The Robinhood zero-commission stock brokerage account is now offering 1 free share of stock worth $10 for both new and current clients through the Robinhood Referral Program.
Just sign up through this Robinhood Referral Bonus Link to get 1 free share of stock (valued between $3 and $150, but averages $10) when your new account application is approved.
Robinhood offers zero-dollar commissions for self-directed individual or joint cash brokerage accounts that trade listed and OTC equity securities via web or mobile devices.
There are no fees to open or maintain your Robinhood account, and there is no minimum balance requirement to open your account or to qualify for the free stock share bonus.
Updated 4/18/2017: Please note that the Robinhood referral program reward has changed from a $10 cash bonus to invest on your own to now being a free single share of stock valued at $10 that you can either sell or hold for both parties.
Robinhood is a brokerage account that provides free stock trading, so that you can stop paying trading commissions for every stock trade that you make.
You can use Robinhood to invest in publicly-traded companies and exchange-traded funds that are listed on U.S. exchanges.
You can place orders using Robinhood to buy and sell stocks with zero commissions.
There are no fees to open or maintain your Robinhood account, and Robinhood does not have a minimum account balance requirement for cash accounts.
You can link your bank account with your Robinhood account, which allows you to transfer funds between your bank account and your Robinhood account via ACH transfers for free.
Robinhood Free Share of Stock Sign-Up Bonus
Just visit this Robinhood Referral Link and open your account to receive 1 free share of stock upon approval.
It could be a stock like Apple, Ford, or Sprint, and the value ion the share may be anywhere between $3 and $150.
Once your account is approved by Robinhood, the free bonus stock share will become available to you within 1 week and appear in your Portfolio section of the app.
You are allowed to sell the free share of stock 2 days after you receive it, so it’s completely up to you whether you keep or sell the stock.
You can use the proceeds from the sale toward other stocks that you want to invest in, or you can withdraw the proceeds from the sale as a deposit to your connected bank account.
However, you have to keep the cash value of the stock in your account for at least 30 days before withdrawing it.
After the 30-day window, there are no restrictions on the money.
If Robinhood adds 1 share worth $10 to your account, you cannot withdraw the $10 you receive by selling the stock for 30 days.
If Robinhood adds 1 share worth $10 to your account and you deposit $100 dollars into your account, you can only withdraw $90 until you sell the stock bonus.
After you sell the share, you will be able to withdraw an additional $10.
There is a limit of 1 bonus with a maximum of 1 account per client.
Robinhood Referral Program Free Stock Bonuses
Once you create your free Robinhood account, you can share your referral link with friends, and you’ll both get 1 free share of stock when their application is approved.
Please note that this promotion is only available to a select group of users, so not everybody may see it available in the Robinhood app, but they are planning to make this available to everyone very soon.
Once your friend signs up with your referral link and their new Robinhood account is approved, you will both receive a free single share of stock in your accounts.
When your friend’s application is approved, the shares of free stock are chosen randomly from Robinhood’s inventory of settled shares.
Because they choose randomly, you and your friend may not receive the same stock.
The value of the share may be anywhere between $3 and $150, but the average free stock reward will have a value of $10, and the value fluctuates based on market movements.
Robinhood chooses companies and purchases stocks every day into the inventory based on their total value (market capitalization) and the price of each share.
There is an approximately 80% chance of the stock bonus having a value of $3-$10, an approximately 18% chance of the stock bonus having a value of $10-$50, and an approximately 2% chance of the stock bonus having a value of $50-$150, based on the price of shares at the time of purchase.
The stock bonus will be credited to the enrolled accounts within approximately 1 week.
The stock bonus, when combined with the value received from all other offers in the last 12 months, may not exceed $500 per household.
Shares from stock bonuses cannot be sold until 2 trading days after the bonus is granted.
The cash value of the stock bonus may not be withdrawn for 30 days after the bonus is awarded.
The offer is available to U.S. residents only.
Employees, contractors, or persons similarly associated with Robinhood or a Robinhood affiliate; members of their household; and employees of any securities regulatory organization or exchange are not eligible.
Check out Robinhood’s zero-commission stock brokerage, and refer your friends to earn free stock share bonuses.