These Brokerages Will Give You Free Stocks

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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.

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All it takes is just signing up for a new brokerage account using a promotion code or referral link and meeting the minimum requirements.

How to Earn Free Stocks?

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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.

Tax Consequences

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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

Robinhood 

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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 

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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. Acorns also has a rewards program where you can earn $5 for inviting friends.

Acorns

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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.

Webull

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