How to Get a Free Share of Stock from Robinhood – Up to $200!

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.

Just last fall, they raised $460 million at a $11.2 billion valuation and are looking to blowing the doors off their promotional efforts.

They’ve started rolling out different promotions for referring new accounts and I’ll try to include them all here.

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

Want more free stock? Webull will give 2 free stocks worth up to $1,600 after you open and fund an account with $100. They have no account minimums and no 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
  2. How Robinhood Promotions Work

Open Account, Get Free Stock

The most exciting of the referral promotions is the free stock promotion. When you refer a friend, they get a chance of getting a share of stock valued between $2.5 and $200. The stock is awarded when they fund their 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 reward.

You can sell the stock after 2 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.

Get Your Free Stock from Robinhood

What Robinhood sent me about their free stock promotion!

According to Robinhood, here are the probabilities (based on when they acquired the shares, the market fluctuates so award could be different):

  • ~98% chance the stock has a value of $2.50-$10;
  • ~1% chance the stock has a value of $10-$50;
  • ~1% chance the stock has a value of $50-$200.

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

(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 today!

Other Posts You May Enjoy:

Is Robinhood Safe?

Robinhood receives its fair share of negative news headlines from platform outages to making high-risk trading too accessible to inexperienced investors.
But Robinhood is regulated and complies with all security and investing standards. But critics feel it makes it too easy for beginners to make investing mistakes.

What are the Best Crypto Sites and Exchanges?

Some of the best Crypto sites and exchanges are exclusively dedicated to investing in cryptos. Others offer other investments, like stocks and exchange traded funds (ETFs), and others provide limited banking services.

How Do Business Development Companies Work?

Business development companies are a Regulated Investment Company (similar to REITs) that must pay out 90% of net income. They offer high dividend yields (mostly ordinary) and can be a powerful cash flow investment.

Fundrise Alternatives to Consider in 2021

While Fundrise is a legit platform for real estate investing, several Fundrise alternatives, such as RealtyMogul, DiversyFund, Streitwise, Roofstockm Groundfloor, Crowdstreet, Peerstreet, AcreTrader and EquityMultiple may be a better fit for your investment strategy.

Jim Wang

About Jim Wang

Jim Wang is a thirty-something father of three 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 a farm in Illinois via AcreTrader.

Reader Interactions

Leave a Comment:

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. 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?

  2. 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.

See More Comments

As Seen In: