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

What if we 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 receiving shares in the next Apple, Nvidia or simply $500 in cash. That will be a nice payday.

Why not take advantage of more than one of the free stock offers below? You can earn thousands in free stocks and cash.

Ready to learn about how you can get free shares of stock? Let’s go.

Pro Tip: Don’t worry about having to track multiple accounts. Simply link them all to Ziggma to track all of you investment accounts from a single dashboard.

BROKER	REWARD	INVEST IN	SYNC WITH ZIGGMA
Moomoo	Up to 15 free stocks	Stocks, ETFs, options	Coming soon
Coinbase	$200 in bitocin	Cryptocurrencies	Yes
Public	$150 – $10,000 cash bonus	Cash bonus	Yes
Tradestation	$150 – $3,500 cash bonus	Stocks, bonds, options, treasuries, ETFs, and crypto	Yes
Robinhood	Free stock worth up to $200	Stocks, ETFs, options, and crypto	Yes
Webull	Up to 40 free fractional shares	Stocks, ETFs, options	Yes

Best free stock and cash deals

Moomoo

Moomoo is commission-free trading platform for stocks, ETFs, and options. With its easy-to-use platform and sophisticated tools, Moomoo is a great platform for all investors.

Moomoo currently offers one of the best signup bonuses in the market. You can earn up to 15 free stocks and earn 8.1% APY on your uninvested funds.

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, though we heard crypto will be available soon.
• 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

Simply follow these steps to earn free shares from Moomoo.

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. 

Coinbase

If you’re looking to start investing or even just diversifying in cryptocurrencies, Coinbase is one of the best brokers you can use. It’s US-based and has over 100 million customers.

Coinbase offers a sizeable $200 reward in BTC for your first trade.

Take them up on their offer and link your new Coinbase account to Ziggma to keep on top of all of your investments in one place.

Pros of Coinbase

• Wide Select of Cryptocurrencies: More than 240 different cryptocurrencies for US customers to trade.
• User-friendly Interface: They have invested significant resources into providing a user-friendly platform, which makes buying and selling crypto simple and enjoyable.
• Security is a Priority: They use two-factor authentication and other security measures to safeguard user accounts.
• Coinbase Wallet: They have a separate self-custody wallet app that supports thousands of digital assets.

Cons of Coinbase

• Account restrictions: Some users have reported issues accessing their accounts if they’re traveling. While this is a safety feature, it can be an inconvenience.
• Fee transparency: Understanding the fees to trade crypto on Coinbase can be a bit confusing. However, if you’re buy-and-hold investor, trading fees won’t be much of an issue for you. As a frequent trader, you are eligible for no-fee trading.

How to Earn Your Free Reward From Coinbase

Earning your free reward from Coinbase is easy. You’ll just follow these steps.

1. Sign up for a new Coinbase account.
2. Purchase any cryptocurrency on the Coinbase Platform.
3. Your bonus of up to $200 will be added to your new account within 48 hours.

Public

On Public, you can build a multi-asset investment portfolio of stocks, options, bonds, crypto, and more. You can even put your cash to work at an industry-leading 4.1% APY*. Public is a US-based company and member of FINRA with an award-winning customer support team. Plus, only Public has Alpha, an AI-powered investment research assistant that can answer any question about any stock. Fund your account in five minutes or less—and earn up to $10,000** when you transfer your old investment portfolio.

Pros of Public

• Commission-free Trading: Public does not charge commissions on US-listed stocks and ETFs. Plus, when you’re trading options, you can earn a rebate on each contract, making Public the most cost effective place 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, and crypto.
• Transparency: Many brokers earn revenue through payment for order flow on equities trades. Public doesn’t operate this way and is very upfront about it. 
• AI-powered Insights: Alpha, Public’s AI-powered investment research assistant, provides context and can answer any question about a stock to help make you informed investment decisions.

Cons of Public

• No Mutual Funds: You won’t have access to any mutual funds.

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.

All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. Treasury accounts offering 6 months T-Bills are offered by Jiko Securities, Inc.,member FINRA & SIPC. Securities in your account are protected up to $500,000. For details: www.sipc.org. Banking services and the Bank Accounts are provided by Jiko Bank, a division of Mid- Central National Bank. For U.S. Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value. Treasuries risk disclosures, see https://jiko.io/docs/treasuries_risk_disclosure.pdf. See public.com/#disclosures-main 

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.

Pros of TradeStation

• Wide Range of Products: TradeStation offers access to many different products, including stocks, bonds, ETFs, mutual funds, options, futures, and crypto.
• 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.
• 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.
• 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. 
• Inactivity Fee: 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..

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.

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.

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.

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.

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. 

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.