How to Get Free Stocks: 19 Companies and Apps That Give Free Stocks in 2023

Last updated Jul. 7, 2024 by Peter Jakes

How to Get Free Stocks: 19 Companies and Apps That Give Free Stocks in 2023

In today’s digital age, investing has become more accessible than ever before. With various financial apps and companies offering incentives to attract new users, one of the most exciting promotions is the chance to receive free stocks. If you’re looking to kickstart your investment journey without initially spending a dime, there are numerous platforms that can help you achieve this. Here’s an in-depth guide on how to get free stocks and a list of 19 companies and apps that offer them in 2023.

Why Companies Offer Free Stocks

Before diving into the list, it’s essential to understand why these companies are willing to give away free stocks. The primary reason is customer acquisition. By offering free stocks, these companies attract new users who might eventually use other premium services they offer. It’s a win-win situation where users get a head start on their investment journey while companies expand their user base.

19 Companies and Apps That Give Free Stocks

Here is a comprehensive list of companies and apps that reward new users with free stocks:

1. Robinhood

   • Offer: Robinhood gives new users free stock upon signing up and linking their bank account.
   • Value: The value can be anywhere from $3 to $225, selected randomly.

2. Webull

   • Offer: Webull provides free stocks for new users who open an account and make an initial deposit.
   • Value: The initial free stock ranges from $3 to $300, with additional stocks available when you deposit $100 or more.

3. SoFi Invest

   • Offer: SoFi offers up to $1,000 in free stock for new users who fund their accounts.
   • Value: The value of the free stock is determined by a random drawing.

4. Public

   • Offer: Public gives users free stocks up to $50 when they create an account.
   • Value: The stocks come from a selection that includes notable companies such as Amazon and Apple.

5. Stash

   • Offer: New Stash users can receive $5 in free stock upon registration and funding their account.
   • Value: The stock is chosen based on your interests and investment goals.

6. Moomoo

   • Offer: Moomoo offers free stocks worth up to $1,000 for users who open and fund their account.
   • Value: Various promotions may apply, increasing the potential rewards for larger deposits.

7. Firstrade

   • Offer: Sign up for a Firstrade account and receive a free stock.
   • Value: The free stock typically ranges in value from $3 to $200.

8. M1 Finance

   • Offer: M1 Finance offers $30 in free stock for new accounts with an initial deposit of $1,000.
   • Value: The free stock can be part of the user’s customized investment pie.

9. Stockpile

   • Offer: Use the referral link to get $10 in free stock when you start investing with Stockpile.
   • Value: Choose the stock you want to own using the promotional credit.

10. Acorns

    • Offer: Acorns offer a $5 bonus for investing when signing up and depositing money.
    • Value: This is used to buy fractional shares in portfolios designed by Acorns.

11. Tastyworks

    • Offer: Earn $200 in free stock when you open and fund a new account with $2,000.
    • Value: The free stock bonus is given in Tesla shares.

12. *ETRADE**

    • Offer: E*TRADE occasionally provides promotions for free stocks or deposit bonuses.
    • Value: Bonuses may vary based on the deposit amount.

13. Ally Invest

    • Offer: New users may receive a cash bonus that can be used to buy stocks.
    • Value: Promotions vary, but can sometimes total several hundred dollars.

14. Schwab

    • Offer: Occasionally, Schwab offers promotions with free stocks for new account holders.
    • Value: These are typically part of broader promotional services aimed at larger deposits.

15. Fidelity

    • Offer: New Fidelity clients often qualify for cash promotions that can be used to purchase stocks.
    • Value: Promotions can provide substantial bonuses based on account funding levels.

16. TD Ameritrade

    • Offer: Periodically, TD Ameritrade runs promotions which might include free stocks for new accounts.
    • Value: Bonus amounts vary depending on promotional campaigns and deposit size.

17. Capital One Investing

    • Offer: Capital One Investing rewards new users with promotional credits for purchasing stocks.
    • Value: Promotional credits can range widely based on current offers.

18. XYZ App (Note: Placeholder for current leading fintechs)

    • Offer: Many emerging apps also pursue client acquisition with compelling stock offers.
    • Value: Promotional values depend on the app’s latest strategies to attract users.

19. Redfin

    • Offer: Become a member to receive stocks as part of promotional offers.
    • Value: These stock rewards vary, often part of larger membership benefits.

How to Maximize Free Stock Offers

1. Multiple Accounts: Opening accounts with multiple companies increases your chances of obtaining higher-value stocks.
2. Refer Friends: Many apps offer additional free stocks for each friend you successfully refer.
3. Stay Informed: Keep an eye out for new promotions regularly posted by these companies.

Risks and Considerations

While the idea of free stocks is enticing, it’s essential to consider the potential risks:

• Market Volatility: The value of your free stocks can fluctuate.
• Account Management Fees: Some platforms may charge fees after the initial promotion.
• Withdrawal Restrictions: Certain terms and conditions may apply to withdrawing your free stock.

FAQs

Q1: How long does it take to receive my free stock?

• A: The time frame varies by platform but generally can range from a few minutes to several days after account verification and funding.

Q2: Can I sell my free stock immediately?

• A: Policies vary, but many platforms allow you to sell your free stock after a specified period, typically anywhere from 30 to 90 days.

Q3: Are there any hidden fees or costs?

• A: While the free stock is a genuine offer, consider the platform’s account management fees, trading fees, and withdrawal limitations.

Q4: Is this legal and safe?

• A: Yes, receiving free stock from these reputable platforms is entirely legal. However, always read the terms and conditions carefully before participating.

Q5: Do I need to be a U.S. resident to receive free stocks?

• A: Most platforms require U.S. residency, but some may offer deals in other countries.

Q6: Can I participate in offers from multiple platforms?

• A: Absolutely! You can sign up for as many offers as you like, but ensure you manage these accounts responsibly to avoid any unforeseen fees or complications.

By understanding the opportunities and limitations, and carefully choosing the platforms, you can take advantage of these promotional offers to diversify your investment portfolio with minimal initial expenditure.