Individuals who want to earn free stocks choose Robinhood for many reasons. One of these is its easy acquisition of Robinhood free stock along with incredible Robinhood referral code. All they need to do is to invite their friends. Then after the application approval, they can get a free stock.
Founded by Vladimir Tenev and Baiju Bhatt, Robinhood is a California-based financial services company. Currently, Robinhood has already raised about $176 million.
The company comes with a Robinhood app dedicated to smartphones so that everyone has a chance to do free stock trading and stay updated on Robinhood free stock promo. This app is easy to use and provides $0 commission trades. Besides, it’s a great choice to those who have small accounts.
What Makes Robinhood App Interesting?
Robin app is perfect for new investors as well as you do not have a lot of money to invest. Using this app, you have a great opportunity to buy a few shares of stocks without worrying about any transaction fee. After all, you will not need $5,000 to start free stock trading. You can start investing with $100. In fact, the earlier you start your investment, the better results you will get.
Moreover, new, young investors are more comfortable using smartphones with almost everything they do. So, it’s no surprise why young investors prefer investing with the help of an app due to the comfort and convenience it provides. Plus thanks to the Robinhood Referral, everyone wins.
How Robinhood Promo Works?
Another interesting thing about Robinhood is that it comes with promotions, where your Robinhood referral link will never change. In short, you can use this link as many times as you want to invite friends.
The only difference is the rules when it comes to withdrawals, the incentives you will get, and the incentive you friends will get. To start, Robinhood will mix promotions up all the time. So, what you will see varies based on your account.
Robinhood Shines With 100% Commission-Free Stock
Many investors admire how committed Robinhood is with their cryptocurrency trades, ETF, and options. And, of course, the commission-free stock is 100%. Not to mention that investors who trade constantly receive significant savings.
Every dollar that you will save on fees and commissions will be added to your returns. Besides, the company is very consistent to keeping other investor costs fairly low. The company offers a service called The Clearing. This service lets any company in operating its individual clearing system. As a result, some of the account fees are being reduced.
Robinhood App First Impressions
At first glance, the Robinhood app is well-designed. Then, you’ll find it very straightforward to use. So, you have no hassle navigating the app.
The user interface of Robinhood app is divided into 3 main sections:
- This section will let you see how well your stocks are doing. You will also see how well the other stocks you are watching.
- In this section, you can search for stocks. It will also allow you to read recent news and top movers.
- Using this section, you can see the summary of your account. Apart from that, it will help you transfer money to the brokerage account and then get any other miscellaneous information necessary for your trading decisions.
How to Set Up Robinhood App for Free Stock Trading?
For everyone to experience amazing deals from Robinhood free stock Reddit, the company developed and streamlined a Robinhood app.
Before you can move forward on free stock trading, Robinhood will ask for 4 requirements, including:
- At least 18 years old
- A legal resident of the US
- Valid social security number
- Citizenship status
Once the interested individuals signed up on the company’s website at www.Robinhood.com, they will receive an email that includes a link to download the app.
Creating a Robinhood account will only take about 4 minutes. Be aware that to be eligible for Robinhood free stock, individuals must be new to Robinhood. If they already have an existing account, they are not eligible to get Robinhood code and enjoy the promo. It is not an option to create another account.
- Create a Robinhood profile, including
- basic information such as name,
- address, and date of birth
- Enter the contact information
- Verify the identity with the SSN
- Fund the account
- Download the Robinhood app
Once downloaded, log in with the users’ information. It will ask the users to create a Watchlist. In the next screen, it asks whether the users want Smart Notification. Next is it asks to fund the account. Robinhood made it easy to link bank accounts.
After funding the account, the app users will receive a confirmation email. The users need to set up some investment objections. Then, everything is set up to do free stock trading.
New Account Bonus
Individuals with new accounts can get free shares.
After signing up for a new account, verifying the email address, and installing the Robinhood app, you can now claim for your free shares. To get the money out as well as fund the account, you need to link your bank account. After that, you can then share the Robinhood referral link to all of your friends to receive more shares.
Interestingly, you can get 1 Robinhood free stock from your account once the brokerage application is approved. You can choose whether to sell the Robinhood free stock after two trading days or keep it.
More Free Stock?
No doubt, everyone would like to have more free stocks. And, Webull can help you with that. If you successfully complete the account opening process within 24 hours, you will receive a Webull free stock worth up to $500.
Meanwhile, you can deposit $100, and Webull will give you another free share worth up to $1400. The good news is that they have no fees and no account minimums. Meaning, you can fully enjoy your free stock.
Apart from that, you can also get more Robinhood free stock up to $500 without so much effort. You can do this by simply referring your family and friends to the app. You can share the Robinhood referral link through Twitter, Facebook, email, text, and other methods.
Once your friends or family use that referral link, you will receive a notification on your smartphone. Log into your Robinhood account from there. Next, go to the “Past Invites” section to claim your Robinhood free stock.
However, it is recommended for you to act quickly. You only have a maximum of 60 days to get your free stock. If you fail, it will expire for good.
But, as mentioned, you can deposit your free shares directly into your account. You can sell them after 2 trading days. Then, you can sell and cash out them 30 days after claiming.
What’s the Worth of Robinhood Free Stock?
Like any other new to Robinhood, you might also be curious about what your Robinhood free stock worth is.
To give you an idea of the odds of landing those stocks, you can take a look at the following:
- 1 in 90 odds of getting Microsoft, Apple, or Facebook
- 1 in 150 odds of getting GoPro, Spring, or Ford
- 100% charge of getting a Robinhood free stock for every friend that joins
When it comes to the value of each free stock, take note that it will depend on the market’s movement. Then, you give you some hints of the approximate odds of receiving particular shares within the monetary values, consider the following:
- 1% chance of getting Robinhood free stock equivalent to $5-$200
- 1% chance of getting Robinhood free stock equivalent to $10-$50
- 2% chance of getting Robinhood free stock equivalent to $50-$150
- 18% chance of getting Robinhood free stock equivalent to $10-$50
- 80% chance of getting Robinhood free stock equivalent to $3-$10
- 98% chance of getting Robinhood free stock equivalent to $2.50-$10
Ideally, there are a number of “brand names” that you can get once you redeem your free stock. Keep in mind that shares of free stocks will be chosen randomly, and they are from an inventory of settled shares of Robinhood. In such a situation, do not be surprised if your free stock is not the same as your friend’s stock.
Some people who joined the Robinhood free stock promo have received any of the following:
- Office depot
- Rite Aid
- Home depot
To give you more idea about what other people received from their free stocks with a portfolio value of $534, the following will help you:
- 10 shares: $1 Sprint
- 13 shares: $6 Sirius
- 1 share: $19 HP
- 2 shares: $7 Opko Health
- 5 Shares: $2 Office Depot
- 3 shares: $7 Southwest
- 1 share: $33 Xerox
- 1 share: $10 GE
- 3 shares: $8 Vereit
- 2 shares: $9 Staples
- 11 shares: $3 Chesapeake Energy
- 1 share: $4 Rite Aid
- 1 share: HPQ
- 3 shares: $2 OPK
- 4 shares: $4 SW Energy
- 4 shares: $9 Cousin Properties
- 8 shares: $6 Zynga
- 7 shares: $4 Groupon
- 1 share: $28 AM
What Is Robinhood Gold?
Robinhood Gold gives you an opportunity to trade on margin or otherwise called the “borrowed money.” This op-in service comes with a flat fee of $5 per month. You can get immediate access to pre- and after-hours trading. Not only that, but you can also get bigger instant deposits. From here, you do not need to wait a few days for the “Instant Reinvestment” or settlement.
Selling Your Free Shares of Stocks on Robinhood
In case you do not want to claim the corresponding value of your free stocks, you can then sell it instead. Good thing, selling it is effortless as getting them. All you need to do is to select the number of shares you want to sell. After that, you need to review the order before submitting it.
Take note that sell orders come with different types, including:
This type of sell order will execute your order based on the stop price when the minimum target price was successfully met.
This type of sell order will execute your sell order based on the current market price when the minimum target was successfully met.
This type of sell order will sell your security based on the minimum price.
This type of sell order will sell your security based on the current market price.
Is Signing Up for Robinhood Really Worth the Time?
Many people who already have Robinhood accounts and downloaded the app really like the promo. Why? Simply because it gives you a free primer to rewarding stock trading.
With Robinhood free stock, you get an opportunity to get more familiar with the stock market. Then, the best way for you to learn the market is by doing. You can use the free stock to test out the market, and especially you’ve nothing to lose.
Trading stocks by yourself helps you go far. No matter how clueless you about stocks, you can find ways to spot opportunities. So, do not miss the promo offered by Robinhood because it gives away shares of stocks. And, these stocks can be used for you to start your journey to the world of stock investment. Other than that, do not forget that you can get up to $500 Robinhood free shares by simply referring friends.
Today, Robinhood is considered as the game-changing when it comes to the mobile-first brokerage sector. Through its continuous innovation, millions of users, and commission-free trades, even young investors were attracted.
If you are new to the investment world and want to be familiar with the stock market even more, then Robinhood will help you with that. You can take advantage of Robinhood promotions if you want to start investing with a small amount, especially the Robinhood free stock.
Who would not love free things? The good news is that Robinhood allows you to experience interesting free shares of stocks. Using these stocks, you can start investing without losing anything. Other than that, you can also sell free stocks.
The secret for getting more shares? You can get up to $500 free stocks as long as you exert effort inviting friends. The more shares you get, the more trading opportunities you get. So, there’ no way for you not to create your Robinhood account, download the app, and claim your new account bonus. Then, do not forget to invite a lot of friends.
Even if you are new, young investors, nothing should stop you from creating investment opportunities with Robinhood. Apart from Robinhood free stocks, there are plenty of opportunities waiting for you.