Robinhood is one of the most popular ways to buy and sell stocks online. Their free stock promotion is one reason many people initially sign up and we’ll guide you through the process of getting free stock from Robinhood using our referral. Use the process below to get a free stock from Robinhood by simply setting up an account (no funding required) and get stocks such as Facebook, Apple, Ford and more.
Steps To Get Your Free Stock
- Sign up for Robinhood using this link
- Complete your account and verify your email and financial information.
- Use the button within the app shown on the first page that pops up to claim your free stock. It will draw a new stock at random.
- The stock should now appear within your account in around 15 minutes. You can’t sell this stock for a few days, but after that lock-up period it’s yours to do whatever you want with it.
How Long Does It Take To Get Your Stock?
Once you’ve signed up for Robinhood and your account has been verified the process will start to receive your free stock. In most cases, this will only take around 15 minutes. You don’t have to fund your account, all you need to do it sign up for an account and then verify all of your details.
Once your free share is in your account it will be locked for 3 days before you can sell. If you’ve signed up through a free stock link and you haven’t received your stock within 24 hours then Robinhood says to contact them through their official app. Make sure that the link you’re signing up through is a free stock link before you start an account as you cannot have more than one account which means you won’t be eligible for free stocks once you’ve already signed up for an account.
What Stock Will I Receive?
The stock you receive will vary greatly. There are some cases where users have said they’ve received Apple stock and others have received stocks that were less than $3 per share. The small print of the free stock deal says that users will receive stock with a value between $2.50 and $200 per share. In my case, I was given one share of Groupon stock which at the time was around $4.
According to their app, this is how the odds of getting certain stocks break down. This may change in the future, but this is what their app is saying at the time of this guide.
- 1 in 200 chance of getting Berkshire Hathaway, Apple, or Facebook.
- 1 in 150 change of getting GE, Ford, or Energy Transfer.
- 100% chance of getting a stock other than those mentioned when you use a free stock referral link.
How Many Free Stocks Can You Receive?
When you sign up you’ll receive one free share of a random stock within their list of stocks. In order to get more free stock, you can refer friends using the link in your account. You have to have a verified Robinhood account before you can send out your referral link.
According to their website, you can refer friends and get up to $500 in free stock total. After you’ve hit the $500 mark of free stock you can still refer friends who receive a free share of select stocks, but you will no longer receive a free share.
So if you don’t currently have a Robinhood account you can use our link to sign up for an account. Make sure that you are a new customer who doesn’t currently have a Robinhood account or this free stock deal won’t work. Also, confirm on the page that the referral link has given you a free stock for signing up.