We may earn a commission for purchases through links on our site at no cost to you, Learn more.
Getting free stocks has never been easier. Most platforms offer them when you open an account and make a small deposit. This instantly grants you a shot at receiving shares worth hundreds of dollars. For instance, my friend scored a free Meta (formerly Facebook) share valued at over $140 when I referred them to Robinhood. All it took was 5 minutes to download the app.
You can make the most of multiple offers across various apps simultaneously, multiplying your chances of earning free stocks. If you don’t fancy the app, you can wait until the free share is available to sell, then transfer it out.
How to get free stock today
Whether you’re a new investor aiming to jumpstart your portfolio or simply after free stocks, here are the top 18 apps that offer them. I’ve ranked these based on the quality of the bonus, how easy it is to unlock, and my liking for the app.
I’ll guide you through unlocking each free stock share and cash bonus and highlight what I like or dislike about each brokerage.
| App | Best for | Promotion | Sign up |
|---|---|---|---|
| moomoo | Intermediate traders | 16 free stocks | Get the bonus |
| Public | Overall | $3-$300 in free stock | Get the bonus |
| Robinhood | New investors | $5-$200 in free stock | Get the bonus |
| Webull | New, active traders | Up to 12 free stocks worth up to $3,000 | Get the bonus |
| eToro | Social trading | $10 cash bonus | Get the bonus |
| M1 Finance | Automated, long-term investing | $75-$10,000 cash bonus | Get the bonus |
| Acorns | Families | $10 cash bonus | Get the bonus |
| TradeStation | Active traders | $150-$3,500 cash bonus | Get the bonus |
| Stash | Young investors | $20 in free stock | Get the bonus |
| SoFi Invest | Full-service | $5-$1,000 free stock | Get the bonus |
| Tornado | Seasoned investors | $9 to $1,000 free stock | Get the bonus |
| Stockpile | Purchasing fractional shares | $10 free stock | Get the bonus |
| TradeUP | Seasoned active traders | $1,800 based on your initial deposit | Get the bonus |
| Firstrade | Multiple investment options | $3 to $200 free stock | Get the bonus |
| Fundrise | Real estate investment | $10 free stock | Get the bonus |
| Plynk | Beginners | $10 to $100 | Get the bonus |
| DiversyFund | Real estate investment perfect for beginners | $100 bonus for new accounts if you invest a minimum of $500 | Get the bonus |
| E*TRADE | Building a personalized investment portfolio | Up to $600 by opening and funding a new brokerage or retirement account with $5,000 or more | Get the bonus |
Here are the 18 best free share apps to get free stocks right now:
1. Moomoo: Trade stocks, ETFs, and options for free
moomoo is a trading platform designed for active traders, offering commission-free stock, ETF, and options trading. Its user-friendly interface and powerful tools cater to traders of all skill levels.
Pros of moomoo
- Simple qualifications for earning free stocks
- Commission-free trading for stocks, ETFs, and options
- Provides an earnings calendar and informative hub
- Access to multiple markets for investment
- Allows premarket and after-hours trading
- Offers a paper trading simulator
Cons of moomoo
- Doesn’t support bonds, cryptocurrency, mutual funds, or CDs
How to get free stocks from moomoo
moomoo collaborates with The Daily Accrue, offering our readers up to 16 free stocks. Here’s how to unlock them:
- Deposit $100 on moomoo for 5 free stocks and 1 free Sofi (NASDAQ: SOFI) stock. Depositing $1,000 earns you an additional 10 free stocks.
This is the best free stock offering overall, and it’s pretty easy to get. Note that moomoo is tailored for traders; long-term investors might not find it suitable for their needs.
2. Public ($3-$300 in free stock)
Public is a comprehensive investment app that lets you invest in stocks, ETFs, crypto, treasuries, and alternative assets like real estate, art, and collectibles, all within a single portfolio.
Pros of Public
- Invest in various assets: stocks, ETFs, crypto, treasuries, and alternative options.
- Trade stocks and ETFs without paying commissions.
- Access alternative assets such as real estate, art, collectibles, and more.
- Easy-to-use mobile app and desktop platform.
- Ability to buy fractional shares.
Cons of Public
- Doesn’t offer options trading.
How to get free stocks from Public
To receive free stock through Public, new users need to open a brokerage account and deposit a minimum of $20. Once the deposit clears, users will receive a stock slice valued between $3 and $300.
3. Robinhood ($5-$200 in free stock)
Robinhood stands out as a popular app for trading stocks, options, and cryptocurrencies without charging any commission fees. Its easy-to-use interface and accessible trading system make it a go-to choice for new investors who prefer mobile-first platforms.
Pros of Robinhood
- Allows investing in stocks, ETFs, options, and cryptocurrencies
- Commission-free trading
- User-friendly mobile app and desktop platform
- Offers free stock without requiring a deposit
Cons of Robinhood
- History of past outages and trading limitations
- Doesn’t support bonds or alternative investments
How to get free stock from Robinhood
Among the listed brokerages, Robinhood is one of the two that provides free stock without needing a deposit. Sign up and link your bank account, and Robinhood will grant you free stock shares valued between $5 and $200.
4. Webull (up to 12 free stocks worth up to $3,000)
Webull offers up to 12 free stocks worth up to $3,000 for new users. It’s a mobile-oriented brokerage targeting younger investors, providing trading options for stocks, ETFs, and cryptocurrencies. While its interface might be slightly more complex than Robinhood, Webull offers various charting tools for active traders.
Pros of Webull
- Allows investment in stocks, ETFs, options, and cryptocurrencies without commission fees.
- Offers opportunities to get free stocks easily.
Cons of Webull
- Doesn’t provide bonds or alternative investment options.
- User interface may not be very appealing.
How to get free stock from Webull
Creating an account on Webull grants you 2 free stocks (valued between $3 – $300 each). Additionally, by depositing $100 or more, you can receive an extra 4-10 free stocks (valued between $7 – $3,000 each).
5. eToro ($10 cash bonus)
eToro is a global leader in social investing, offering a platform that facilitates interaction, trading, and learning among investors worldwide.
Pros of eToro
- Trade stocks, ETFs, and cryptocurrencies
- Commission-free trading for stocks and ETFs
- CopyTrading feature to replicate successful eToro traders
- Robust platform designed for active trading
Cons of eToro
- App and desktop platforms are less user-friendly compared to some competitors.
How to claim a free stock on eToro
New users on eToro can earn $10 upon depositing $100 or more. This cash bonus can be utilized to purchase your initial stock, offering a starting point in your investment journey.
6. M1 Finance ($75-$10,000 cash bonus)
M1 Finance stands out in 2023 as the top brokerage account offering lucrative bonuses.
M1 Finance is an app for investing and banking, providing free stock and ETF investing and access to a high-interest cash account. Additionally, it allows a separate account for cryptocurrency investments.
Renowned for its automation that simplifies long-term, tax-efficient investing, M1 Finance is among the leading platforms for building net worth. Explore our detailed M1 Finance Review to learn more.
Pros of M1 Finance
- Invest in stocks, ETFs, and cryptocurrencies
- Commission-free stock and ETF investing
- Automated portfolio rebalancing with a single click
- Offers tax-efficient allocation strategies
- User-friendly app and desktop platform
- Reliable banking services
Cons of M1 Finance
- No options trading available
- Not ideal for active trading
- Qualifying for the bonus might be challenging
How to get free stock from M1 Finance
Although M1 Finance doesn’t provide free shares, they do offer substantial cash bonuses for deposits and transfers. By opening a new account and making a deposit, you can unlock various bonus amounts based on a tiered deposit schedule:
| Deposit | Bonus Amount |
|---|---|
| $10,000 – $29,999 | $75 |
| $30,000 – $49,999 | $150 |
| $50,000 – $99,999 | $250 |
| $100,000+ | $500 |
Additionally, when you open a new M1 Finance account and transfer funds, you can qualify for bonus amounts based on a tiered transfer schedule:
| Transfer | Bonus Amount |
|---|---|
| $50,000 – $249,999 | $250 |
| $250,000 – $499,999 | $1,000 |
| $500,000 – $999,999 | $2,000 |
| $1,000,000 – $1,999,999 | $4,000 |
| $2,000,000+ | $10,000 |
7. Acorns (Get a $10 Bonus)
Acorns offers an easy way for families and new investors to begin long-term investing. It enables recurring investments in preset portfolios and allows investing spare change through roundups.
Pros of Acorns
- Invest in stocks, ETFs, options, and cryptocurrencies.
- Commission-free investing.
- Get free stock easily.
Cons of Acorns
- Doesn’t offer bonds or alternative investments.
- User interface isn’t very appealing.
How to get free stock from Acorns
New users can earn a $10 bonus by setting up a recurring investment of $5 or more.
8. TradeStation ($150-$3,500 cash bonus)
TradeStation is an advanced platform for active traders, allowing trading in stocks, ETFs, options, futures, FX, international equities, and cryptocurrencies.
Pros
- Robust charting and trading tools
- Wide range of tradable assets
- Generous deposit bonus
Cons
- Geared towards active traders
- Bonus can be challenging to achieve
How to get free stock with TradeStation
New accounts qualify for a tiered deposit bonus, not free stock shares. However, the bonus can be used to acquire free shares.
Below is the tiered deposit requirements:
| Deposit | Bonus Amount |
|---|---|
| $5,000 – $24,999 | $150 |
| $25,000 – $99,999 | $300 |
| $100,000 – $249,999 | $500 |
| $250,000 – $499,999 | $1,000 |
| $500,000 – $999,999 | $2,000 |
| $1,000,000+ | $3,500 |
9. Stash ($20 in free stock)
Stash is a brokerage app that merges Robinhood’s user-friendly, commission-free features with automation akin to M1 Finance. This makes it ideal for mobile-centric investors aiming to create lasting financial growth.
Pros of Stash
- Allows investment in stocks, ETFs, and cryptocurrencies.
- Commission-free investing.
- Simple criteria to earn free stock.
Pros of Stash
- Does not offer bonds or alternative investments.
How to get free stock from Stash
New users can receive $20 in free shares by signing up and depositing a minimum of $5 into their account.
10. SoFi Invest ($5-$1,000 in free stock)
SoFi Invest, a fresh player in finance, offers a range of investment and banking services. With SoFi, you can invest in stocks, ETFs, and even cryptocurrencies without paying any commission. They also provide access to various retirement accounts alongside automated investing tools for active traders.
Pros of SoFi Invest
- Stock, ETF, and cryptocurrency investment options
- Commission-free trading for stocks and ETFs
- Seamless banking services accessible from the same account
- Simple criteria to receive free stock upon sign-up
cons of SoFi Invest:
- No offerings for bonds or alternative investments
- Competent in many areas but lacks specialization in one specific field
How to get free stock from SoFi Invest:
New users stand to receive between $5 and $1,000 in free shares by simply opening an account and depositing a minimum of $10.
11. Tornado ($9 to $1,000 in free stock)
Tornado (previously known as Nvstr) is an online brokerage that assists users in finding investment opportunities through collective wisdom. It enables users to fine-tune their investment portfolio using advanced tools.
Their offer includes giving away $9 to $1,000 in cash for investing. To qualify, sign up for an account and make a trade within three months. You can cash out within seven days of opening and funding your account.
Tornado merges social media elements with its investment platform, fostering idea-sharing among users, leading to the discovery of fresh investment perspectives. Users can gain insights from prominent investors, enhancing their learning.
Moreover, Tornado offers simulated trading, allowing users to learn the basics and test new ideas without risking actual money.
12. Stockpile ($10 in free stock)
Stockpile is a mobile app that lets you trade fractional shares and gift stock to others. Here’s what you need to know:
- Offer: Get $10 in free stock.
- Requirements: Buy your first stock or gift $10+ in e-stock.
- Cashing out: You can cash out instantly. If you sell before 3 p.m., you’ll get today’s closing market price; after 3 p.m., you’ll get tomorrow’s closing price.
With Stockpile, you can buy “gift cards” of stocks ranging from $1 to $2,000 and send them to family and friends. They offer over 1,000 stocks, ETFs, and American Depository Receipts (ADRs).
The app encourages early investing for kids. You can create an account for them and let them choose pre-approved investments. The app also offers mini-investing lessons.
Stockpile focuses on fractional shares with a slogan of “Your favorite stocks by the dollar.” However, each trade costs 99 cents, which can be expensive for buying stocks “by the dollar.”
Other platforms like Cash App allow fee-free fractional share purchases. This is a good option for small-scale or beginner investors to enter the stock market diversely, especially with minimal investment.
If you’re investing tiny amounts where buying fractional shares makes sense (e.g., $1 in 10 different stocks), paying a 99-cent fee for each trade could significantly reduce your potential returns.
13. TradeUP (Up to $1,800 in free stock)
TradeUP is a stock app designed for active traders, offering a chance to receive free shares worth up to $1,800 based on your initial deposit. Here’s how the rewards break down according to your deposit amount:
- Deposit between $0.01 to $100: Get 1 free draw
- Deposit from $100.01 to $2,500: Receive 2 free draws
- Deposit from $2,500.01 to $10,000: Gain 3 free draws
- Deposit from $10,000.01 to $100,000: Qualify for 4 free draws
- Deposit $100,000.01 or more: Get 5 free draws
To qualify for this offer, you need to open and fund a live account. If you receive free shares, you must hold onto them for at least 90 days from when they were given or conduct 10 or more trades with your account.
The chance of the value for each free share is as follows:
- $10 to $20: 95%
- $20 to $30: 3%
- $30 to $50: 1%
- $50 to $100: 0.8%
- $1,570: 0.2%
TradeUP is a cost-effective and mobile-friendly platform that allows commission-free trading on U.S. stocks, ETFs, and options. Notably, it offers a flat annual margin interest rate of 1.99%.
14. Firstrade ($3 to $200 in free stock)
Firstrade stands out among its competitors by offering a broad range of trading options without charging commissions. Users can freely trade stocks, ETFs, options, fixed-income securities, and mutual funds on their platform.
The platform caters to diverse account needs, providing regular investing accounts and retirement and education investing options.
Users benefit from access to research and reports, and the flexibility to trade through desktop or mobile platforms.
Key features
- Commission-free trading for various investment options
- Access to advanced research tools
- Offering retirement and education investment accounts
- Extended trading hours are available
- Value of free stock: Ranges from $3 to $200
Earning your free stock
At Firstrade, users can earn free stocks by signing up or referring friends. Both the referrer and the referred friend receive rewards.
Selling or cashing out
Upon receiving a free stock, users can sell it immediately. However, they can only withdraw the cash value after 30 days.
15. Fundrise ($10 in free stock)
Fundrise offers a real estate investment platform providing various account options, including Fundrise iPO. It lets you diversify your investments with real estate holdings.
Pros
- No need for accreditation to invest
- Low minimum deposit for investment
Cons
- Low liquidity for investment
- Complicated fee structure
How to get free stock from Fundrise
Signing up with Fundrise earns you $10 in free stock without needing accreditation, making it easy to begin investing.
Important details
- Offers IRA accounts
- Requires a low minimum investment
- Investments can be highly illiquid.
16. Plynk ($10 to $100 in free stock)
- Free Stock Value: $10 to $100
- Available on: App Store or Google Play
Plynk is a user-friendly app built for new investors. It provides various tools to learn about investing and allows investing in stocks, ETFs, and cryptocurrency.
Pros and cons
| PROS | CONS |
|---|---|
| Ideal for beginners | $2 monthly fee for select features |
| Offers extensive education | No demo account |
How to get free stock from Plynk
When you sign up, you receive a $10 bonus to kickstart your investment journey. Additionally, Plynk matches initial deposits up to $100.
Key points
- Unused gift cards can be redeemed for investments.
- You can start investing with a minimum of $1.
- Some features have a $2 monthly fee.
17. DiversyFund ($100 free bonus)
DiversyFund is a user-friendly real estate investment platform perfect for beginners. You can easily diversify your portfolio using this service on your desktop, tablet, or phone.
Their financial and real estate experts handle your account, ensuring your investments are well-managed.
There’s a $100 bonus for new accounts, but you’ll need to invest a minimum of $500 to get it.
18. ETRADE (Up to $600 in free stock)
E*TRADE, owned by Morgan Stanley, is an online trading platform used by over 3 million people. It offers various ways to build a personalized investment portfolio.
Select the account that suits you best: brokerage, small business, retirement, or personal portfolio.
Get up to $600 by opening and funding a new brokerage or retirement account with $5,000 or more. The larger your deposit, the more free cash you receive.
Where can I get stocks for free?
You can receive free stocks by signing up with certain brokerages that provide bonus for new users. Some of the top choices include Public, Robinhood, and Webull.
What is the best free stock?
Public, Robinhood, and Webull are among the top choices, providing free stocks to their users.
How long does it take to get a free stock?
Typically, investment apps provide the free stock within 5 business days after meeting the necessary requirements.
Can you sell a free stock?
Absolutely! You can sell the free stock you receive. Once sold, you can use the money to buy stocks from other companies you’re interested in investing in.
Can you cash out a free stock?
Yes, you can cash out your free stock, but there are rules. Robinhood restricts withdrawing cash from the free stock sale for 30 days. Public has a 90-day wait period after selling before you can withdraw.
These rules exist because companies want users to use their apps, not just sign up, get the free stock, cash out, and leave.
For instance, if you receive a free stock worth $10 on Robinhood, you can’t cash out the $10 from selling it for 30 days.
Are any stocks free?
Most companies don’t give away their stocks for free. However, some investing apps (listed in this article) offer free stocks as a sign-up incentive when you open an account.
Is it possible to invest in stocks without any money?
Yes, you can. Some investment platforms provide free stocks when you create a new account or deposit funds. For instance, companies like Moomoo give you one free stock just for signing up without needing any initial deposit.
How to get free stock from Public?
Get free stock from Public when you sign up and deposit $20 or more to snag up to $300 in free stock. You’ll receive a fractional share of stock valued between $3 and $300 just by completing these steps.
Why do companies give away free stock?
Companies offer free stocks as part of their marketing strategy to attract new users to their stock trading platform. This approach serves as an incentive to encourage individuals to sign up and deposit funds. Similar to various websites offering bonuses for joining, these promotions aim to entice new investors and expand the platform’s user base.
So, what’s the catch?
Wondering why companies give money for signing up? It’s simple: promotions. These are designed to profit companies, often at customers’ expense.
Watch out for hidden fees disguised by signup bonuses. Fees can seriously affect your wealth, especially for investors.
Some apps offer free stocks, but they might not be valuable or pay dividends—important for new investors. Customers usually can’t choose their free stocks during promotions, but some can be worthwhile.
Investment apps attract users by offering chances for big payouts through these promotions.
Do you have to pay taxes on free stocks?
Are free stocks taxable? Yes, they are. Getting a free share of stock is like receiving taxable income, similar to a cash gift.
When you receive free stocks, you must report their value at the time of receipt to the IRS. This value will be subject to taxation based on your standard tax rate.
It’s important to note that receiving a stock as a gift isn’t classified as a capital gain, so it’s taxed as regular income.
If you sell the free share and its value has increased since you received it, the profit will be taxed as a short-term capital gain.
Are free stock bonuses worth it?
Getting free stock shares might sound great, but weighing what you’re gaining against what you’re giving up is crucial.
Simply because something is free doesn’t automatically make it a good deal. It’s wise to assess what you’re receiving and whether it’s worth your time and money.
For instance, instead of solely chasing free stock offers, pooling your funds for investments in ETFs or index funds might yield more stable and benchmarked returns over time. This approach also encourages long-term planning, steering away from the pitfalls of frequent buying and selling for short-term gains.
Many investment apps don’t highlight the risks of impulsive decisions in investing. If you’re new to this, focus on building a solid financial foundation. Success in the long run stems from making informed choices from the start.
Conduct thorough research, devise a tailored investment strategy, and only invest what you’re comfortable losing. You can craft a respectable portfolio that works for you daily with patience and determination. Remember, progress happens steadily—one step at a time.
What are DRIPs?
DRIPs, short for Dividend Reinvestment Plans, involve your broker or investment platform automatically reinvesting any dividends you earn from your shares back into your holdings. This means you’re not withdrawing money from your wallet but instead receiving free stocks with each dividend payment.
Do you have to provide credit card information to take advantage of these free stock offers?
Nope, in our experience, none of these offers ask for that.
Usually, you’ll link your bank account to fund your new brokerage account and get your free stocks. This linking process often uses Plaid, a third-party service that keeps your account details safe.
The bottom line
Several investment apps offer free stocks upon sign-up, with some having low or no minimum deposit requirements.
Among them, moomoo stands out for offering the best bonus, yet my favorite is Public.
For beginners, Robinhood and Webull are highly user-friendly apps that provide free stocks. I strongly recommend trying both to determine which suits you better.
Consider depositing or transferring $1,000 or more to access the top free stock bonuses. Notably, M1 Finance and TradeStation offer exceptional cash bonuses.
If you’re new to investing, exploring different brokers, or simply aiming to acquire free shares, use the provided links to earn complimentary stocks upon sign-up.