Robinhood Promotions: Up to $600 Cash

Robinhood is a popular stock trading app that charges absolutely no commissions. You can read our full review of Robinhood to get a better idea of what they do.

They recently went public and so they’re under even more pressure to increase accounts and revenue.

The most exciting of which is a free share of stock for new accounts when you have a referral. (and once you have an account, then you can refer your friends!)

Want even more free stock? Webull will give up to 12 free stocks. They have no account minimums and fees, so enjoy your free stock!

👉 Get stock from Webull

The two brokers are similar, here is a comparison between the two!

Table of Contents
  1. Open Account, Get free stock (valued $5 - $200)
    1. Free Stock Promotion Details
  2. How Robinhood Promotions Work
BrokerageBonus PromotionLink
Tastytrade Logo
🏆 up to $5,000Learn more
up to 12 free stocks from the Brokerage+
up to $3,000 from Cash Management
Learn more
15 Free StocksLearn more
free stock (valued $5 - $200)Learn more
Up to $500 cashLearn more
up to $700Learn more

Open Account, Get free stock (valued $5 - $200)

Robinhood recently improved their new account promotion to include free stock (valued $5 - $200).

For a short time, they offered a bonus that included cash based on what you deposited. That has expired and there’s just the free stock bonus now.

Free Stock Promotion Details

When you join Robinhood with a referral, you get a chance of getting a share of stock valued between $5 – $200. The stock is awarded when you link a bank account.

When you refer a friend, you also get a share of stock too – you can receive up to $500 in free stocks per year.

The stock is not automatically deposited into your account. You will get a notification (or look in your history/past invites screen) and you have 60 days to claim the stock.

You can sell the stock after 3 trading days but you have to keep the cash value of the stock in your account for 30 days. That value will be reported on a 1099-MISC.

According to Robinhood, here are the probabilities (based on when they acquired the shares, the market fluctuates so award could be different) – 1-in-100 get a value of at least $20; 1-in-1000 get at least $50.

Once they open an account and transfer, you’ll see a notification on your phone. Click through to the person and claim your stock:

(if you look carefully, the list of invites will tell you the stock ticker of what you won – I realized this on the second referral, which you see above)

Then you get to a screen where you “pick” three stocks (part of Robinhood’s gamification):

Oooohhh the suspense!

There’s some intermediate “scratcher” screen but then you see this:

Stock Won - SWN
Yipee!!!

Fun! Now I can sell in 2 business days (how long it probably takes to settle).

Here are a few high stock amounts I’ve seen:

How Robinhood Promotions Work

A great part about Robinhood promotions is that your referral link never changes. It’s the same invite link you’ve always been using.

The only difference is the incentive you get, the incentive your friend gets, and the rules regarding withdrawals. So what you will see above is a listing of all the different promotions they’re actively running. As a startup, they mix it up all the time so what you see will vary based on your account.

No commission trades, referral sign-up money, this is what disruption looks like — if you get a free share of stock through this, let us know what you got! 🙂

Get Your Free Stock from Robinhood

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About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

Reader Interactions

Comments

About the comments on this site:

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

  1. Jake says

    I just got at&t NYSE:T and my friend got the sought after Apple NASDAQ:APPL :0

    • Jim Wang says

      Whaaaaat??? T and AAPL!? Nice. ~$150 for AAPL is great but ~$38 for AT&T is a solid get too.

      So far I’ve only gotten the $3-10 stocks (usually around $7-8).

      • Chris Loftus says

        The first one I got was brk-b (Berkshire b) and I’ve also gotten 2 groupons, 2 zegna, 1 sunpower, and another I can’t think of. I love this app. I started with 0 dollars and have already made over 300 in a month. Thank you for reading.

  2. Frugal Price says

    Does Robinhood allow accounts for minors yet? I really want to get nieces and nephews to learn about investing using this, but I can’t until they allow some sort of custodial accounts.

    • Jim Wang says

      They don’t have custodial accounts yet, right now it’s just straight up cash accounts.

    • Jim Wang says

      As far as I know, to open an account you must be a U.S. citizen, U.S. permanent resident, or have a valid U.S. visa – and have a U.S. residential address.

  3. Fred says

    Hey Jim, it sounded like a great deal so I signed up as soon as you posted this. However, I am still waiting. It keeps saying Pending Application Approval. Should it take more than a couple weeks for the account to set up?

    • Chris Loftus says

      You need to go to email and verify your email. Then go to your home page of robinhood and there will be a notification saying claim your free stock.

  4. Mike says

    I am already signed up with Robinhood. I don’t see the option for me to get stock for referring people. Did you have to do something special?

    • Chris Loftus says

      Go to personal info on robinhood. Then friend invites. As soon as your friends sign up properly, you’ll get a notification saying claim your free stock.

  5. Joseph Rather says

    I already signed up for Robinhood. Is there a way I can still get the free stock that you would get for signing up?

  6. Mike says

    I have referred 2 people. They both got Zynga & I got a Zynga and a Groupon (~$4 a pop).

  7. Chris Ward says

    I’ve gotten 3 shares of Chesapeake Energy, 2 shares of Groupon, and 2 shares of Zynga so far.

  8. Andrew says

    Does the person being referred need to deposit any money into their account before I can receive the free stock?

    • Jim Wang says

      There does not appear to be a deposit requirement according to their terms & conditions.

  9. Joseph R Barker says

    It says that there is a $500 total limit. Is this just at any given time, or is this forever?

    • Leslie says

      Hi Eric.
      Perhaps Sprint’s interest in merging with T-mobile in order to provide meaningful competition against AT&T & Verizon will give it a boost in its Interest or ‘X’ Factor?

      I hope so for both of us & others. I received Sprint as well.

      Best wishes,
      Leslie

  10. Andrew J Cooper says

    I joined with a referral from my friend in October 2018, neither of us ever received a free stock.

    • Jim Wang says

      I’d reach out to Robinhood’s support to get that fixed, they’re pretty good about that.

  11. Patricia Carhart says

    I signed up for Robinhood….however I did not receive a free share of stock, nor did the person that invited me. What needs to happen for us to receive the free stock share?

  12. David says

    I got a Sprint stock when I signed up for $5.77 which was cool. Just today signed up my first friend and got Apple at $211!!!! That was super cool. Created a pretty big buzz around the office and now have several people jumping on board. Great advertising by Robinhood. Meanwhile, I’ve enjoyed the App. Very simple and user friendly. Can’t beat free trades. Will enjoy this while it lasts. Free is hard to maintain.

  13. Steve morse says

    Another 2% here..got JNJ for $145.89…sometimes you’re the bug…sometimes the windshield!

  14. Robert says

    If I sign up, and a friend refers me, can he or she see any of of my bank account numbers or details? What personal data can the referral companion see for walking me through the process of obtaining stock or currency? How secure is my information, even from a friend who is referring me? Is my whole name available to been seen or just first names for referral person?

    • Jim Wang says

      They don’t get any of your information, they may see your first name but that’s it.

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