How to Get Free Stocks – 13 ways for Free Shares

Is a shortage of funds preventing you from making investments? When there are countless ways to obtain free stocks and enter the investment world now without spending a lot of money, stop putting off planning for the future.

Too many people hesitate to start investing for far too long. Many individuals believe that it costs a lot of money to start investing, despite the fact that some lack the expertise to do so and are unsure of what to invest in.

The truth is that you lose more money the longer you wait. On the other hand, the more money you normally finish up with the earlier you start investing.

You’re at the right place if you’ve been holding back until you save more money or make more money. One of the finest methods to begin investing, expand your portfolio, and amass riches is by receiving free stocks.

13 ways to get free stocks have been compiled by us, so you may start investing right away.

Obtaining Free Stocks

Over the past few years, many internet brokers have lowered their costs as a result of intense competition. It’s excellent news for investors that many brokers now provide free stock trading in order to remain competitive. In order to attract more active traders to their platforms, numerous investment apps and platforms have upped their game and now give investors free stock shares.

13 Apps That Offer Free Stocks

These 13 trustworthy investment firms provide incentives or a free stock program. When you sign up for one of the sites below, you might receive free stocks or bonuses worth anywhere between $2 and $1,600.

1. Deliciousworks

We’re giving you the finest right away rather than saving it for last. And yes, TastyWorks is the finest option for free stocks, despite the fact that its name for a financial organisation could be a little deceiving.

Despite its amusing moniker, TastyWorks is a professional online brokerage platform dedicated to assisting you in planning for the future. They provide low-cost trades with a strong emphasis on informative materials and practical tools to support DIY investors.

Additionally, TastyWorks is currently offering new customers $200 in free stock when they register an account with a $2,000 initial investment. With such a big bonus, you can start to accumulate a nest egg.

2. Stash and Invest

Stash is a bank and micro-investment platform, so you can start investing with their mobile app for as little as $5 and buy fractional shares, as they are known. They also provide other financial products, including equities, exchange-traded funds (ETFs), and index funds.

As a Stash user, you will also have access to their training materials, which will show you how to create a debit card and a diversified portfolio. When you use your Stash debit card to make purchases, you will receive online stock rewards instead of cash back, which is a wonderful way to build your investments without needing a sizable initial investment.

You will get a $5 cash bonus when you sign up for their site and deposit $5 into your brand-new account. Use your bonus to start investing or to quicken the growth of your wealth by buying fractional shares of stock. Despite the fact that $5 may not seem like much, even little sums spent regularly over time will have a big influence on your portfolio.

3. Public.com

Public.com is an online community for investors where users can follow well-known creators, hold small fractional shares of stocks and ETFs, and exchange ideas. The goal of Public.com is to make the stock market a welcoming and instructive environment for both novice and seasoned investors.

Public.com Provides Two Opportunities to Receive a Free Share of Stock:

• If you sign up and are accepted, you can receive a free share of stock (no deposit minimum is required). Offer applicable for Americans aged 18 and over; account approval required. Public.com claims that there might be additional trading costs; for details, check their disclosure.

Public pays its members for assisting their friends in beginning their investment careers. You and your friend will each get a free share of stock if you share your special referral link with a friend who successfully establishes an account.

4. M1 Finance

Robo-advisor M1 Finance is a great option for new investors who wish to start trading equities. You’re able to buy and sell stocks without paying any transaction costs. Additionally, all users have access to the portfolios that over 80 specialists have constructed.

You can make a deposit and delegate activities, such as portfolio rebalancing, to M1 Finance. That is automated, cost-free investing. You can invest in individual stocks, REITs, and ETFs through M1 Finance as well. Additionally, they provide fractional shares, allowing you to purchase a portion of a share rather than a complete share.

For instance, Google stock is currently valued at $2,200, so you would need to put down $2,200 to get one share. However, you may put $100 into Google through M1 Finance and end up with a modest ownership stake in the company.

With M1 Finance’s referral programme, you can receive a $30 welcome incentive. You can refer new customers after you have an account, and you will receive $30 when they register and pay their account.

5. Oaknuts

Another programme that gives new users free stock is Acorns. When you sign up for Acorns, your account will receive an addition of up to $5. Use that $5 to offset the $1 monthly price that Acorns charges you in order to use their service. Additionally, spending money with particular partners can increase your earnings.

You will receive $0.50 each time you use Uber; $0.03 for each dollar spent on Amazon; or $75 when you purchase a mattress from Casper, for instance. It’s a terrific method to increase your money over the long run and get bonuses on purchases you already plan to make.

Acorns is a microinvesting programme that invests the remaining money after rounding up your purchases to the next dollar. It’s a great method to ease into the stock market by making little investments that have little financial impact.

6. Webull

Webull, a more recent online brokerage that debuted in 2018, is comparable to Robinhood in that it allows users to buy and sell stocks, options, exchange-traded funds, and cryptocurrencies. The portal also offers trading without commission. Webull also provides longer trading hours, real-time stock data, and other tools and reports that are comparable to those offered by conventional brokerages. With the help of premium services, margin interest, and other strategies, Webull generates income from uninvested funds.

When you open a brokerage account with Webull without making a deposit, they will give you one free stock worth $3 to $300. However, you can receive a second free stock worth between $8 and $2,000 if you fill your account with $100 or more.

You have a 100% chance of getting two free stocks, according to Webull. However, keep in mind that Webull’s inventory is randomly chosen for the stock, and you have 30 days to claim your free. According to the website, there is presently a one-in-one hundred chance that you may receive free shares of Facebook (FB), Starbucks (SBUX), or Snap (SNAP). Additionally, there is a 50/50 possibility that you will receive free shares in Kraft Heinz, Procter & Gamble, and Google (GOOG) (KHC).

Webull is definitely worth a look since it has one of the higher-value free stock programmes on our list.

7. Sofi Invest

SoFi is a well-known platform for investment that provides a variety of services, including investing, and is a great option if you want to trade stocks, ETFs, and cryptocurrencies. They offer active trading but do not offer trading in mutual funds or options.

ETF trades are also commission-free. To start investing and opening an eligible account, all you need is $1. Open an Active Invest account, download the SoFi app, and you’ll receive a free stock worth up to $1,000.

8. Robin Hood

One of the top investing apps for novices is Robinhood. This is the place to start if you’re a beginner. One of the first apps to start providing commission-free trades was this one. Even though they did get into trouble after the Gamestop/Reddit scandal, Robinhood is still a reliable online trading platform.

When you sign up for a free Robinhood account, you’ll receive a free stock worth between $3 and $225. Although you can’t pick the exact stock you desire, you might get a share of Apple, Microsoft, Ford, Groupon, JPMorgan, and many more companies. It’s an excellent method to begin or continue your investment journey and accumulate wealth over the long term.

To get your free stock, the only requirement is to link your bank account. After joining the site, you can then refer others to receive a free stock. Robinhood is an easy-to-use programme that is perfect for novices if you are new to investing. Offering stocks, exchange-traded funds (ETFs), fractional shares, and cryptocurrencies, it has a wide range of possibilities. Additionally, you can invest in option contracts and buy investment options.

However, it’s crucial to understand options trading because it’s frequently done on leverage and because market volatility might significantly affect your outcomes.

9. Build a trove

One of the most often used stock-giving programmes is called Stockpile. Through Stockpile, you may give stocks as gifts and use the gifts you receive as cash.

Younger investors who might be unsure of what investments to buy would benefit greatly from receiving presents of stocks, which is a creative substitute for gift cards. Each new investor receives $5 worth of free stock from Stockpile.

Tesla, Disney, Amazon, and more stocks are among those offered. To acquire your $5 in free stock, all you have to do is register with Stockpile. Once you’ve registered, you may also recommend friends to Stockpile to receive further benefits. For instance, $5 will be sent into your PayPal account, and the friend or relative you recommended will also get $5 worth of free shares.

10. Lower level

You can invest in short-term real estate investments through the crowdfunding service provided by Groundfloor, an online investing platform. You give money to real estate investors who refurbish and rent out houses through these investments. Right now, Groundfloor is running a promotion that gives $10 if you sign up through a referral link.

You receive your referral bonus link when you sign up, and you both receive $10 for each member you refer. To increase your wealth even more quickly, you can use the funds to invest in more real estate projects.

11. Nvstr

Nvstr, which is pronounced “investor,” is a platform for trading and investing. You can trade stocks and ETFs on NVST with no account minimum. In addition to live trading accounts, Nvstr also offers simulated accounts.

NvStr sets itself apart in two ways. It offers a one-click portfolio optimizer built on the findings of a researcher who won the Nobel Prize. To maximise return while lowering risk, the optimizer strives to find the best portfolio allocation. This NVSTR review has further information on the Portfolio Optimizer.

The site also has a social component, including Viewpoint Contributors, Community Thought Leaders, and a social media feed with pros and cons. The aim is for you to acquire suggestions for investments from other community members rather than actual investing advice.

A subscription service with commission-free trading is called Nvstr. For 25 free trades each month, you’ll pay $4.99. Alternatively, if you’d rather not sign up on a subscription basis, you can pay $4.50 per trade.

When you sign up for an account and make a trade within a month, Nvstr will give you actual money, ranging from $10 to $1,000. Buy stocks using the free money you have. You have a 100 percent chance of winning at least $10, a one in twenty chance of winning $20, a one in two thousand chance of winning $500, and a one in five thousand chance of winning $1,000.

12. Moomoo

A trading app for both novice and experienced investors is Moomoo. They offer pre- and post-market stock trading tools and don’t charge commissions or have a minimum deposit requirement.

Just register on their platform, add money to your account, and receive free stocks. For instance, if you deposit $100 into your account, you will receive a free stock worth between $4 and $200. You will receive a free stock worth between $10 and $1,000 when you make a deposit of at least $1,500 to your account.

13. Dough

Dough is a straightforward and inexpensive online broker that provides commission-free trading and no account opening requirements. They only have an app through which to sell their services, and it has an intuitive interface. This is the ideal online choice if you like mobile trading.

You will receive a free share worth $2–$200 when you join Dough through a link provided by an existing Dough user. However, you must first deposit $25 into your account if you wish to cash out.

Tax repercussions

While getting free stocks is a terrific method to increase your net worth, it’s crucial to keep in mind that since they qualify as taxable income on your tax return, they may have tax repercussions.

If you sell the stock for more money than you paid for it later, you might also need to report capital gains. If you have any tax-related questions, it’s a good idea to speak with your accountant or a financial planning expert.

Positive News

Nothing is stopping you from starting an investment portfolio now that you have a list of possibilities for obtaining free stocks. You can become less reliant on your employment or business as a single source of revenue by diversifying your sources of income. So join these platforms, receive free stocks, and amass lasting wealth.