Invest with These 6 Brokerages and Get Free Stocks

Everyone likes to get something for free, and that includes investors. What if I told you that you could get free stocks from some brokerages? It is a little hard to believe at first, but it makes sense.

Invest with These 6 Brokerages and Get Free Stocks

How do you earn the free stocks? Actually, it is fairly easy. In most cases, all it takes is just signing up for a new brokerage account using a promotion code or referral link and meeting the minimum requirements.

How to Earn Free Stocks?

Tax Consequences

There may be tax consequences of receiving free stocks since it counts as other income in your tax return. You also may have capital gains if you later sell the stock at a higher price than when you received it. 

Robinhood – Free Stock Between $3 and $225 Robinhood will give you between $3 and $225 in one free stock just for downloading their app and opening a free account. The nice part is that you don’t need to deposit any money into your account.

These Brokerages Will Give You Free Stocks

Stash – Micro-investing

Stash does offer $5 cash for signing up and depositing $5 in your account. You can take the $5 and buy free stocks with it. Since $5 is not much, you will likely be buying fractional shares.

You can receive free cash of $5 for signing up and making your first investment. You can take the $5 and buy free stocks with it. Acorns also have a rewards program where you can earn $5 for inviting friends. 

Acorns – More Micro-investing

Webull is a newer online brokerage that started only in 2018. It is similar to Robinhood in that it offers the ability to buy and sell stocks, options, ETFs, and cryptocurrency. The platform also offers commission-free trades. 

Webull – Free Stocks Between $3 and $2,000

M1 has commission-free trades and fractional shares. The investing platform also lets you automate your investments.

M1 Finance – Invest in a Pie