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Written by Ryan Scribner on April 29, 2024
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FTC Disclosure: Some of the links on this site are affiliate links. Read our full disclaimer here.

8 Best Free Stock Promotions In May 2024

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.

Here are the current 8 best free stock bonus promotions!

Keep on reading, or watch our video below on the topic.

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Robinhood IRA Boost

Here's what you need to know:

  • Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
  • All Robinhood investors will get a 1% Match on what they Contribute or Transfer
  • Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Best Free Stock Promotions

BrokeragePromotionLink
Robinhood Logo1 Free Fractional Share Worth Up To $200Learn More
Webull LogoEarn Up To 75 Free Fractional SharesLearn More
Moomoo Logo7 Free Stocks When You Deposit $100+Learn More
Acorns Logo$20 Bonus When You Invest $5+Learn More

1. Robinhood - Free Stock Worth Up To $200

Once your account is set up and linked to your bank account or debit card, you'll receive a specified random dollar amount as a reward.

With this reward, you have the exciting opportunity to pick a gift stock from a list of 20 of America's leading companies. These companies are carefully selected based on their market capitalization within their respective sectors.

  • The cash value you receive will vary, ranging from $5 to $200.
  • It's important to keep in mind that approximately 98% of participants receive rewards valued between $5 and $10.

You can use this reward to claim a fractional share of a stock.

You can read more about the Robinhood free stock promotion here!

2. Webull - Earn Up To 75 Fractional Shares

Look no further than Webull's free stock promotion, available through May 6th, 2024.

During the promotional period, new eligible Webull customers can earn either 20 or 75 free fractional shares based on their deposited amount:

  • Deposit $500+ and earn 20 Free Fractional Shares
  • Deposit $25,000+ and earn 75 Free Fractional Shares (in total)

The value of these shares ranges from $3 on the low end to $3,000 on the high end.

However, most people will get lower value shares based on the odds.

You can read more about the Webull free stock promotion here!

3. Acorns - Free $20 Bonus

Acorns Logo

Acorns has partnered with Investing Simple to offer a bonus deposit of $20.

  1. Start off by taking 3 minutes to open an Acorns account via our partner link with Acorns
  2. After opening the account, you have to set up a recurring investment ($5 minimum)
  3. Acorns will deposit your $20 bonus within 10 days of the following month

Keep in mind, Acorns does charge monthly fees starting at $3 a month for using the platform. This should be considered before opening an account with Acorns.

You can read more about the Acorns free bonus promotion here!

4. Moomoo - Get 7 Free Stocks

moomoo logo updated

This current promotion ends 5/28/2024, so you may want to act soon.

When you open a new Moomoo account (and deposit a minimum of $100 or complete an ACATS transfer of $1,000 minimum) within the promotional period specified above, you can choose between the following two bonuses:

  1. Get 1 free $5 fractional share of each of the "Magnificent 7" (Microsoft, Apple, NVIDIA, Amazon, Alphabet, Meta, Tesla) with a total value of $35
  2. Get a 1.5% Cash Reward Bonus on the amount transferred (maximum bonus of $300)

T&C Apply's, check out my link for more info.

You can read more about the Moomoo free stock promotion here!

5. Public - Free $20 Reward Slice

Public Logo

You have the power to choose your reward from a selection of designated stocks, ETFs, and crypto assets. These selections are carefully curated from Public Investing's inventory of settled shares.

They include the top 50 most popular stocks on the Public app and crypto assets that meet specific criteria.

First things first, you'll need to sign up for Public, the social investing app. It's a platform that allows you to invest in stocks, ETFs, and even cryptocurrencies.

Sign up for Public with the button below to get a free reward slice worth $20!

You can read more about the Public free stock promotion here!

6. Coinbase - Earn Up To $200 In Bitcoin

Trade cryptocurrency with Coinbase

New users in the United States (excluding Hawaii) can participate in the "Spin the Wheel" promotion.

To get in on the action, follow these simple steps:

  1. Create a Coinbase account: Start by signing up for a Coinbase account. It's quick and straightforward.
  2. Complete your first cryptocurrency purchase: Make your inaugural crypto purchase on Coinbase, and you're on your way to spinning the wheel.
  3. Spin the wheel of rewards: Once you've completed your first crypto purchase, you'll be eligible to spin the wheel of rewards.
  4. Receive your reward: Shortly after spinning the wheel, you'll receive a reward in either USD or Bitcoin, directly in your Coinbase portfolio.

This promotion is exclusively for new Coinbase users who make their first cryptocurrency purchase on the platform. The rewards are randomized and determined solely by Coinbase, falling within a range of $3 to $200.

Approximately 89% of new users who spin the wheel will receive a reward between $3 and $5, either in USD or Bitcoin.

Around 11% of new users who participate will strike it bigger, receiving a reward between $6 and $200 in USD or Bitcoin.

You can read more about the Coinbase free crypto promotion here!

7. SoFi - Free Stock Bit Worth $5 To $1,000

SoFi Robo Advisor

If you open a new SoFi Active Investing account, you will have a chance of winning a free SoFi Stock Bit worth up to $1,000!

In order to be eligible for the promotion, you have to make a minimum deposit of $25 within 30 days of opening the account.

New SoFi users will be able to move the claw to a certain gift, drop the claw, and win a random dollar amount of stock ranging from $5 to $1,000.

You can read more about the SoFi free stock promotion here!

8. M1 Finance Bonus Offers

This promotion is good through 12/31/2024. 

You'll get the following bonus (based on the deposited amount):

M1 Finance deposit bonus

Click here to claim this M1 Finance deposit bonus offer!

Article written by Ryan Scribner
Ryan Scribner is the Co-Founder of Investing Simple and author of the personal finance book ‘From Side Hustle To Main Hustle To Millionaire’ (available on Amazon and at Barnes & Noble). He is recognized as a Top 100 Money Expert by GoBankingRates. Ryan Scribner runs a successful YouTube channel focused on money and investing, which he started in 2016. Scribner was exposed to the finance world early on with a dad who is a financial advisor. Before he started his YouTube channel, he was working and making a surplus of money which he began investing on his own. Then he started to document it on his YouTube channel, before launching the Investing Simple blog in 2018. Ryan Scribner has used his own experiences with money to show others what he’s done to be successful so that they can learn from it. He has been featured in The Wall Street Journal in a publication on The Financial Gurus Millenials Listen To. In addition, Ryan Scribner has been featured in MarketWatch, Business Insider and Forbes - where he was recognized as the #1 Must Watch YouTube Channel For Making Money. In recent years, Ryan has become an angel investor across numerous startups. This includes fintech platforms such as Yotta, Mesh Connect and Commonstock - recently acquired by Yahoo Finance. Beyond that, Ryan has equity investments in a veteran-led cybersecurity company Netrise, as well as Beacons - an all-in-one builder tool for creators. Today, Scribner lives in South Florida - teaching others how to build wealth and “semi-retire,” without sacrificing your life to a 9-to-5.

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Fundrise
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
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Get 1 Free Stock Worth Up To $200 From Robinhood!

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Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

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