To provide an opener, I’ll refer to the recent article published on Wall Street Survivor.
Do you love free stuff? I think everyone should respond with a resounding ‘YES.’
Because who doesn’t love free stuff? But I know what you are wondering… is this so-called “stuff” truly free?
“Truly free” means a 100% legitimate, no-strings-attached offer. These offers are few and far between. Furthermore, you often end up paying for free offers one way or another.
Because who gives anything away for free?
There is always some type of trade-off whether it be money, time, or hoops to jump through. Trust us when we say – we understand your pain.
Free offers should be FREE with no strings attached. And that is precisely what will present you with today… Robinhood’s free stock promotion.
What is Robinhood App?
According to Investor Junkie’s review, Robinhood is a discount stock broker that has certainly been a hit from its inception in 2015. Currently, the platform boasts more than 5 million users. That surpasses the number of people who use popular brokerage E*TRADE. As of May 2018, Robinhood’s platform has hosted more than $150 billion in transactions. And the company has been recently valued at $5.6 billion.
2018 was a huge year for Robinhood. The company has expanded its web version, built up its Options Trading service and rolled out Robinhood Crypto, which lets you trade some of the most popular cyber currencies.
Plus, there’s this bombshell that was released in December 2018: Robinhood will start offering checking and savings accounts with no associated fees plus a practically unheard-of 3% interest rate on savings.
How to get your free stock
Let’s resort back to the explicit instructions and breakdown from the earlier Wall Street Survivor article. To put it simply, you just need to sign-up and receive your free stock – but we are here to walk you through this process.
Step 1: To be eligible for this offer, you must be new to Robinhood.
- If you have an account, you are not eligible for this offer. Creating a second account is not an option (sorry).
Step 2: You must sign-up for Robinhood using a referral link (see below).
After you follow the referral link, you will need to provide some standard information:
- Social Security Number
- Date of Birth
But do not be alarmed – any brokerage account will require this information. From there, the app will prompt you to link a bank account to your new account.
You are not required to enter your banking information to qualify for this offer; however, if you plan to use the Robinhood app this will be helpful.
Lastly, this is an app-based platform so you will need to download the app!
Robinhood will add 1 share of free stock to your account when your brokerage application is approved. You can choose to keep the stock or sell it after 2 trading days.
What is your free stock worth?
So, you are likely wondering, “Do I get to pick my free stock?”
Common sense would tell you ‘no,’ given the per share value of certain stocks. However, I can give you the odds of landing certain stocks that may especially interest you:
- 1 in 90 odds of getting Facebook, Apple, or Microsoft
- 1 in 150 odds of getting Ford, Spring, or GoPro
- 100% change of getting a free share of stock!
As for the value of each share, that highly depends on the movement of the market. But even if you receive a share worth $10 or less – it is still free money!
Here are the approximate odds of receiving shares within certain monetary values:
- 98% chance of getting free stock with a value between $2.50 and $10.
- 1% chance of getting free stock with a value between $10 and $50.
- 1% chance of getting free stock with a value between $50 and $200.
Some of the stocks we have seen people receive include:
- Home Depot
- Rite Aid
- Office Depot
So, definitely plenty of “brand names” to be had when you redeem your free shares.
How Robinhood chooses your free stock
The shares of free stock are chosen randomly from their inventory of settled shares. Because the shares are chosen randomly, you and your friend may not receive the same stock.
The value of the share may be anywhere between $2.50 and $200, and fluctuates based on market movements. They choose from the most popular companies on Robinhood, based on the total value and the price of each share.
How Many free stocks can you win?
You can receive up to $500 in free stocks. You can check the price of each stock you get in the History tabs for these stocks.
If your total value of free stocks is approaching $500, you’ll stop receiving free stocks once the lowest priced stock in our inventory would bring you over the $500 limit. For example, if you have $497.00 in free stocks and the lowest-priced stock in our inventory is $3.75, you won’t be able to receive more free stocks. However, your friends will still receive a free stock if they sign up with your invite link.
If you are trying to get your feet wet with trading stocks and cryptocurrencies and prefer mobile-friendly apps, then I’d recommend giving Robinhood a try and earn us both a Free Stock in the process.
If you do sign up using the links herein, please be sure to come back and comment what stock you got!