Legitimate Companies Will Give You Free Stocks
Collect Free Stocks From These Companies
We researched the best, most legitimate investment companies, apps and trading platforms that offer something for free.
Without further delay, here are our favorite companies giving away free stocks:
1. Robinhood: up to $500
Free stock value: $2.50 to $500
If you’re interested in buying and trading stocks, you’ve likely heard of Robinhood; it’s a fan-favorite trading app known for its commission-free trading. Yup — it’s free to buy and trade stocks, options, exchange-traded funds (ETFs) and cryptocurrencies. Plus, there are no account minimums and no maintenance fees.
Free stock value: $10
Ready to launch your investment portfolio? A portfolio full of stocks like Apple, Snapchat, Amazon, Netflix, Disney and more?
Yeah, you’re probably thinking, where am I going to get the money for that? But with an app like Public, you don’t have to have thousands of dollars to own a piece of these companies — you only need $1. (Of course, the more you invest, the more potential you have to earn.)
Free stock value: 500 shares of iConsumer stock (trading at 17 cents per share, as of October 17, 2019, that’s about $85 worth of stock)
The other companies on this list give you free shares of stock when you open an online brokerage account, but iConsumer is different. It’s a cash-back site that lets you earn shares of iConsumer stock. Think of it like a rewards platform like Ebates or Ibotta — with the added bonus of free stocks.
Free stock value: $10
Do you know what the “1” in M1 stands for? One account. The goal of M1 is to simplify your finances, so you can invest, borrow and spend money all from one spot.
Now, let’s focus on the investing part. M1 allows you to build a custom portfolio of stocks and funds. Or, if you’re not feeling as adventurous, you can opt for a pre-built expert portfolio. It also lets you invest in fractional shares of companies (if you don’t want to fork over nearly $2,000 for Amazon stock) and will let you opt into automated investing, which lets M1 take over with free stock trading.
Free stock value: $5
If you’re just entering the world of stock trading, we get it: It can be quite intimidating. Start out slow(er) by investing in ETFs, which are basically fractions of stock.