Firstrade is a well-known commission-free trading platform that has been around for quite some time now.
Recently, they jumped on the free stock bandwagon as have many other brokerages. If you are looking to open an account with them, here's what you will get for free.
During the current Firstrade Free Stock Promotion, you will get:
So, the minimum you will get is $6 and the maximum is $200.
It's based on a random system, so keep reading to learn more about it.
Brokerage Promotion Link 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
The promo is open only to US residents that set up an individual, joint or custodial account.
You will receive your first free stock 1 business day after the account is approved.
The second free stock, which you get for depositing $100+ in the first 30 days, will be deposited within 5 business days.
This current promotion runs from 4/18/22 to 5/18/2022 so act soon!
The free stocks are selected randomly and determined by an algorithm.
The value of the share may be anywhere between $3 and $200, and fluctuates based on market movements. They will choose from the most popular companies on Firstrade, based on the trading volume in the last quarter.
Here's the odds of receiving the stocks based on the current value at the time:
Once you earn the free stocks, you will have a "Claim Free Stock" button within Firstrade. It's important to know that you only have 60 days to redeem your free stocks.
If you are looking for other promotions, check out our list of the best free stock promotions here, updated monthly!