5 Apps That Give Free Stocks or Cash When Opening an Account

What if I told you there was a way to get free shares of stock? It probably sounds too good to be true, right?

Well, it’s possible to get free stocks (or a cash bonus to buy stocks), just for signing up for a brokerage account.

I remember when I first signed up for a Robinhood account, I received free shares of Twitter. Not the best investment, but imagine if you could receive the next Apple or Nvidia. That would be a nice payday.

The best part is that you can take advantage of more than one of the free stock offers below. Ready to learn about how you can get free shares of stock? Let’s go.

Pro Tip: We realize that having multiple investment accounts can be complicated. It means multiple places where you need to log in and check your performance. However, Ziggma gives you the ability to connect all of your accounts in a single free portfolio tracker. Whether you have one investment account or ten, they can all be tracked through your single Ziggma dashboard.

Best Apps Giving Away Free Stocks (or Cash Bonuses)

Robinhood

Robinhood is a popular stock trading app that also allows you to invest in crypto and options. When you sign up for a new account, you’re going to receive a free share of stock that’s valued at anywhere from $5 to $200. 

Robinhood has become extremely popular for newer investors because of how user-friendly their mobile platform is. However, it also has the tools that intermediate investors love.

Robinhood is giving free stock when you sign up for a new account.

Pros of Robinhood

  • Commission-free Trading: With Robinhood, you’ll be able to trade stocks, options, and crypto without any commissions.
  • Easy to Use: Robinhood is extremely easy to use. Their mobile app makes it easy to deposit funds and buy and sell stock shares.
  • Fractional Shares: Let’s face it, some stocks are expensive. However, if you think there is still upside potential, Robinhood will let you purchase fractional shares. Instead of one Apple share at $230, you could purchase $50 worth of Apple shares.
  • IRA match: If you have a 401(k) with your employer, they might match your contributions. Similarly, Robinhood will match 1% of your IRA contributions for standard accounts and 3% for anyone with Robinhood Gold.

Cons of Robinhood

  • Limited Investment Options: Even though Robinhood has stocks, options, and crypto trading, they don’t have as many products as some other brokers. You won’t be able to invest in mutual funds or bonds.
  • Basic Research Tools: Robinhood has limited research capabilities. They would be good paired with Ziggma’s free stock screener and other research tools.

How to Earn Your Free Stock Share From Robinhood

Earning your free share of stock from Robinhood is easy. You’ll just follow these steps.

  1. Sign up for a new Robinhood account.
  2. Complete the signup process by providing your name, address, and other required information.
  3. Once your account has been approved, you must link a bank account or debit card and fund it with at least $1. 
  4. You’ll then be given a dollar amount for your free stock reward. With this amount, you can pick from a list of some of the biggest companies. 
  5. Plus, you can also refer your friends to sign up for Robinhood and earn more free shares.
Sign Up

TradeStation

TradeStation is a trading platform geared toward intermediate to advanced traders. You can trade many different assets, including stocks, bonds, mutual funds, options, crypto, and more. When you sign up for a TradeStation account, you’ll earn a cash bonus depending on the deposit amount you make into your new account.

Tradestation free stock award

Pros of TradeStation

  • Advanced Trading Tools: One of TradeStation’s best features is the tools it provides to investors. They have real-time market data, some of the most powerful charting tools, and over 180 different technical indicators. You also have the ability to use backtesting and simulation of trading strategies.
  • Commission-free Trading: Trading stocks and ETFs have $0 trading fees. If you’re trading options, the fees are between $0.50 and $0.60 per contract.
  • Wide Range of Products: TradeStation offers access to many different products, including stocks, bonds, ETFs, mutual funds, options, futures, and crypto.
  • Education: There is a robust section for you to learn and become a better trader. They even have a forum where you can learn and bounce ideas off others.

Cons of TradeStation

  • Limited Mutual Fund Options: There is no access to no transaction fee mutual funds, and all mutual fund transactions must be placed over the phone. 
  • High Fees for Some Features: TradeStation will charge a $10 monthly inactivity fee if you don’t make a certain number of monthly trades.

How to Earn Your Deposit Bonus From TradeStation

Earning your deposit bonus from TradeStation is easy. You’ll just follow these steps.

  1. Open a new TradeStation account.
  2. Make your initial deposit. Your bonus will be based on how much you deposit into your account. The chart below shows how much you could earn.
Sign Up

Public

Public offers everything that an investor could ever want. Not only do they provide an extremely positive user experience, but they also have commission-free trading and the ability to trade several different asset classes. Plus, when you sign up for a new account and transfer funds, you can earn up to a $10,000 cash bonus.

Public.com stock bonus

Pros of Public

  • Commission-free Trading: Public does not charge commissions on any trades you make. Plus, when you’re trading options, you can earn a rebate on each contract, meaning you can actually get paid to trade options.
  • Wide Selection of Investment Options: Public isn’t limited to just a few assets. You can choose from stocks, bonds, options, treasuries, ETFs, crypto, and other alternative assets.
  • Transparency: Many brokers earn revenue through payment for order flow. Public doesn’t operate this way and is very upfront about it. 
  • Community Feel: Unlike other trading platforms, Public has built a social community. You can connect with other investors and share ideas.

Cons of Public

  • Some Illiquid Assets: Some of the alternative assets like fine art or NTFs are going to be more illiquid than stocks. This could make it more difficult to sell if you need to free up cash.
  • No Mutual Funds: You won’t have access to any mutual funds.
  • No Retirement Accounts: Public only offers individual brokerage accounts and not retirement accounts. 

How to Earn Your Deposit Bonus From Public

Earning your deposit bonus from Public is easy. You’ll just follow these steps.

  1. Sign up for a Public.com account.
  2. Initiate a transfer from nearly any major broker. You don’t need to sell your positions, and Public even has a customer support team that can help you with the process. Plus, as long as you’re transferring at least $1,000, they will cover any fees your current broker might charge.
  3. Once your transfer is complete, you’ll earn a bonus based on the following table.
Sign Up

Moomoo

Moomoo is another commission-free trading platform where you’ll be able to trade stocks, ETFs, and Options. With its easy-to-use platform and sophisticated tools, Moomoo is a great platform for all traders. Plus, when you sign up for a new account you can earn up to 15 free stocks and earn 8.6% APY on your uninvested funds.

Moomoo free stock shares

Pros of Moomoo

  • Commission-free Trading: You can trade stocks, ETFs, and equity options with no commissions. Index options have a fee of $0.50 per contract. 
  • Low Margin Rates: If you’ll be trading on margin, Moomoo has one of the lowest margin rates at 6.8%.
  • Strong Trading Tools: Moomoo includes many advanced trading tools that allow you to find winning trades. 
  • Simulated Trading: Before you actually invest your own money, put your trading skills to the test with paper trading.
  • Mobile App: Moomoo has a powerful mobile app that allows you to trade at home or on the go.

Cons of Moomoo

  • Limited Investment Choices: With Moomoo, you won’t have access to bonds, mutual funds, or crypto.
  • High Fees For Transfering Money Out: If you’re going to be transferring money or stock positions out of Moomoo, there will be a fee. Outgoing domestic wire transfers have a $20 fee, outgoing international wire transfers have a $30 fee, and stock position transfers have a $75 fee.
  • Learning Curve: Because Moomoo has a significant number of trading features, there will be a slight learning curve when getting started.

How to Get Your Free Stocks With Moomoo

Earning your free shares from Moomoo is easy. You’ll just follow these steps.

  1. Sign up for a new Moomoo account.
  2. Once your account is approved, you’ll need to deposit $100 to receive five free stocks or $1,000 to receive 15 free shares of stock. 
  3. You must maintain your account balance for at least 60 days to receive your shares. 
  4. Once you’ve exceeded your 60-day holding period, your free stock shares will be added to your account within five trading days. 
Sign Up

Webull

Webull is a popular trading platform for both beginners and experienced traders. Not only is it user-friendly, but you can earn up to 40 free fractional shares of stock when you open and deposit money in a new account.

Webull free stock offer

Pros of Webull

  • Commission-free Trading: Webull offers commission-free trading on stocks, ETFs, and options.
  • User-friendly Interface: Both Webulls desktop platform and mobile app are easy to navigate and use, making the experience positive. 
  • Fractional Shares: Want to build a diversified portfolio without having a significant amount to invest? Webull allows you to purchase fractional shares.
  • Paper Trading: Practice your trading strategies with paper trading before you risk your own funds.

Cons of Webull

  • Limited Assets Available: You won’t have access to things like futures, bonds, mutual funds, forex, or crypto.
  • Issues with Customer Service: There are reports that people have had problems with the Webull customer support team.
  • Payment for Order Flow: Similar to other platforms, Webull makes a lot of its revenue from payment for order flow. This can lead to less than favorable trade execution. 

How to Get Your Free Shares From Webull

Earning your free fractional shares from Webull is easy. You’ll just follow these steps.

  1. Sign up for a new Webull account.
  2. Make an initial deposit for the specified amount.
  3. Maintain your account balance for at least 30 days to receive your rewards.
Sign Up

The Bottom Line

Whether you’re starting to build your first investment portfolio or you’ve been investing for decades, you should always shop around to find a trading platform that meets your needs. Finding one that offers free stocks is always an added bonus. 

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Frequently Asked Questions

Is there a way to get free stocks?

You can get free stock when you sign up for stock trading platforms that are offering free shares as sign up bonuses. 

Does Robinhood give free stocks?

When you sign up for a new Robinhood account or refer a friend to Robinhood, you can receive free stock valued at anywhere from $5 to $200.

How much free stock does Webull give?

When you sign up for a new Webull account, you can earn up to 40 free fractional shares of stock depending on how much money you deposit into your account.

Can you sell free stock?

After you’ve received your free stock, you’ll be able to sell your shares once you’ve held them for the required period of time. This is typically a set number of days determined by the platform.