Invest with These 6 Brokerages and Get Free Stocks
Everyone likes to get something for free, and that includes investors. What if I told you that you could get free stocks from some brokerages? It is a little hard to believe at first, but it makes sense.
How to Earn Free Stocks?
How do you earn the free stocks? Actually, it is fairly easy. In most cases, all it takes is just signing up for a new brokerage account using a promotion code or referral link and meeting the minimum requirements.
Tax Consequences There may be tax consequences of receiving free stocks since it counts as other income in your tax return. You also may have capital gains if you later sell the stock at a higher price than when you received it.
Robinhood – Free Stock Between $3 and $225: Robinhood will give you between $3 and $225 in one free stock just for downloading their app and opening a free account.
These Brokerages Will Give You Free Stocks
Stash does offer $5 cash for signing up and depositing $5 in your account. You can take the $5 and buy free stocks with it. Since $5 is not much, you will likely be buying fractional shares.
Stash – Micro-investing
Acorns – More Micro-investing You may have heard about Acorns since the investing app has received a lot of press for planting oak trees and is backed by big-name investors, including some actors and athletes. You can receive free cash of $5 for signing up and making your first investment. You can take the $5 and buy free stocks with it.
Webull – Free Stocks Between $3 and $2,000
Webull will give you between $3 and $300 in one free stock just for opening a brokerage account with them. The nice part is that you don’t need to deposit any money into your account.
M1 Finance gives you free cash of $30 if you refer a friend and they sign up. There are a few other requirements too. You must have a funded investment account.
M1 Finance – Invest in a Pie
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