What could be better than owning stock in growing companies and increasing your net worth? How about getting those stocks for free!
As crazy as it sounds, there are actually several different ways that you can get free stocks. A number of companies and apps are giving away free stock in order to get people to try their services, and that means you can load up on these free shares of stock with minimal effort.
In this article, we’ll take a look at the best ways to claim your free stock, which you can hold for the long-term or sell for a profit.
How to Get Free Stock
Webull is a relatively new (launched in 2018) online brokerage that offers free trades of stocks and ETFs through their mobile app or desktop app. Aside from just the free trades, Webull also provides tools and reports for in-depth analysis that can help you to make the right decisions with your investments.
Setting up a Webull account is free and there are no minimums, so it is a great choice for any investor. They also offer extended trading hours and 24/7 online help.
To make it even more enticing, Webull frequently runs promotions that involve free shares of stock.
How to Get Two Free Shares of Stock from Webull
Right now Webull is offering new users the opportunity to get not one but two free shares of stock worth up to $1,000.
Here’s how it works. First, sign up through this link and open your account within 24 hours to get a free share of stock. Next, you can make an initial deposit of at least $100 to get a second free share of stock. The second share will be valued between $8 – $1,000.
While Webull offers commission-free trades, Robinhood actually started the trend. Like Webull, Robinhood allows you to trade stocks and ETFs for free, but Robinhood is unique because it also allows you to trade options and cryptocurrencies.
Robinhood’s app features a clean design that is meant to be simple and easy to use, which makes it a great choice for new investors. You’ll also have no fees for opening an account with Robinhood and no minimums. In fact, Robinhood was started with the purpose of removing some of the common barriers that have historically prevented a lot of people from investing in the stock market.
As a Robinhood customer, you’ll also be able to take advantage of their new cash management service, which is FDIC-insured and offers a high interest rate (there is currently a waitlist for this new offering).
How to Get Free Stock from Robinhood
As an incentive to encourage more people to try the service, Robinhood offers a free stock as a signup bonus. To get it, sign up here and open your account within 24 hours. When your brokerage account is approved, you’ll get the free share of stock valued between $2.50 – $200.
Bumped is a free app that allows you to earn fractional shares of stock from your favorite companies, based on your purchases. It works very much like a cashback app like Drop or Dosh, but instead of earning cash back or points, you’ll earn free stock.
Currently, there is a waitlist for Bumped (I was on the waitlist for a month or two before I got access). I’d recommend signing up for the waitlist now so you can get access as soon as possible.
Once you are able to create your Bumped account, you’ll link it to your credit card. You’ll also be able to select your “loyalties” in several different categories, which determines what purchases will earn rewards.
If you select Sam’s Club as your loyalty in the club warehouse category, you’ll earn rewards equalling 1% of your purchases at Sam’s. Whenever you make a purchase at those stores/websites/restaurants and pay with your linked credit card, you’ll earn fractional shares of stock that will be added to your bumped account.
In most cases, you’ll earn stock in the company that you are purchasing from. For example, you can earn fractional shares of Netflix stock each month when your credit card is charged for your Netflix subscription. However, some of the options will reward you with fractional shares of index funds instead of the company stock.
Bumped is still a new app and it’s likely that more brands and categories will be added in the future, but already you can earn stock for purchases at places like Dunkin Donuts, McDonald’s, Burger King, Subway, Chipotle, Chili’s, Olive Garden, Red Robin, Uber, Lyft, Kroger, Shell, BP, Netflix, Spotify, AMC, Sam’s Club, and more.
How to Get Free Stock from Bumped
Sign up for the Bumped waitlist here and you will be notified when you’re able to get access. At that time you’ll create your free account, link your credit cards, choose your loyalties in each category, and sit back and earn fractional shares from your purchases.
4. M1 Finance
M1 Finance offers free automated investing. It has some of the features and functionality of a robo advisor, but with a twist. For starters. M1 Finance is free, unlike a typical robo advisor.
You can select the specific stocks and funds that you want in your portfolio, or you can choose from more than 80 expert portfolios. M1 Finance also allows you to buy fractional shares of any investment that they offer. You can simply deposit money and let M1 Finance invest it for you automatically based on your selections and preferences. M1 Finance will also handle automatic rebalancing to keep your investments in line with your target asset allocation.
How to Get Free Stock from M1 Finance
When you sign up through this referral link you will be eligible for a $10 bonus, which will be invested according to your preferences. You can also earn $10 for each friend that you refer.
Acorns is an app that will invest your spare change by rounding up your purchases to the nearest dollar. If you spend $5.25 cents on a purchase and you have automatic roundups turned on, Acorns will round it up to $6 by investing $0.75 for you.
With the help of Acorns, you can make saving and investing automatic, and with the small roundups, you’ll barely notice the difference. You’ll be able to choose from their professionally-created portfolios so the investing is automatic and diversified.
You can also sign up for an Acorns Spend checking account that will allow you to earn and save more money.
How to Get Free Stock from Acorns
Right now, Acorns is offering a $5 bonus when you sign up for a new account. After you complete the signup process, Acorns will deposit $5 into your account, which will be invested according to your set preferences.
Nvstr is a platform that offers trading with no minimums and emphasizes collective wisdom. Through Nvstr, you can see insight from leading investors as well as collaborate with the people you trust.
With Nvstr, you can allocate your portfolio with a single click. The technology is built on Nobel Prize-winning research that helps to allocate or re-allocate your portfolio efficiently.
It’s free to sign up for an account with Nvstr, and you’ll be eligible for the signup bonus (covered below).
How to Get Free Stock from Nvstr
When you create a free account with Nvstr you’ll get a free bonus chosen at random (up to $1,000). That bonus will be entered into your account if you place a trade within two months. You won’t be able to withdraw the bonus for 12 months, but during that time you may see the value of the bonus increase thanks to your investments.