Get Free Stock from These 5 Brokerage Companies
Every company on this list is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). SIPC is the FDIC equivalent of deposit insurance with limits up to $500,000 ($250,000 for cash). Never use a broker that is not covered.
Webull is another commission free broker and is accessible by app only. The app itself, which I’ve had for a couple months, is more technicalbut the shares of stock they gift are just as real.When you open and fund an account with $100, you get 2 free stocks worth up to $1,600. The company will have a market cap of at least $2.5 billion and be traded on the NASDAQ or NYSE. That’s it!
Robinhood is the most well-known startup on this list (don’t feel bad if you’ve never heard of them, they’re still relatively new). They were founded in 2013 by two veterans from the high-frequency stock trading world.
Robinhood is a broker that lets you buy and sell shares of stock and exchange-traded funds (ETFs) without paying a commission. Whereas other brokers charge you a fee, like Ally Invest charging $4.95 per trade, Robinhood does it for free. They do not charge a maintenance fee either.
Public is one of the few zero commission brokerages that lets you buy stock with any amount of money. Yes, that means you can buy partial shares with as little as $5 invested with real-time settlement (not batched, like what they used to do back in the day). They’ve also integrated a social component where you can see what other people have invested in (when they make it public) and you can see what their strategies are. If you wish, you can also follow investment strategies like investing in Tech Giants (most influential tech companies), American Made (US Manufacturing), The Future is Female (S&P 500 companies with female CEOs), and many others. You can buy ETFs too.
Spelled by someone who hates vowels, but pronounced “investor,” NVSTR gives free stock valued at $20 to $500. There are a few conditions with this offer, such as you cannot withdraw the funds for 1 year and you must place a trade within 1 year.
Stash is a roboadvisor / investment app that helps you invest through “themes.” You choose the investments and they offer guidance, plus an app that helps you save money. If you want a closer look at the service, we take a brief look while comparing the best investing apps.
They don’t give you free stock but they’re an investment app that gives you $5 to start.