Updated April 3, 2022

How to Get Free Stocks

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Looking for ways to get stocks without spending a fortune? You may be surprised to find there are places where you can get stocks for free.

The stock market can feel intimidating and expensive.

But as it turns out, you don't have to break the bank to get your portfolio started.

In fact, there are ways to get stocks for free.

In this article, review the best places to get free stocks and how to cash in. Plus, learn which platforms offer trading bonuses.

How to Get Free Stocks

Retail investors may not have huge fortunes to work with. But their numbers are growing thanks to active efforts made to recruit them.

One way they're being recruited is through free stock offerings. Or, rewards that can be put toward buying stocks.

Let's take a look at the best ways to get stocks for free.

1. Public: Social trading ETFs

Public is a popular app that's part investing platform and part social network. Users can trade fractional shares of stocks, crypto, and ETFs, and even keep up with recent IPOs on Public.

Trading starts at just a dollar.

On Public, you can see what other people trade, see when people are selling and buying, how long they've held, and more.

Plus, thanks to their messaging system, you can chat with other traders publicly about strategy, investing news, and anything else you might need to make the best investments.

Key Features:

  • Invest in themed ETFs
  • Social investing
  • Commission-free trades
  • Fractional shares
  • Over 5,000 U.S. stocks and ETFs
  • Cryptocurrency

How to get your free stock
Public offers new users a free stock just for signing up. Referring friends to the app will also earn you stocks.[1]

2. Robinhood: Commission-free trading

You've probably heard of Robinhood. It's one of the most well-known apps targeted towards retail investors.

This commission-free trading platform offers stocks, options, ETFs, and limited crypto trading with no minimums.

Their user-friendly app does a lot to make investing easy and stress-free. It's intuitive, so that all you really have to do is download it from the App Store or Google Play Store and follow where it leads you.

While Robinhood isn't necessarily the best investing platform out there, it does provide new investors the opportunity to get comfortable with the investing process.

Key Features:

  • Commission-free trades
  • User-friendly app
  • No minimums
  • Fractional shares
  • Real-time market updates
  • Extended trading hours
  • Free cash management account
  • Stocks
  • Cryptocurrency

How to get your free stock
Robinhood will also give you a free stock when you sign up. You can receive a stock worth somewhere between $2.50 and $200, though since it's chosen at random it may be in a company you haven't heard of.

3. Bumped: Earn stock rewards

If getting free stocks is your goal, then Bumped is a great app to check out. The whole premise of this app is to give users fractional shares of their favorite stocks when they shop.

Through their loyalty rewards program, you'll pick your favorite brand in a range of categories. When you spend money, they'll give you shares of those brands using the debit and credit cards you've linked to Bumped.

You can also shop online through Bumped directly to get cash back in the form of stock at popular brands like Gap, the Home Depot, and Hulu. These rewards typically range between 1% and 5%, and are paid within 1-7 days.

Best of all, there are no fees to use it.

Key Features:

  • Loyalty rewards
  • Earn stocks when you shop
  • No fees

How to get your free stock
Besides the rewards you'll earn through the app, you can get $1 in free stock from Bumped just for signing up, just as soon as your account is verified.[2]

4. Webull: Platform for active traders

Webull is another investing app catering to retail investors, and it's particularly popular with millennials. They offer commission-free trading of stocks, ETFs, options, and crypto.

Like Robinhood, Webull's goal is to bring trading to the masses. The biggest difference between the two is that Webull has decided to cater to traders who have more experience.

They offer a lot more in terms of research than Robinhood does, meaning it can be a little overwhelming for beginners, but provides added value to those who know what they're doing.

That said, if you're still learning and want to level up faster, Webull also offers a practice account where you can trade without risk of losses.

Webull didn't used to offer fractional shares, meaning it had a higher barrier to entry, but they have since started supporting the option.

Key Features:

  • Commission-free trades
  • No minimums
  • Free extended trading accounts
  • Free margin account with $2,000 minimum
  • Trading simulator
  • Advanced research tools

How to get your free stock
Webull is offering new users a free stock when they sign up.

5. Tornado: Social media-style investing

Previously known as Nvstr, Tornado is a community-based investing platform that aims to help everyday people make smarter long-term investments, rather than focusing on short-term gains.

Tornado is targeted towards newer traders who want to become experts. It offers features like Learn and Earn that pay you $50 to study investing. Their 1-click portfolio optimization tool is designed to help you make the best decisions on what and how much to buy.

They offer trading with no minimums, with a set number of commission-free trades per month. After you reach your monthly limit, each trade costs $4.50 to execute. Subscriptions start at $4.99 per month.

They charge several other fees that can be found here.

Key Features:

  • Low monthly subscription
  • Limited commission-free trades
  • Investing community
  • Learn and Earn curriculum
  • Portfolio optimization
  • Margin trading
  • Trading simulator

How to get your free stock
Tornado offers users a bonus when they fund their account, from $5 to $1,000, depending on how much they deposit. That bonus can then be invested in the stock of the user's choosing.[3]

6. Moomoo: One-stop investing platform

Moomoo is another commission-free trading platform. Users can trade stocks, ETFs, and ADRs through their mobile and desktop apps.

They offer full extended trading hours, and a range of financial data and news for the research-oriented trader.

Because of their advanced interface, Moomoo is probably better suited to more experienced investors than beginners.

Key Features:

  • Commission-free trading
  • Trade stocks, ETFs, ADRs
  • Advanced research tools

How to get your free stock
Moomoo has several ways to earn free stocks. They'll give you a free stock worth between $3 and $3,500 just for opening an account, and you can get an additional stock for funding your account and maintaining a balance.[4]

7. Firstrade: Discount securities broker

Firstrade offers a wider range of trading options than many of the other competitors on this list. Users can take advantage of commission-free trading of stocks, ETFs, options, fixed income securities, and mutual funds.

They have a wider variety of account types as well. While they offer regular investing accounts, users can also sign up for retirement and education investing accounts, among others.

Firstrade users have access to research and reports, and can trade via desktop or mobile platforms.

Key Features:

  • Commission-free trading
  • Trade stocks, ETFs, options, fixed income securities, and mutual funds
  • Advanced research tools
  • Retirement and education accounts

How to get your free stock
You can earn free stocks at Firstrade when you sign up, or by referring friends. For referrals, both you and your friend will be rewarded.[5]

8. SoFi: Invest with just $5

SoFi started out as a platform helping college students refinance their federal and private student loans. Since then, they've gone on to offer a range of services, including mortgage lending, personal loans, spending, and investing accounts.

Users of the SoFi Invest platform can trade stocks, ETFs, crypto, and even participate in IPOs. Investing starts as low as $5, and it's easy to open an account through your mobile device or online.

SoFi offers regular investing accounts, as well as ones for retirement planning, and even automatic investing for those who would rather let them take the wheel.

Key Features:

  • Commission-free trading
  • Trade stocks, ETFs, crypto, and IPOs
  • Research tools
  • Retirement accounts
  • Automated investing
  • Active investing accounts

How to get your free stock
When you open an account with SoFi, you'll be eligible for a bonus of up to $1,000 with no purchase necessary. That reward can then be put straight toward your investments.[6]

9. Bits of Stock: Earn stock by shopping

Unlike many of the other apps on this list, Bits of Stock isn't a trading app that will reward you with stock for signing up. Instead, their business model revolves around giving you stocks as rewards when you shop.

All you have to do is download the app and link a credit or debit card. Then, whenever you spend, you'll earn rewards.

Bits of Stock is available for iOS and Android devices.

Key Features:

  • Earn stock as you spend
  • Earn dividends
  • No fees

How to get your free stock
Just download the app, link your card, and you'll start earning stock as you spend.

Are Free Trading Apps Safe?
If the investing app is registered with the SEC and FINRA, you can trust that it's a legit broker. By visiting FINRA BrokerCheck, investors can conduct research on the professional backgrounds of brokers, brokerages, investment adviser firms, and advisers.

Also, all registered brokers must be a member of the SIPC. This insures your investments up to $500,000 per account type, should the brokerage fail. Note that the SIPC does NOT protect against the decline in the value of your assets due to market loss. It also does not protect against crypto investments.[7]

Other Trading Apps with Bonuses

While these apps won't give you any free stock directly, many of them will provide bonuses and rewards that you can easily exchange for stocks of your choosing. Let's take a look.

M1 Finance
M1 Finance is a fee-free investing app that lets you trade stocks and ETFs and save for retirement.

They make it easy by helping you manage your investments, and you can open an account for $100, or $500 for a retirement account.

They also offer M1 Spend, an online banking account with a free debit card that comes with it, and M1 Borrow, which allows you to take loans against the value of your account.

Stash Invest
Stash is another investing app that offers a range of financial and educational features. You can invest in stocks and ETFs, open IRAs or custodial accounts, and take advantage of a bank account that comes with a debit card.

Acorns
Acorns started out as an app that would help you put aside your spare change with a feature called "roundups," but it does a lot more than that now.

It lets you invest automatically through curated portfolios that you choose when you set up your account, rather than going to the effort of investing in individual stocks.

There is a monthly fee, but if you sign up for Acorns, you can earn a bonus that they'll invest in your chosen portfolio.

E*Trade
E*Trade is an investment broker targeting users with a little more money to invest. They offer commission-free trading on stocks, options, and ETFs, and you can also trade mutual funds, futures, and more.

They support trading and retirement accounts, and you can earn a pretty hefty reward if you've got the cash to invest. Rewards range from $50 for a $10k deposit to $3,000 for a deposit of over $1.5m.

Ally
Another commission-free trading platform, Ally Invest lets you trade stocks and ETFs without fees, as well as options, bonds, mutual funds, and Forex.

They have margin trading and robo-portfolios for users who want to automate their investing.

Ally offers regular trading accounts as well as IRAs for retirement.

Ally is also offering larger bonuses for higher-value deposits.

TD Ameritrade
Trade stocks and ETFs free of charge on TD Ameritrade, another popular investing platform. This platform is expert-oriented, with advanced research and charting tools to help you pick the best investments.

But for those who are not quite there yet, they also offer useful educational tools to help you on the way.

Unest
For parents trying to save for their kids' futures, UNest offers tax-advantage custodial investment accounts. It's easy to set up and get started by choosing how aggressive they want their portfolio to be.

Investments will include a range of fixed income, bond, and equity ETFs that are automatically rebalanced depending on your preferences.

Users can get a $25 bonus when they sign up to start off their investing.[8]

Schwab
You've likely heard of Schwab, a recognizable name in the investing world.

Users can trade a variety of products, including stocks, ETFs, index funds, bonds, CDs, money market funds, options, futures, cryptocurrency, and more.

Options involve risks and are not appropriate for all investors. Options trading may expose investors to potentially significant losses.[9]

Bottom Line

Whether you're looking to get into investing for the first time or just interested in switching to a new platform, it's a good time to be an investor.

Trading platforms are all vying for your business, and that means they're willing to offer generous rewards to those who sign up.

And if you're just in it for the free stocks, the good news is, there's nothing stopping you from signing up for more than one.

References

  1. ^ Public. Public Referral Program, Retrieved 2/10/2022
  2. ^ Bumped. Sign up for Bumped, Retrieved 2/10/2022
  3. ^ Tornado. Rewards Rules, Retrieved 2/10/2022
  4. ^ Moomoo. Welcome Bonus, Retrieved 2/10/2022
  5. ^ Firstrade. Refer Friends Get Free Stocks, Retrieved 2/10/2022
  6. ^ SoFi. The SoFi Invest Claw Game Promotion, Retrieved 2/10/2022
  7. ^ SIPC. What SIPC Protects, Retrieved 4/3/2022
  8. ^ UNest. Promotion, Retrieved 2/10/2022
  9. ^ OCC. Characteristics and Risks of Standardized Options, Retrieved 4/3/2022

Jeremy Harshman is a protector of art and writing at CreditDonkey, a personal finance comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

Paid non-client endorsement. See Apple App Store and Google Play reviews. View important disclosures. Investment advisory services offered by Stash Investments LLC, an SEC-registered investment adviser. This material has been distributed for informational and educational purposes only, and is not intended as investment, legal, accounting, or tax advice. Investing involves risk.

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Ally Invest Coupon Codes

Get Up to $3,000

Expires 6/30/2022

The minimum qualifying deposit to receive a cash bonus is $10,000. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit (minus any trading losses) is not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.

Deposit or TransferCash Bonus
$10,000 - $24,999$100
$25,000 - $99,999$250
$100,000 - $249,999$300
$250,000 - $499,999$600
$500,000 - $999,999$1,200
$1,000,000 - $1,999,999$2,000
$2,000,000+$3,000

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