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Free Stocks: 8 Legit Ways to Get Free Shares

Free Shares of Stock
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Several investing platforms give you free stock or cash for creating an account or making an initial deposit, making them among the best get paid to sign-up websites you’ll find.

Here’s a list of the top offers available today, ranked based on a combination of offer value and difficulty to earn. Just click the name of each platform to jump to our summary of the offer, or scroll down to read the full article.

CompanyFree Stock Offer
MoomooUp to 15 free shares worth at least $3 each.
WebullTwo free shares for opening an account, and four to 10 additional shares (awarded randomly) for making a deposit of any amount.
PublicOne free share worth up to $300.
RobinhoodUp to $200 in free shares with no deposit required.
Stash$20 in free stock for a 1 cent deposit.
Tornado$9 to $1,000 in cash to invest on the platform.
Stockpile$10 in free stock.
Acorns2% to 20% as cash-back invested into ETF shares.

In most cases, the value of the stock you’ll receive is random and falls within a fairly wide range. When testing the below offers, the values we received ranged from $7.77 to $48.12. There is a small chance, however, of hitting the jackpot with shares worth hundreds of dollars.

Most of the time, opening a new account is cost-free, risk-free, and only takes a few minutes.

But keep in mind that some free stock offers have requirements that you need to follow, so it’s important to make sure you read the fine print and follow the instructions to get your free shares.

Editor’s Note: We update this post on a regular basis to make sure the information is accurate, but free stock promotions change frequently, so be sure to read the details when signing up.

The Best Free Stock Offers

Each one of the platforms below differs in features. Some offer a simple interface for beginners, while others cater to advanced investors who want to go deeper.

There’s nothing wrong with signing up for these services just for the free stock. If that’s the case, feel free to sell your shares and transfer the funds to your bank account. 

But if you’re investing for the long-term, take some time to evaluate how each platform’s features fit with your financial goals.

#1. Moomoo

Moomoo is a fee-free stock trading app for experienced, active investors looking for advanced analytical and filtering tools on their mobile devices. (It also offers desktop and tablet versions.)

  • Offer value: Up to 15 free shares of stock, depending on your initial deposit amount. You get one free stock after opening an account, five more free shares if you deposit $100, and nine additional shares if you deposit $1,000 or more.
  • Requirements: Join using our referral link and you’ll get one free share (no deposit required).
  • Cashing out: You can claim your free shares once your deposit clears (around five business days). At that time, you’re free to sell them and cash out.
  • What we got: In a now expired promotion, we received one share of ContextLogic, two shares of GoPro, and two shares of Palantir Technologies, for a total value of $61.53.

Moomoo is designed to make advanced data and research tools accessible on the go, bringing the data and research tools normally found on desktop platforms to your mobile device. That makes it a favorite of active traders. Note that it also offers options trading and has an optional margin account.

Get more details about the Moomoo free stock offer, and read our in-depth Moomoo review to learn about how the platform works.

Join Moomoo.

#2. Webull

Webull is a free stock trading platform with various investment products and advanced research tools that you’d typically find at paid brokers.

  • Offer value: Two free stocks (valued between $3 and $300 each) for signing up and opening an account. Make a deposit of any amount to get an additional four to 10 shares (valued between $7 and $3,000 each).
  • Requirements: Join using our referral link to activate this offer.
  • Cashing out: You can sell your free stock immediately, but you must wait 30 days to withdraw the proceeds from Webull.
  • What we got: In a now-expired promotion that awarded four free stocks for signing up, we received four shares of Investors Bancorp Inc., valued at $12.03 at the time (for a total of $48.12).
Webull Free Shares
Our Webull account, showing the four free shares we received.

On Webull, you can open an IRA or a taxable investment account and trade stocks, ETFs, options, and even cryptocurrency commission-free. It also allows you to open a margin account (borrowing from the broker to invest) and engage in short selling (borrowing stocks to sell them and buy them back later for less).

Webull provides advanced charting tools, technical analysis features, and real-time stock market data — all of which you can access via PC, the web or a mobile device. 

Get more details about the Webull free stock offer, and read our in-depth Webull review to learn about how the platform works.

Join Webull.

#3. Public

Public is a stock trading app that aims to simplify the investing world and make it a more social experience through news updates, community features and fractional investing.

  • Offer value: Stock bonus of one free share worth between $3 and $300.
  • Requirements: Deposit $10 and leave it in your account for 30 days.
  • Cashing out: You can sell your stock immediately upon receiving it.

Public gives beginners a way to learn fast with social features. You can exchange ideas with friends and experts, and the app keeps you informed by sending you news updates about the companies you hold and follow.

Getting started is inexpensive, as trades are commission-free and you can buy fractional shares of stocks and ETFs.

Get more details about the Public free stock offer, and read our in-depth Public review to learn about how the platform works.

Visit Public.com to get started.

#4. Robinhood

Robinhood gives you free fractional shares of stock when you link a bank account. No deposit or transaction is required. To take advantage of this opportunity, you must sign up through a referral link.

  • Offer value: Fractional shares of stock valued between $5 and $200.
  • Requirements: Link a bank account.
  • Cashing out: Must wait three trading days to sell your stock, and 30 days from the sale to withdraw the funds to an external account.

Robinhood is the original commission-free trading platform. It offers easy access to individual stocks, ETFs and cryptocurrency trading, and even has an optional checking account and free IRA accounts. (No mutual funds are available on the platform.)

According to Robinhood, new users can expect to receive anywhere from $5 to $200 in free stock, with a 98% chance that the share value will be between $5 and $10. 

After linking a bank account, you’ll choose from a list of America’s top 20 companies based on market cap — making this one of the few free stock offers that lets you pick the shares you want.

Sign up for Robinhood or get more details on our Robinhood referral code page.

#5. Stash

Stash Invest is a beginner-friendly investment app that offers a variety of automated investment options, $5 minimums and a user-friendly experience.

When you sign up for a new account through our Stash referral link, you’ll get a $20 cash bonus when you do the following:

  • Link an external bank account.
  • Add at least 1 cent to your Stash Personal Portfolio.

The $20 bonus must be used to invest on Stash, but you can choose any individual stock or ETF you would like to invest in.

The bonus cannot be withdrawn for 90 days

Stash does have monthly fees, ranging from $3 to $9. You can cancel at any time, and there are no penalties or fees for doing so.

Download Stash Invest.

#6. Tornado

Tornado (formerly called Nvstr) is an online brokerage that helps its users discover investment ideas through collective wisdom and lets you optimize your portfolio with advanced tools.

  • Offer value: $9 to $1,000 in free cash to invest.
  • Requirements: Sign up for an account. Must place a trade within three months to keep the cash.
  • Cashing out: Cannot withdraw free cash for one year. 

Tornado combines social media features with an investment platform to encourage idea-sharing, resulting in the discovery of new investment insights. Users can enhance their learning by seeing what big investors are saying.

Additionally, Tornado offers simulated trading, helping you learn the basics and implement new ideas without risking your money.

Learn more in our Tornado review.

Sign up to take advantage of Tornado’s free stock offer.

#7. Stockpile

Stockpile is a fractional share trading mobile app that also lets you send people shares of stock as gifts.

  • Offer value: $10 in free stock.
  • Requirements: Buy your first stock on Stockpile, or give an e-gift of $10 or more.
  • Cashing out: You can cash out instantly. You’ll receive today’s closing market price if selling before 3 p.m., or tomorrow’s closing price if selling after 3 p.m.

Stockpile lets you buy stock “gift cards,” from $1 to $2,000 in value, and send them to family and friends. It offers over 1,000 stocks, ETFs, and American Depository Receipts (ADRs).

Stockpile can also help you get your kids into investing early. You can open an account for kids and let them pick investments that you pre-approve of. They also have mini investing lessons on their mobile app.

The app is focused on fractional shares, with the slogan “You favorite stocks by the dollar.” However, each trade costs 99 cents, which makes buying stocks “by the dollar” a very expensive proposition. 

Platforms like Cash App allow you to buy fractional shares with zero fees. And that’s a great idea if you’re a beginning or small-scale investor, because it gives you a chance to get into the stock market in a diversified manner even when you only have a few bucks to invest.

But if you’re investing such small amounts of money that buying fractional shares makes sense (for example, putting $1 at a time into 10 different stocks), paying a 99 cent fee for each trade will obliterate your potential returns. 

Stockpile offers a $10 bonus when you make your first investment on the site.

#8. Acorns

Acorns is best-known as a micro-investing app that allows you to round up your debit card purchases and invest the spare change in exchange traded funds (ETFs), but it also offers ways to get free ETF shares by shopping through its online portal and signing up for free offers.

  • Offer value: Flat dollar amount of $2 to $100, or 2% to 20% cash-back.
  • Requirements: Shopping through partner retailers via the Acorns Earn portal.
  • Cashing out: Acorns Earn credit takes 60 to 120 days (on average) to appear in your account. Once it’s been added to your balance, you can sell your ETF shares and withdraw the funds to your bank account.

Acorns is not a stock trading platform, but rather a passive investing app that takes on as much of the investing work for you as possible.

Shopping online through Acorns’ partner retailers earns cash-back that gets automatically invested into your portfolio. The platform has hundreds of partners, including major retailers like Apple and Nike, so it’s possible to get a significant amount of free money via this method if you regularly shop online. 

Additionally, the site also offers flat-rate bonuses for acting on special offers. For example, users were recently offered $10 cash for signing up for a free trial of the Wall Street Journal and $5 cash for getting a free life insurance quote.  

However, Acorns does charge a monthly fee of $3. That means it may not be the best choice if you only use it occasionally, as the fee could overwhelm your returns.

On the other hand, if you’re the kind of person who struggles to set aside funds for investing, the Round Ups feature (which invests your spare change on your behalf), can be well worth that small fee.

As for available investments, you can choose from three different portfolios of ETFs based on your risk tolerance.

Get to know Acorns and sign up here.

Brokerage Account Cash Bonuses

The list above highlights offers from online-only brokers and trading platforms, which are fairly new to the investing landscape. By all accounts, these companies are safe, reliable and regulated places to invest your money.

But if you’d prefer to invest with a more traditional brokerage — the kind that’s been around for decades, gives you access to a more fully-developed trading platform, and (sometimes) even gives you a real person to talk to about your investments — you may still be able to get a signup bonus. 

With that said, traditional brokerage account opening bonuses typically require a significant initial minimum deposit in order to qualify. The list below highlights the smallest bonuses offered by popular brokers at the time of writing. In most cases, you can earn more if you have more to invest.

  • Ally Invest: $100 when you deposit at least $10,000 and leave it in your new account for 60 days.
  • Charles Schwab: $100 when you deposit $25,000 and leave it in your account for 45 days.
  • E-Trade: $50 when you deposit $5,000 and leave it in your account for 60 days.
  • Merrill: $100 when you deposit $20,000 and leave it in your account for 90 days.

Keep in mind that these offers change all the time. While we update this page on a regular basis, you’ll need to visit each broker’s website to see their current promotions.

You can see more options in our list of the best brokerage sign-up bonuses.

Frequently Asked Questions About Free Stocks

Here are a few common questions we get asked about how to get free stocks. If you’re wondering about something that wasn’t covered in this article and isn’t listed below, let us know by leaving a comment — we’ll research the answer and add it to this FAQ section.

Why do companies give away free stock?

These promotions are a form of marketing and a way to get a new investor (and their funds) onto a particular stock trading platform. This is not uncommon, as many different types of websites offer sign-up bonuses as an incentive for joining.

Do you have to pay taxes on free stocks? 

When you receive a free share of stock, it does count as taxable income — just as if you were given a cash gift.

You’ll be required to report the value of the shares (at the time you receive them) to the IRS, and you’ll be taxed on that value.

Note that this income will be taxed at your standard rate, as the gift of a share is not considered a capital gain.

If you decide to sell your free share, and it has increased in value since you received it, you’ll be taxed on that increase — this time at the short-term capital gain rate.

What are DRIPs?

The phrase “DRIP” stands for dividend reinvestment plan. With a DRIP, your broker or investment platform reinvests any dividend earnings you receive from your shares back into your holdings. Since you aren’t pulling more money from your wallet, you’re essentially getting free stock with each dividend payment.

Do you have to provide credit card information to take advantage of these free bonus offers?

We have never encountered a free stock offer that requires you to provide a credit card number.

In most cases, you’ll be asked to link a bank account in order to fund your new brokerage account and claim your free stock shares.

This is usually done through Plaid, a third-party service that keeps your account information secret during the linking process.

How to Get Free Stocks: Final Thoughts

The earlier you start to invest, the better off you’ll be in the future, as making smart investments is one of the keys to building wealth.

And while I don’t recommend investing a big portion of your funds in individual stocks — 5% to 10% is a reasonable target if you’re interested in the market — many of these platforms offer easy and cheap (or free) ways to put your money in relatively safe products like exchange traded funds. 

By the way, if you’re wondering why my limit for investing in individual stocks is so low… it’s because picking stocks is very, very hard. I wrote about why in this post that explains what happened when I bought Tesla shares for $26

But aside from the above considerations, these offers can be a great way to bolster your bank account if you need to make some extra money quickly — even if you’ve already got your investment portfolio on track.

R.J. Weiss
R.J. Weiss is the founder and editor of The Ways To Wealth, a Certified Financial Planner™, husband and father of three. He's spent the last 10+ years writing about personal finance and has been featured in Forbes, Bloomberg, MSN Money, and other publications.

2 Comments

  1. Bumped has shut down as of 12/22/2022.

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