free stocks
Updated April 20, 2020

Free Stocks: 7 Apps and Sites Giving Away Free Shares of Stock

Stocks

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Getting into investing can be overwhelming, and it takes a while to develop investment strategies based on your financial goals.

Until you feel more comfortable with your approach, it’s usually best to stick to relatively low-risk options.

From there, you’ll start to learn more about different investment opportunities and get a feel for what works for you.

While some shares are more stable than others, there’s nothing safer than free stocks.

Investors looking for free shares of stock have a number of options.

Investing solutions are always trying to add new subscribers, and free stock is one of the most common incentives.

No matter how experienced you are as an investor, you’ll be able to find the tool you’re looking for.

This list includes applications for brand-new investors, experienced traders, and everyone in between.

These are some of the best ways to get free stock in a variety of intriguing companies.

Broker Bonus Requirements Fees Sign Up

2 free stocks

First stock upon account opening and second when account is funded with $100 within 30 days

None

$10 worth of stock

Make your first deposit

None

$10 to invest in stocks

Make your first deposit

Subscriptions at $1, $2, and $3 per month

1 free stock

Create your account

None

500 free shares

Make $25 in purchases

None

$100 in free stock

Make first deposit

None

$5 in free stock

Create new account

Subscriptions at $1, $3, and $9 per month

1. Webull

Webull is a popular platform that offers free shares of stock along with free investing tools. It provides mobile apps on both iOS and Android to give you easy access to your portfolio at any time.

What Is Webull?

Webull gives you access to a wide range of tools, and you can use it for free before deciding whether it’s worth making a deposit. Unlike some of the other options on this list, Webull doesn’t charge any fees. It also offers a convenient and intuitive mobile app, enabling you to manage your portfolio no matter where you are.

Users can take advantage of a number of other convenient features including real-time market data and helpful customer service. You can get free stock worth up to $1000 simply by joining and referring other users.

Since Webull is completely free, it’s the perfect starting point for anyone new to investing. After starting with just $100 and a free stock, you can use the application as long as you want before deciding whether to contribute more.

How to Get Free Stocks with Webull

Getting your free stock through Webull is simple.  Just visit the website through our link, sign up, and deposit at least $100 into your portfolio. Your shares should soon be available in your Webull account.

2. M1 Finance

M1 Finance is another great option for new investors, and they’re currently offering $10 in free stocks. All you have to do is sign up for an account and fund your new portfolio.

You can start investing with a surprisingly small amount of money, and an extra $10 puts you that much closer to your goals. Take advantage of this offer to get a head start on your M1 Finance investing account.

What Is M1 Finance?

Like Webull, M1 Finance is an entirely free investment platform. It offers a wide range of expert portfolios to choose from, and you can also create a custom portfolio if you’d prefer. You can even set up automated investments to deduct from your account at a given interval. Unlike some of its competitors, M1 Finance doesn’t charge any fees

Additionally, M1 Finance is one of the few providers that allows you to invest fractional shares. This feature enables you to invest every cent you put in your account. Fractional shares also make it possible to invest a small amount in companies with a larger share price. M1 Finance uses two-factor authentication and military-grade encryption to protect your information.

Beyond its free investing features, M1 Finance also offers a checking account and lending services.  The checking account comes with 1% cash back on all purchases and an extremely high interest rate for Plus users at 1.5%.

M1 Borrow offers loans with an interest rate of 4.25%, substantially lower than most other options. This decreases to 4% for Plus users. You can even borrow using your M1 Finance investing portfolio as collateral.

M1 Plus starts at $100 for your first year before increasing to $125 annually. In addition to the benefits mentioned above, Plus users are also the first to access new M1 Finance services and applications.

How to Get Free Stocks with M1 Finance

If you’re interested in how to get free shares with M1 Finance, simply visit their website through our link. You’ll be redirected to their sign-up page to create an account. Once you’ve registered with M1 Finance and funded your portfolio, your free stock should be visible.

3. Acorns

Acorns is an innovative investing solution with a free stock program as well as other valuable rewards. They’re currently offering a free $10 just for registering for a new account on their website.

What Is Acorns?

Acorns is directed at users who want to invest small amounts of money each month. You can set it to automatically round up purchases and put the change in your investment portfolio.

In addition to providing free shares, Acorns partners with a number of popular businesses to offer you even more rewards. These companies deposit a small amount of stock in your Acorns account whenever you shop with them.

Amazon, for example, provides Acorns users in good standing with stock equivalent to 3% of their Amazon purchase. You can get similar rewards with other well-known brands like Casper and Uber.

Acorns leverages 256-bit encryption and bank-level security to provide complete protection for your data.

If you’re interested in Acorns, you can sign up for an account at one of three subscription levels. At $1 per month, the Core plan includes basic features like rewards for purchases, automated investing, financial advice, and more. This tier is free for college students.

You can add Acorns Later to your account for another dollar per month. Acorns Later is designed for people investing for retirement and helps you manage your IRA and 401(k). You can set up recurring contributions to grow your portfolio and roll over your existing 401(k) or IRA.

Finally, users can get Acorns Spend for just $3 total per month. Acorns Spend is an FDIC-protected checking account with a number of advantages including no ATM, overdraft, or minimum balance fees. Your debit card will also integrate seamlessly with your investment account to automatically round up purchases and contribute to your portfolio.

Although Acorns charges a fee for investing, their pricing is relatively affordable and gives you several important features. Many users, for example, will receive more than the $1 monthly fee for Acorns Core by earning Found Money for shopping with Acorns’ partners.

How to Get Free Stocks with Acorns

Read our in-depth review and sign up with our $10 sign-up bonus link, and you’ll be well on your way to a successful portfolio. You’ll be credited as soon as you visit the website and create a new account.

4. Robinhood

Robinhood is another popular commission-free trading app built for all investors. The application is currently offering a random free stock to all users who sign up using a referral link.

What Is Robinhood?

Robinhood offers a uniquely wide range of investment options including everything from cryptocurrencies to conventional stocks. With iOS and Android apps in addition to a easy-to-use website, you’ll be able to manage your portfolio from any location.

The solution offers all the tools new investors need to get started. Even if you have little or no investing experience, you’ll be able to develop strategies and quickly review results.

Robinhood Gold

Robinhood also offers a premium plan called Robinhood Gold which comes with a number of additional features. Gold users can take advantage of four helpful functions:

  • Nasdaq level II market data
  • Morningstar professional research
  • Higher limit on instant deposits
  • Investing on margin

If you’re interested in having more control over your portfolio, consider signing up for Robinhood Gold. After a 30-day free trial, you can continue your subscription for $5 per 30 days.

How to Get Free Stocks with Robinhood

After creating a Robinhood account through our link, you should receive free stock once your brokerage application is approved. Free shares are distributed randomly from Robinhood’s inventory, so you could get one of many different stocks.

Once the shares are deposited into your account, you can keep them for as long as you want or sell them after at least two days. Stock value ranges from as little as $2.50 up to $200.

5. iConsumer

iConsumer is a unique business that uses a different model from the other companies on this list. Rather than providing free stock in other businesses, the brand gives its users shares in iConsumer itself.

They’re currently running a great offer of 500 free shares after you make $25 in purchases. Shares most recently traded at 11.9 cents each, so this is a great way to start your portfolio.

What Is iConsumer?

iConsumer is a rewards-based shopping application that offers shares in exchange for purchases at select businesses. Some of the most popular brands include eBay, Walgreens, Overstock, and Staples.

With iConsumer, every purchase adds a little to your investment account. Those rewards will make a big difference over time, especially once you start using the app regularly. Mobile apps are available on both iOS and Android.

iConsumer will ask for your SSN if you want to issue and transfer stock or earn more than $600 in bonuses, but these are standard federal requirements. You can trust the application to take every possible precaution with your information.

Since iConsumer isn’t a conventional investing account, your funds aren’t protected by the SIPC. Of course, that protection likely wouldn’t matter–if the company did go under, your shares probably wouldn’t be worth much anyway.

How to Get Free Stocks with iConsumer

iConsumer is currently offering 500 free shares to anyone who makes $25 in purchases using the application. There’s no catch — simply download iConsumer through our link and keep shopping with your favorite brands.

From there, you’ll continue earning more stock every time you buy something with a partner brand. 500 free shares is a great way to start investing without taking on any risk.

6. Schwab

Schwab is one of the most well-known investing platforms, and their current referral offer is the perfect opportunity for new users. After signing up for a new account through this article, you’ll receive a $100 credit within about one month. The account creation process is simple and shouldn’t take you more than ten or fifteen minutes.

What Is Schwab?

Schwab is one of the largest brokerages and banks in the United States, with both digital access and physical locations. They provide investing tools along with a number of other financial services.

Schwab offers a wide range of tools and accounts for traders with different needs. It provides recommendations based on expert data along with available one-on-one consultations.

The website also gives users access to more than 300 videos and articles to help new investors learn. With tools for every investor, you’ll be able to stick with Schwab and start using new features as needed.

Schwab covers all users with a 100% guarantee for all unauthorized account activity. You won’t have to worry about losing your funds through fraud or other unforeseen circumstances.

Although Schwab doesn’t charge fees for creating an account, you will have to pay trading commissions. Stocks and ETFs that aren’t included in ETF OneSource, for example, cost $4.95 per trade.

How to Get Free Stocks with Schwab

Getting your free stock (worth $100) with Schwab is quick and easy. Just access their website, sign up for an account with our promo code (REFERJ6BHF32J), and wait for your free bonus!

Numerous Schwab account types are eligible for the offer, so most investors should be able to take advantage. There’s even a 24/7 live chat to help you determine which plan is right for you.

7. Stash Invest

Stash Invest is a popular investment application that allows users to start investing with as little as $5. It gives you the option to purchase fractional shares, making every cent count and enabling you to buy partial shares in companies with a high share price.

What Is Stash Invest?

Rather than receiving shares in Stash Invest itself, users earn shares of different companies depending on the companies you buy from. Depending on your subscription, you’ll also have access to a number of additional features. Users at all tiers can earn stock rewards on their purchases.

Beginner plans are intended for new investors and cost just $1 per month. You’ll have access to debit and personal investment accounts along with financial education resources through Stash Invest.

At $3/month, Growth subscriptions add features like tax benefits for retirement investing along with fractional shares. Finally, Stash+ plans  ($9/month) include the full set of tools including investing accounts for two children, a metal debit card with double rewards, and a monthly market insights report.

Given its flexible plans, Stash is a great option for both new and experienced investors with a variety of goals. If you’re just interested in investing, a Beginner subscription provides all the tools you need to get started. Upgrading to Growth is better for users who want to invest for retirement or take advantage of fractional shares.

The Stash+ plan is more expensive than the other two, but keep in mind that you could get that money back (and more) by earning double rewards with Stash’s debit card. You’ll also be able to make smarter investments using Stash+ exclusive market insights reports.

How to Get Free Stocks with Stash Invest

With Stash Invest, redeeming your free shares is as simple as making an account and buying from the right brands. You can start investing with as little as $5, so it’s the perfect option for new investors.

Free stocks are a unique opportunity that comes with no risk at all, and they’re a great option for anyone new to investing. These are some of the best options currently available, but there are a number of other brands offering free shares of stock.

If you’re wondering how to get free stocks, you can’t go wrong with any of the applications on this list. Even if you can only contribute a few dollars a month to your investments, that money will still make a difference in your portfolio. Don’t be afraid to start investing slowly until you feel more confident in your strategies and long-term financial goals.

Investing is always unpredictable, and it takes every investor time to grow more comfortable with trading.

Frequently Asked Questions

Why Do Companies Give Away Free Stocks?

The idea of getting free shares might sound counterintuitive at first, but it actually offers businesses a lot of money. Even though trading platforms lose money on the free stock they offer, they’re positioning themselves to make more money in other ways.

Trading platforms provide free shares to new users in order to get them started with the program. Think of it like another form of marketing—they take a small loss upfront in exchange for a new customer.

Free share rewards are usually (but not always) relatively small, especially compared to how much you could earn by investing. With that in mind, it’s more important to find the right application rather than the best offer.

How Can I Get Free Stocks?

Since these campaigns are designed to promote outreach, they’re often only available to new customers. You probably won’t be able to access an offer if you already have an account on that platform. That said, many applications offer referral bonuses, so you could earn rewards by introducing friends and family to the service.

A few of these services provide ongoing rewards like cash back or free stock in businesses you make purchases with. That said, some of them charge fees, so whether or not they’re worth the money depends on your financial situation. Don’t be afraid to try out a few different options before committing to a single service.

In addition to sign-up share bonuses, some providers also offer shares for referrals.  Each new user you introduce to the program gives you more free stocks. The specifics will vary from one platform to another, so make sure to check the details before signing up.

Is My Data Secure?

Platforms will often ask for personal information during the sign-up process. This could include your social security number or other sensitive data. These are standard investing practices and nothing to worry about—you can trust all of these platforms with your information.

Most reputable investing platforms are part of the SIPC, which protects accounts for up to $500,000 and $250,000 for cash claims. Keep in mind that this coverage is intended to protect you if your brokerage can’t pay due to their own financial difficulties—you can’t file a claim because your stocks lost value.

Aside from iConsumer (which isn’t a conventional investing platform), every application on this list is part of the SIPC. They also take every possible precaution to protect your financial and personal information including your passwords and SSN.

Why Should I Start Investing?

Many people assume they don’t have enough money to gain anything from investing, but that isn’t necessarily the case. In fact, you can generate surprisingly strong returns even if you only have a few hundred (or less) to invest. Some of these applications provide features like rounding up on purchases and recurring contributions designed to help you start investing on a budget.

Although no investment is guaranteed, you can often earn more by investing than with a savings account. Even if you’re just adding a few dollars to your portfolio each month, your profits can add up to a lot over time. Once you get in the habit of contributing a certain amount each month, it becomes easy to include that money in your budget—you might not even notice it’s gone.

Logan Allec, CPA

Logan is a practicing CPA, Certified Student Loan Professional, and founder of Money Done Right, which he launched in July 2017. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.

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1 Comments

Robinhood Investing.
Fake prices, ripped me off at the BUY and can’t sell. Then the 3 outages affected my account even more. FAKE 1-800 #, FAKE PRICES, FAKE CUSTOMER(unless you are setting up your account), CARE, ENDLESS HELPLESS EMAILS, BUG TARGETS DAYTRADER, GLITCHES. I tried to get them to help, but they didn’t budge.
I contacted……
SHUMAKER, LOOP, and KENDRICK, LLP.

THE LAWSUIT IS THE ONLY WAY.

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