I love the explosive growth of micro-investing these days. People have no excuses to not get started investing anymore. Here is how to get free stocks by using these several mobile apps.
How to Get Free Stocks: 7 Ways to Get Free Shares
Free stocks? That’s a thing? Yes. If you aren’t using these apps to get free shares, you are simply missing out. There’s simply no excuse for you to not start building your wealth through investing right now. You need to start investing today if you want to achieve financial freedom. What’s better than receiving free shares for you to start your journey in investing.
I’ve been using cashback apps plus these apps to save/invest everything I get. For example, any cashback I receive from my cashback apps, I reinvest into my Robinhood portfolio.
As a dividend growth investor, I’m only concerned about low-cost fees (or zero commission fees) for investing and for accessibility for investing in stocks on the go.
In my book, Dividend Investing Your Way to Financial Freedom, I highlight why you need to focus on dividend growth stocks and low fees.
If you want to see what it takes to live off dividends, check out my dividend calculator that will help you create your own plan.
The dividend investing calculator is very simple to use and input your own assumptions. It literally only takes 5 minutes!
How to Get Free Stocks
Following the emergence of the discount online stock brokerage firms in the late 1990s, more brokerage firms reduced their commission fee due to high competition among them.
Today, a majority of stock trading brokers charge a very low-cost and a few offer free commission stock trading accounts. A few have even gone a step further and offer free shares of stock to their investors to attract more investors.
One way to achieve financial independence is through buying and selling of stocks. With investments, you can either choose to become an active or a passive trader.
With active trading, an investor buys and sells shares actively for a profit. Passive traders, on the other hand, buy and hold stocks to benefit from capital gain or through dividends. But, did you know that you can earn free stocks and shares if you invest through a specific stock trading broker or app?
Yes. You can get from $5 to over $1,000 in free stocks from these accounts. There are numerous firms today that offer direct stock purchase plans with discounts.
Some few others give free stocks to anyone who sign-up or open an account with them. Let’s look at a few ways to get free shares of stocks.
In order to get free stock, you need to sign up for an app, cash back app or a brokerage account. This process usually doesn’t take much time at all and these apps offer the best opportunity for you to save and invest on auto-pilot.
7 Ways to Get Free Shares of Stock
There is a list of companies and brokerages that will give you free shares of stock. Here are the best apps or ways to get free shares of common stock simply just by signing up.
Robinhood is hands down the best investing app for beginners. They offer a generous sign-up bonus of a free share of stock for a variety of companies.
With Robinhood, if you sign up, they will give you a share of stock of Apple, Groupon, Zynga, Chesapeake and more. The Robinhood referral program is best-in-breed. Free stock with Robinhood is just a great way to start building wealth through investing.
The value of receiving a share from Robinhood can vary from $3 to up to $300. What’s not to love about that?
I’ve been using Robinhood to build my dividend portfolio of stocks. You can read my review of Robinhood if you’d like more information.
Get free shares on Robinhood simply by signing up for the app and depositing money.
Stockpile is one of the best stock gifting service apps available today. With Stockpile, you can redeem $500 in your account like a gift. Stockpile also that offers new investors $5 in free stocks if you sign-up or create a free account via a bonus link.
With Stockpile, you can gift yourself or your loved ones the gift of stocks in the same way you would buy a retail gift card. All you need is to create a free Stockpile account to receive the $5 in free stock.
Stockpile gives you a chance to get $5 of your favorite stock such as Apple, Amazon, Tesla, Disney, Snap and many more. The stocks are deposited into your new Stockpile account, and you can easily redeem your $5 free stock bonus with no additional purchase requirements.
You only need to be a US citizen with a US address and a social security number to open an account with Stockpile.
The fact that it gives an investor a chance to buy fractional shares, it means that you can spend even smaller amounts of money to get a share of your favorite company through Stockpile.
Buying stocks via stockpile costs $0.99 which is far much less than most of its competitors. Also, selling stocks through Stockpile also costs $0.99 each share.
Stockpile customer referral program was rolled out in December 2017. Everyone who wants to participate can join the referral program. Everyone who joins Stockpile using your referral link gets a $5 bonus.
For every new member that you refer with your unique Stockpile referral link, you receive $5 payment, which can be sent to you mainly via PayPal. The new members who join receive $5 of free stocks for just creating an account with Stockpile.
Stockpile referral rewards program has no limits, and thus you can refer as many people as possible.
Stockpile has a clean and fun to navigate user interface that can appeal even to young adults. It is thus a perfect platform to set-up a custodial account for your child or teenager to get them oriented in stock investments.
Webull is yet another platform that can earn you free stocks. It is a free commission investing app that lets you invest in stocks for free. You can receive from $3.00 to $1,000 in free shares from Webull.
To get your free stocks, you need to sign-up or open a free account with Webull and then wait for approval. You get a referral link with Webull account once you open your Webull account.
So, you can earn more free stocks if you share it with your friends. Your free stocks can accumulate up to $1000 worth of stocks. Isn’t that cool?
You can leave the stocks in your account and watch them grow. If you share your referral link, anyone who sign-up or open a Webull account using your referral link also gets free stocks.
Some of the few requirements that you need to follow to be eligible to get the free shares of stocks is that you must be new to Webull and you must use a referral link to join.
If you had opened an account with Webull before, then you won’t qualify. Webull had an offer recently where they were giving out extra stock for the first-time deposit. So, it’s always good to be on the lookout for such amazing offers.
Use my link and get $3 to $1,000 in free stock from Webull.
Acorns also offer free stocks to new users who sign up for it. You can get up to $5 in free stocks from Acorns plus you can earn more stocks from companies who buy your stock.
Some companies have partnered with Acorns to offer you free stocks every time you buy their products.
Companies such as Uber, Casper, and Amazon among others can deposit free stocks into your Acorns account if you use their service and reach a certain monetary limit.
For example, for every $1 that you spend on Amazon, Amazon invests $0.03 in free stocks in your Acorns account.
If you use Uber, it invests $0.50 in your Acorns account every time you use their app. When you buy a mattress, Casper invests $75 into your Acorns account. Some of these companies also have a cash back reward system. It is a double benefit to you.
To use the Acorns account, investors pay a fee of $1 per month. It is a low cost compared to other investing app. Acorns is a micro-investors dream.
5. M1 Finance Free $10 Bonus Offer
M1 Finance is one of my favorite investing platforms out there. Like Robinhood, it’s completely commission-free.
You can invest in M1 Finance Pies that are a basket of hand-picked stocks, ETFs, REITs, etc. Or, you can choose an M1 Finance Pie that is created or followed by experts.
Like Stockpile, M1 Finance offers fractional shares investing. They automatically invest your money in your pie.
Think of M1 Finance as a way to invest with a robo-advisor, but it’s fully customizable. And it’s completely free.
You get free shares by signing up and earning a $10 bonus by using my link.
You can read more about M1 Finance in my review of the platform.
6. TD Ameritrade Bonus Offer
TD Ameritrade is one of the best commission-free ETFs brokers’ account. It is an account that lets you trade stocks, options, futures and forwards and more.
Currently, it is running a promotion where it is giving investors up to $600 if an investor fund an account with at least $250,000.You can get 60 days of free trades and up to $600 cash bonus. It is an offer that is valid for new individual Joint or IRA eligible accounts and brokerage accounts.
An investor can get from $100 to $2500 in bonus if they fund an account with $25,000 to $1,000, 000. There are specific requirements and eligibility criteria that one must meet to qualify.
You can also choose to earn a $200 referral bonus or 20 free online trades for making referrals. You can take advantage of such bonus offers to buy a few shares.
7. No-Fee Dividend Reinvestment Plans
This isn’t directly a free way to get shares. It’s somewhat indirect. Through the discounts over time, you essentially get free shares. A DRIP is a great way to build wealth over time.
It doesn’t come easy because you have to Another way to earn free stocks is to take advantage of direct stock purchase plans offering discounts. One of the companies that provide discounts on DRIPs is Aqua America. It is one of the largest water utility companies in the US.
It is a Dividend Reinvestment, and Direct Stock Purchase Plan (DRIP) that provides investors with an economical and convenient way to buy the company common shares.
It lets the investors reinvest their cash dividends in additional stock shares at a 5% discount.
It does not charge investors any trading or commission fees for the purchase of shares, and it allows investors to buy fractional shares.
Here is a list of no-fee dividend reinvestment plans to consider.
Conclusion on How to Get Free Stocks
Free stuff is amazing. It’s even better when something you receive for free can increase in value into the future.
I hope this article has offered valuable insights on how to get free stocks and shares. Like making money from apps?
These 26+ apps will pay you real money for using or signing up for them.
- Use Robinhood for your actively managed portfolio where you can buy and sell stocks at your disclosure.
- Then, use M1 Finance as a way to be hands-free invested in the stock market completely commission-free. You can continually pour money into your account and let them do all the work from there.
If you need help deciding further with your apps, check out my investing apps guide. This is a thorough analysis of all the best stock market investing apps.
What do you think about getting free stocks? Please let us know in the comments below. I’d love to hear from you.
Related Investing Money Resources
Use the resources about how to invest your money to start making money work for you:
- Our guide to eliminate risk in the stock market
- 5 steps to live off dividends forever
- How to start investing your money
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