There’s nothing better than earning a free stock in a company to increase your net worth.
I know the idea of getting a free stock sounds crazy, but there are a handful of companies that will give you a free stock in a variety of ways. Some may ask that you sign up for their account, while others may ask for you to deposit a certain amount. Nonetheless, these stocks are 100% free and take very little of your time to receive.
In today’s post, I wanted to talk about how to get free stocks. Yes, it’s 100% legit, and no it’s far from a scam. I don’t work like that here.
If you have a few minutes to spare, let’s take a gander at the options available to you today.
How to Get Free Stocks
Public.com is a very popular investing app that reminds me of a social media platform such as Facebook since you can follow other investors, share your insights as well as connect with others. You can even chat with other Public.com users. It’s a very unique investing platform.
I would recommend the Public.com platform if you want to learn more about investing or you like the social media aspect, where you can communicate with other like-minded investors. It’s also ideal if you don’t have a ton of money to invest in the market.
Public offers commission-free trades and even fractional ownership, which means you don’t have to set aside almost four figures to invest in stock such as Tesla. There’s no minimum balance nor do you have to make a minimal deposit to get started, making it ideal for anyone.
When you sign up for a Public.com account and are approved, you will qualify for a free slice of stock, valued up to $300. It will be random as to what your stock will be worth. This offer is only available to new users only.
- Website: Public.com
Acorns is an app I personally have and I love it, as it allows me to invest my spare change as well as automatically invest a few dollars every week. When you link your credit card or bank account, the app will round up your purchases and then invest that spare change into a fund you choose. So, for example, if you spent $10.25, Acorns would take $0.75 and add it to your account. It doesn’t sound like much, but these purchases do add up.
If you’re new to the investing world or want another way to save, Acorns is one of the easiest ways to make savings automatic. Aside from the rounding up feature, you can also choose to add a certain amount of cash every week. You get to choose from the professionally-created portfolios they created and however much you want to contribute.
Acorns does have a very small subscription fee starting at $1, but they will give you $5 in funds just for signing up.
- Website: Acorns
M1 Finance is an automated piece of software that works similar to that of a robo advisor if you’re familiar with that term. Simply put, the app allows you to build an investment portfolio, choosing where you want your money to go.
You can choose from expert investment portfolios or you can customize it as you see fit. Like Public mentioned prior, you can invest in fractional shares as well, giving you the opportunity to own stocks you may not be able to afford today.
There are no management fees and no trading commission fees.
For a limited time, if you follow the link below, you can get up to $500 in bonus money, depending on how much you invest initially. It won’t be a free stock, per se, but it will be enough to invest in a variety of stocks.
- Website: M1 Finance
Robinhood is one of the bigger names on the list and it was one that caught a lot of flack for its GameStop fiasco. However, that didn’t stop the momentum from chugging on. The app allows you to trade stocks and ETFs for free, but what makes them stand out above the many mentioned here is that you can trade options and cryptocurrencies.
The app is very simple the use, and it’s one of the main reasons many investors, both new and experienced, flock to it. There are no minimum deposits nor do you have to pay to open an account. It’s 100% free to get started.
All Robinhood accounts are FDIC-insured.
When you sign up for an account, they will add one free random stock when you link your bank account and fulfill the conditions mentioned. The value of shares are between $3 to $225, but 98% of new members will receive a stock valued at $2.50 to $10. Refer to the link below for more details.
- Website: Robinhood
This app is said to be the “all-in-one” investing app that’s easy to use. You can trade stocks, ETFs, invest in IPOs and even trade crypto.
The company is almost always offering lucrative bonuses for signing up, sometimes to the tune of $1,000 when you open an account and make a deposit.
There are no trading fees, on account minimums and you can even invest in fractional shares if you choose to do so.
- Website: SoFi Invest
E*Trade is one of the older names on this list, but it’s a company that has stayed relevant over the years.
Almost always, E*Trade is offering bonuses to first-time investors, up to $3,000. The more you deposit, the more you can typically earn in bonuses. Out of all the companies I mention, however, they will require a hefty deposit to receive these bonuses.
Don’t let that deter you, though, as the company offers a variety of great benefits, from commission-free trades to more than 4,000 no-load, no transaction fee mutual funds. There are a ton of investment options, no matter what your investing level may be.
- Website: E*Trade
Another big name in the business, TD Ameritrade, will give you up to $2,500 in bonus cash when you up an account and make a qualifying deposit.
TD Ameritade offers commission-free trading, best-in-class platforms and award-winning education. There’s a reason millions of people continue to use the platform.
It’s another company that requires a hefty deposit of about $10,000+ to qualify for the bonuses. However, if you can transfer from your current brokerage, you won’t have to worry about coming up with these funds.
- Website: TD Ameritrade
Webull is yet another very popular option that allows you to invest in thousands of companies as well as fractional shares with as little as $5. It’s also one like Robinhood that allows you to trade both options and cryptocurrency as well.
The app is 100% free to use, as well as trade, but they offer much more than that. They also offer all users a range of tools, in-depth analysis from investing professionals as well as personalized reports.
Opening a Webull account is 100% free and there are no minimums to get started. Best of all, you can direct deposit any amount and you will get 4 free stocks. If you don’t want to deposit, that’s okay, too, as they will add one free stock to your account.
You can learn more about this opportunity via the link below.
- Website: Webull
Ally Invest is a newer name to the game, but it’s one that can earn you free stocks or at least bonus cash.
The company offers $0 commissions, competitive options pricing and a wide selection of ETFs from leaders such as Vanguard and iShares, to name a few.
Depending on how you deposit, you can earn up to $3,000 in bonus cash deposited into your account. For example, if you deposit $10,000, you will receive a $100 bonus, but if you invest much more, say $250,000, then you can earn up to $600.
It’s another hefty deposit, much higher than the many mentioned here, but it’s one to consider if you’re able to transfer your funds from your current account to here.
- Website: Ally Invest
Firstrade offers two free stocks when you open an account and then another stock when you transfer more than $100 to your account.
Firstrade offers $0 commission on all trades as well as $0 options contract fees. They have a full suite of investment products, including stocks, ETFs, fixed income opportunities as well as more than 11,000+ mutual funds.
This is a very common promotion but it isn’t always readily available. Please refer to the link below for more information as to how you can take advantage.
- Website: Firstrade
Tornado, formerly known as NVSTR, allows you to buy, sell and trade, as well as join conversations with leading investors and get news tailored specifically to your portfolio. You can see what stocks people are buying as well as discuss stocks with leaders in the field.
When you open a new brokerage account, they will give you up to $1,000, but you will have to link your bank account and make a qualifying deposit. A deposit of $10 is required, however, to qualify for a signup bonus.
The only downfall is that Tornado does cost $4.99 a month, but this includes 25 commission-free trades as well as all of the perks mentioned prior.
Stash is a micro-investing platform that allows you to invest in a portfolio of thousands of stocks and ETFs with $5 or less. You can invest as little as you want.
The only downside is that the app does charge a small $1+ per month monthly fee, but consider almost like the price of a financial advisor.
For most new sign-ups, the company almost always offers a small $5 bonus just for signing up. To get your bonus, you can follow the link below for more details.
- Website: Stash
Bumped is a free app that allows you to earn fractional shares based on your shopping history. It’s more of a cashback app, only that they reward you in stocks rather than giving you cash back.
Once you create a Bumped account and link it to a credit card, it will then scan your card for any qualified purchases you make. If you use your card at a qualifying store, then you will be rewarded with a random stock.
The app works with more than 1,000 retailers, allowing many opportunities to earn a free stock. It’s free to join.
Sign up for an account and link your credit card. Once you do, the company will give you $1 in stock to get started.
- Website: Bumped
The title sure does sound like a scam, and I can agree with that statement. However, I have proven that it is possible to get free stocks. You just need to know where to look.
Some companies simply ask you to open an account, whereas others require thousands of dollars as an initial deposit. They use this as an incentive to get you to sign up, similar to that of a credit card bonus. Nonetheless, there are a variety of options available.
Every single option I mention comes from a 100% reputable company and provides free stocks as long as you follow the guidelines. Be sure to read the fine print before signing up to ensure you’re eligible for the free stock in question.
That’s going to do it for now.
As always, if you want to add to the list or I’m missing any, you’re more than welcome to sound off in the comments section below. Thanks for stopping by!
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