Big List of Free Stocks For New Commission-Free Brokerage Apps (Updated 2021)

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Updated with multiple new limited-time promos. I have the strange hobby of trying out new fintech apps while also collecting their sign-up incentives. Here are several different brokerage apps that offer some variation of free stock trades, modern user interface, real-time quotes, and social sharing. Many are structured like a free lottery ticket with a minimum payout – the odds are that you’ll get a stock valued on the lower end of the ranges mentioned, but I have gotten a few big shares like AAPL before the recent split. They all require a referral link, which means I can get some free stocks as well. A couple are offering 2X to 4X their usual bonuses right now.

WeBull 4 Free Stocks Offer

  • Open a Webull brokerage account by January 15th and get 2 FREE stocks valued between $2.50 and $250. Make an initial deposit of $100 or more and receive 2 FREE stocks, each valued between $8 and $1600.
  • WeBull offers free stock trades, free options trades, free crypto trades, and a full-featured brokerage account. This is a limited-time offer, the standard offer is only one free share of stock.
  • I have done this deal and gotten my free share of stock as promised without issue. See my WeBull review for more details.

Firstrade 3 Free Stocks + iPhone 12 Raffle Offer

  • Open a Firstrade account and get a free share of stock ($3 to $200 value) right away. Deposit or transfer $100 or more within 30 days of account approval for an additional two free shares of stock. If you deposit by 1/15, you will be entered into a raffle with 10 iPhone 12 winners to be drawn on 1/18. This is a limited-time offer as the usual bonus is only one free share of stock.
  • Firstrade actually a long-established traditional discount brokerage that offers free stock trades, free options, and free mutual fund trades. There have been bigger past bonuses with $2,000 minimum deposits, but this one requires nothing but a new approved account.
  • I’ve had a Firstrade account for several years, got a bonus way back when as promised without issue. See my Firstrade review.

M1 Finance $30 Offer (Open in mobile browser)

  • Open an M1 Finance account and get $30 after you use a referral link and make an initial deposit of $100 for taxable accounts and $500 for IRAs within 30 days of sign-up, and not withdraw the initial deposit within 30 days. If you are transferring over a sizable portfolio from another brokerage, you can earn much more money with a transfer bonus (see main post). This is a limited-time offer, the standard offer is only $10.
  • M1 is different in that it actually promotes a long-term buy-and-hold portfolio and it automatically invests and rebalances your contributions according to your chose “pie”. See my M1 Finance post for more details.
  • I opened my account with no bonus, just wanted to try out their software.

MooMoo 2 Free Stocks Offer

  • Open a Moomoo account and deposit $100 to get a free stock up to $200. When your net deposit reaches $1,500, both of you will get an extra free stock up to $1,000.
  • Moomoo offers free stock trades, free options trades, and a full-featured brokerage account. This is a limited-time offer, the standard offer is only one free share of stock.
  • I have done this deal and gotten my free share of stock as promised without issue.

SoFi Invest Free $50 Stock Bit Offer

  • Open a SoFi Invest account and deposit at least $1,000 to get $50 worth of your favorite stock. Choose from over 100 popular stocks like Amazon, Tesla, Disney, Apple, and Nike.
  • SoFi offers free stock trades, free fractional trades, and free crypto trades.
  • I have done this deal and gotten my free share of stock as promised without issue.

Public $15 Free Stock Offer (Open in mobile browser)

  • Open a Public account via referral download link (open in mobile) and get a free stock slice worth $15. No deposit required.
  • Public app offers free fractional stock trades, in additional to the ability to share your portfolio.
  • I have done this deal and gotten my free share of stock as promised without issue. Be sure to open the link in a mobile web browser, which will redirect you to the app download.

Robinhood Free Stock Offer

  • Open a Robinhood account and link a bank account to get a free share of stock (up to $200 value). No deposit required.
  • Robinhood app offers free stock trades, free fractional trades, and free crypto trades.
  • I have done this deal and gotten my free share of stock as promised without issue.

Voyager Free $25 Bitcoin Offer (open link in mobile web browser)

  • Open a Voyager account and trade $100 of crypto to get $25 in Bitcoin free. Use link above and/or promo code JONA3F at sign-up.
  • Voyager app offers free crypto trades and allows you to earn interest on cryptocurrencies, including stablecoin.
  • I have done this deal and gotten my free BTC as promised without issue.
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Comments

  1. I decided to give WeBull a shot. They “credited” my 2 sign-up stocks (actual transfer is in a couple of weeks) – both SWN (~$3), which seems to be the most likely one you’ll get based on the comments on your review article. At least it was same-day and pretty quick to know what I “won”. It looks like it might be about a week for the transfer related stocks to be credited to my account.

  2. These companies check your credit report.

    • What is your evidence for that claim? Based on my own experience, I don’t recall a single one of them doing a hard pull. They might do a soft pull for identity verification purposes, but that does not affect your credit score and it doesn’t show to anyone.

  3. Hi Jonathan,
    Here is the information I have available to me.
    A soft pull will not impact your credit score.
    But if you apply for a margin account that will cause a hard pull. That is because you are borrowing money from the bank called a brokerage company or in this case a fintech company.
    A hard pull will cause your credit score to go down 10% if the bureau is using FICO.
    If they are using some other method it might only go down 5%.

    • I really don’t know where you are getting your information. Please stop spreading misinformation without providing some support. For example, which brokerage, specifically, did this? Most people have no need for a margin account. So really, no credit pulls for most people when opening an account. The only reason I open a margin account is if I know that I will want to maintain full buying power while trades clear. The vast majority of margin accounts do not perform a hard credit check on your credit report. Margin accounts are collateralized by your securities holdings, which they can sell at any time to pay a margin loan. There may be a few that do a hard pull out there, I can’t rule them all out, but I have several margin accounts and no hard pulls. WeBull, no hard check. Robinhood, no hard check. TD Ameritrade, no hard check.

      “A hard pull will cause your credit score to go down 10%” What? So if my FICO is 800 it goes down 80 points? Um, no. The number varies based on your other credit factors and it might be 10 points. Having several credit checks should be managed to maximize your profit perhaps, but I find too many people overly scared of a single credit check.

      • I agree. I have had at least 5 margin account over the last decade and not a single one of them did a hard pull, including Firstrade, which is listed in this post.

  4. If your account value drops to the point where even liquidation will not pay back your margin loan, you are personally on the hook to make good. Failure to pay back your outstanding margin loan will affect your credit payment history, which is the largest component of your overall credit score. This will happen even if you are only on the hook for a few hundred dollars,

  5. Thanks for the Recs here Jonathan.

    Do you keep all these accounts open after capturing the bonus offer? Do you tend to keep the stock/asset or do you liquidate it and just transfer back to your main account. Just asking as I’m trying to figure out the hassle factor at tax time of having a bunch of brokerage accounts open for small incentives. Thanks.

    • I tend to keep them open if there are no maintenance fees. When you get a stock, some will 1099-MISC you but honestly most will not. If you sell the stock, then you will generate a 1099-B and capital gain/loss. If you don’t sell and just keep it, then you only have to worry about an annual 1099-DIV if it distributes a dividend. If I am given a choice, that is why I pick BRK, because it doesn’t generate any dividends. However, 1099-DIVs are pretty easy at tax time, just one extra form to fill on TurboTax, etc. If I didn’t want to keep the account, I’d just sell and deal with the one 1099-B line to fill out and be done with it. Once the account has no positions, then no further 1099s will be issued.

  6. I picked the Webull offer from the menu of opportunities. Mostly for the same reason people play games. I thought it would be fun. Everything went well and today I checked and I have been given all four stocks with a value of $24.76. Not very rewarding monetarily, but it was fun. I doubt that I will every use the account for my investments. But, I am tempted to play with some options.

    Wait, that would require a hard pull on my credit. Just kidding. I don’t think our friend Joejaynap is maybe as smart as he thinks he is.

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