500.
In order to earn the last 3 free stocks, you need to deposit a total of $2,000 into your Moomoo account within the promotion period (mentioned above).
So, for example if you deposited $100 in step 2, you would need to deposit another $1,900 to earn the other free shares.
After this step is completed, you will earn 3 free stocks valued between $9 and $3,500.