13 Online Brokers that Offer Free Stocks

Investing in the stock market, real estate, or crypto has never been easier. Gone are the days when you had to be an expert or work with a stock broker to buy company shares or invest your money. You can invest your money in several ways, with options for every level of risk tolerance and investment understanding. 

Many of the best online brokerages are designed for beginner investors and offer unique incentives for signing up. The good news is that you can enjoy free stocks just for signing up.  

How to Get Free Stocks

You have so many options today for investing in stocks, real estate, or crypto that investing platforms must work harder to gain your business. This means you can find many new discount brokerages and established investment platforms offering free stocks or financial bonuses to lure in investors. 

We decided to look up the best free stock offers for those looking to take advantage of this opportunity.

Ready? Let’s dive in!  

1. Public

Public is an investing platform offering commission-free stock trades, and it’s become a hit with young investors just starting. The platform is also a social online stock brokerage that lets you see how others invest so that you don’t feel alone in your financial journey. Public allows you to track the trade activity of verified investors with proven track records, so you’re always learning about investing options. 

Another feature that makes Public attractive to young investors is that you can purchase fractional shares, meaning that you can start investing in more prominent companies even if you’re not in the financial position to buy whole shares. 

Public’s platform also gives you access and exposure to asset classes like ETFs, crypto, luxury goods, and artwork. They plan to add real estate and music royalties to this list of asset classes soon. 

We should note that Public doesn’t participate in payment for order flow like many other brokers do. This means that the company doesn’t sell your trades to third parties. 

How do you get free stocks with Public?

1. Open an approved brokerage account with Open to the Public Investing.
2. Deposit at least $20 in your account.
3. Claim your reward from the top right of your home screen. 

The reward, in this case, is a fractional share of a specific stock, ETF, or crypto token (you must open an account with Apex Crypto LLC for a crypto asset reward). The cash value of the reward you receive will vary from $1 to $300, with about 95% of participants receiving a reward valued at $1. According to Public, about 4.9% of participants will earn a reward valued at $5, and only 0.1% will earn a reward valued at $300.

2. moomoo

Moomoo claims that you can trade like a pro on their platform. There are no commissions, account minimums, hidden fees, or trade minimums with moomoo. The platform offers free investing tools with real-time data and AI support, plus you have access to global markets (US, Hong Kong, and China-A-shares) under one account. It also has US-based licensed specialists who are available for professional support. 

How do you get free stocks with moomoo?

The moomoo home page states that you can get up to 15 free stocks valued between $3 to $2,000 each when you sign up. The offer is subject to change at any time.

Here are the different ways to get free stocks with moomoo:

• Open a brokerage account and draw for a chance to earn one free stock worth between $3 and $2,000.
• Deposit $100 into your account during the promotional period, and you will be entered into a draw four times to earn one free stock worth between $3 and $2,000.
• Deposit $1,000 into your account during the promotional period, and you will get ten chances to draw for free stock worth between $3 and $2,000. 

According to moomoo’s current promotional page, the free stock is completely random based on a specific probability distribution. There’s a 95% chance you’ll get a free stock worth $3 to $9.99, a 4.9% chance of getting a stock worth $10-$99.99, and a 0.1% chance of getting a stock worth $100 or more. 

3. M1 Finance

M1 Finance is a free investment platform with a wide variety of professionally chosen portfolios for you to invest in. M1 Finance also offers various brokerage accounts, so there’s likely an account that will match your investing preferences. 

The company refers to its platform as the “Finance Super App” since you can manage all of your financial tasks, like investing, spending, and borrowing, in one place to simplify your life. The platform comes with a checking account and lending services, and you can earn 1% cash back as a Plus user of the M1 Finance checking account. 

M1 Finance is known for letting users invest in pies, which means that you can invest in different securities that make up slices of the whole pie. You can create a custom pie of stocks and ETFs based on your investment strategy. If you want to leave the guesswork to the professionals, you can use one of the expert pies created for different investors.

How do you get free stocks with M1 Finance?

M1 currently offers up to $500 for free if you deposit at least $10,000 within 14 days of opening a new brokerage account. 

When you deposit $10,000 to $29,999.99 to your account, you get a $75 bonus. When you deposit $30,000 to $49,999.99, you get a bonus of $150. When you deposit $50,000 to $99,999.99, you get a $250 bonus. To earn a cash bonus amount of $500, you have to deposit over $100,000.

You can also use the M1 referral program to get $10 for free. When you sign up for an account through a friend’s link, you both get $10. You can then use this money to invest how you wish through the platform. 

4. Robinhood

This investing platform was a game changer during the pandemic as many young folks turned to Robinhood to begin their investment journey. While there were some controversies related to Robinhood that came along with the 2021 meme stock rallies, you can’t ignore this easy-to-use app that has changed investing.

Robinhood’s popular commission-free app is designed for investors of all levels. You can invest in stocks and crypto through Robinhood, and it also provides ETFs, margin trading, and options trading for those looking to level up their investments. With 24/7 professional support, educational resources, and the ability to purchase fractional shares, it’s clear why many young investors have turned to Robinhood and its straightforward mobile app.

How do you get free stocks with Robinhood?

To get free stocks with Robinhood, you must open an account. Once you’ve linked your bank account, you’ll be given a specific dollar amount and will pick your gift stock from a list of America’s top 20 leading companies, based on market cap, in their respective industries. You can use the cash value you’re gifted to purchase fractional shares of the companies offered on the list in case you don’t earn enough to buy a total share. 

The Robinhood website doesn’t specify the exact cash value you’ll receive, though it ranges from $5 to $200, with about 98% of the new account holders being granted a reward running from $5 to $10. You can use whatever amount you’re gifted to purchase stocks or fractional shares of a company. 

You do have to keep the stock for three days from the day you claim it. When you sell the shares, you can use the money to purchase other stocks. If you want to withdraw this money from your account, you must keep the share’s cash value in your account for at least 30 days. Once the 30-day window is up, you can withdraw your funds without restrictions. 

5. SoFi Invest

SoFi Invest is a part of the SoFi family of products. Their mission is to help people reach financial independence and realize their ambitions. SoFi Invest is an app designed to let you track and trade money. The investment platform lets you trade stocks and ETFs with no commissions, invest in IPOs before they hit the public market, invest in crypto, and even set up simplified automated investing. 

The platform also offers educational resources to help you learn more about investing if you’re not comfortable with it yet. SoFi has many other personal finance products, including student loans, credit cards, banking, credit score monitoring, and personal loans. You can essentially use SoFi to handle all of your personal finance needs. 

How do you get free stocks with SoFi Invest? 

You must open an Active SoFi Invest Brokerage Account with SoFi Invest and deposit $10. Then you become eligible for a signup bonus that ranges from $5 to $1,000. The promotional offer gives a 0.028% probability of earning $1,000 and an 85.488% chance of gaining the $5 reward. 

6. Webull

Webull is one of the new players in the stock broker space, offering zero commissions and no deposit minimums. Every member gets smart tools for smart investing. Webull allows you to diversify your portfolio with various investment products like stocks, fractional shares, options, ETFs, ADRs, and OTC. 

Webull also attracts more sophisticated investors by offering innovative tools like advanced charting and comprehensive financial analysis. When you become a member, you get access to a community with millions of folks discussing investment strategies, so you’re not alone during your investment journey. 

How do you get free stocks with Webull?

According to their website, Webull’s process is fairly simple, and you can get up to 12 free fractional shares with a value ranging from $3 to $3,000. This promotional offer ends on January 4, 2023. 

 Here are the two ways you can get free stocks with Webull:

• Open an account with Webull to get two free fractional shares.
• Deposit any amount of money in your new account and get up to 10 free fractional shares. 

The free stocks, which include NYSE or NASDAQ-listed companies with a minimum market cap of $2 billion and a share price ranging from $3 to $300, are chosen randomly. The odds of being rewarded a stock ranging between $151 and $300 is approximately 1:10000.

7. Groundfloor

Groundfloor is a real estate crowdsourcing app aimed at debt investments, so you can get into real estate without allocating a significant portion of your savings. Real estate investing platforms have become more popular over the last few years, with more apps like Groundfloor popping up.

You can invest with Groundfloor in two ways:

1. The “Stairs” saving account: This is essentially a high-interest savings account with a 4% APR, no fees, and no minimum balance. You can leave your money there and let it grow until you’re ready to start investing.
2. Groundfloor real estate crowdsourcing: You can invest in individual renovation loans or use automatic investing tools to find projects you can fund based on your chosen criteria. 

Groundfloor claims to be the only investing platform where you can securely earn up to 10% on your money with investments backed by real assets. The platform is known for “savesting” since they try to combine saving with investing. 

Groundfloor has grown to about 200,000 users and over $240 million in assets under management. Groundfloor generally repays all investments every 4-12 months, which is rare considering that real assets back your investments. 

How do you get free stocks with Groundfloor?

When you invest $100 into your new Groundfloor account, you get a $50 credit within 30 days. All you need to do is link your bank account, pick your investments (or let Groundfloor do it for you), and collect your interest. You and a friend can also earn a $50 referral bonus when you get them to sign up for Groundfloor using your referral link.

8. Plynk

Plynk is an app designed to make investing easy for beginners, helping you learn about financial investments as you go. You can start investing for as little as $1, so you don’t have to be intimidated by the investment process or by setting aside a large chunk of capital. 

Plynk uses simple language that’s easy to understand and teaches you about investing concepts as you work on growing your money. They offer many tips and how-tos to guide you through the process. Plynk will ask you some questions that it will use to narrow down investment opportunities based on your interests. 

How do you get free stock with Plynk?

You create an account, then link your bank account to earn the $10 signup incentive. You can also get up to a $100 deposit match as a bonus for a limited time.

9. Fundrise

Fundrise helps you start real estate investing with only $10. This real estate crowdsourcing app is focused on long-term investments. The best part of investing with Fundrise is adding real estate exposure to your portfolio without dealing with any of the hassles typically involved in owning and renting out properties. 

Fundrise has multiple investment options depending on how much capital you have to work with. There’s a Starter level for those who want to begin with as little as $10 and packages that go in tiers up to $100,000 for accredited investors. 

Fundrise also recently launched the Innovation Fund for those who want additional diversification. This investment is focused on high-growth private tech companies that could provide lucrative returns in the future.

How do you get free stocks with Fundrise? 

Fundrise will automatically deposit $10 as a bonus when you open your new account and link your bank account via its promotional page. Several terms and conditions apply as to who qualifies for this offer. You can use the bonus cash for investing in one of Fundrise’s fund options. For more information on Fundrise, check out our full review.

10. Firstrade

Firstrade is a full-service online brokerage that allows you to invest in stocks, options, and mutual funds while you get access to a full suite of investment products, research, tools, and even customer service. The best part is that you get all of these services for free. Firstrade offers zero-dollar commission trades and $0 options contract fees on its award-winning platform. 

Firstrade has an extensive list of services for investors, including some of the following perks:

• Extended-hours trading: You can get pre-market news and after-market-hours sessions.
• Trade ideas: You get access to premium research from trusted platforms like Morningstar, Benzinga, and Zacks.
• Free educational resources: There are free tools and live webinars for investors of all levels.

According to Firstrade’s website, you can get up to $4,000 in cash bonuses when you sign up. While you don’t get paid in stocks, you get the next best thing, cash. 

How do you get free stocks with Firstrade? 

It’s very easy to earn free stocks with Firstrade, as all you have to do is fund your account to get a cash bonus. This promotion ends on January 17, 2023, and there’s a list of criteria for earning free stocks based on how much you invest. Here’s how much you can earn in cash with Firstrade:

Deposit or transfer amount	Cash bonus
$5,000+	$50
$10,000+	$100
$25,000+	$300
$100,000+	$700
$500,000+	$1,500
$1,000,000+	$3,000
$1,500,000+	$4,000

You can also get up to $200 in transfer fee rebates for account transfers and $25 in wire transfer fee rebates. 

11. Acorns

Acorns allows you to save, invest, and learn with one simple app. You can set the Acorns app to save and invest for you automatically. For example, you can turn on the Round-Ups feature to invest your spare change by rounding up your purchases to the next dollar and allocating the difference to your portfolio. According to Acorns, the average new user will invest an extra $166 within four months by just rounding up and investing their spare change. 

Acorns also offers diversified portfolios that experts create, including ETFs that professionals from top investment firms manage. With over 10 million sign-ups, Acorns has been helping millennials save money daily.

With Acorns, you can earn bonus rewards by purchasing products from many top brands. Since Acorns works with over 15,000 brands, including Apple, Amazon, and many others, you have multiple opportunities to earn rewards. 

How do you get free stocks with Acorns?

To get your $10 sign-up bonus on Acorns, simply create a new account and make your first investment of at least $5. Acorns also offers a $5 investment referral bonus to you and a friend when you get your friend to sign up. Find out more about Acorns in our full review.

12. Stash

Stash is an investing app tailored for beginners, allowing users to start investing with very little cash. With only a $5 investment minimum, Stash allows new investors to start small until they’re more comfortable.

Stash offers banking and investing tools to its ten million-plus users. You can automate your investing, put your money into stocks, or let Stash create a customized investment based on your financial preferences. If you’re unsure which investment option to choose, the Smart Portfolio will automatically expose you to stocks, bonds, and cryptocurrency. 

Among other unique features, Stash can work with parents or guardians who want to open a custodial account for their children to invest in their future. Stash also offers a Stock-Back debit card that lets you earn 1% in stock on all of your purchases. The Stock-Back card rewards you with stocks of the companies you shop with.

In addition to no hidden fees, Stash offers a Stock Round-Up feature where you can round up your purchases to the nearest dollar and invest your spare change in stocks. This platform is an easy, educational, and convenient way to invest in stocks. 

How do you get free stocks with Stash? 

Stash is currently offering $5 to anyone who signs up for a Stash Invest account which you can use to spend on more investments. 

Stash also has weekly stock parties, where investors can earn bonus stock in a well-known company for participating in the party and sharing a referral code with friends. 

13. Charles Schwab

Charles Schwab is one of the country’s biggest, most well-known banks and brokerages, with many physical locations available nationwide. 

The Schwab digital platform offers various financial tools and accounts for investors of every level. You can find different brokerage accounts depending on your investing goals. The Schwab brokerage account features options trading, margin trading, and checking account features like paper checks and debit cards. 

You can utilize the robo-advisor investing tool for a more hands-off approach to investing your money. You can also visit a physical branch near you if you have any pressing issues. There’s also 24/7 access to investment professionals if you have questions. 

How do you get free stocks with Charles Schwab?

Charles Schwab touts that new investors will get its investing 101 course and a $101 cash bonus. You have to open up a Schwab Starter Kit, which includes $101 of Schwab Stock Slices, investing education, and other financial tools (like budget planners, for example). 

To get free stocks with Schwab, you must open your account and fund it with $50 within the first 30 days. Then you’ll receive $101 to split equally between the top five stocks in the S&P 500.

Which is the Best Online Broker For Free Stocks?

If you’re looking for free stocks while opening up a new investment account, the good news is there are plenty of options. Those newer to investing will want to explore the various choices to see which broker works best for their unique financial situations. Every app offers distinct features and benefits that will hold different values depending on your current financial situation. 

The investing app you go with will also depend on what you’re looking to invest in, as you can choose between different assets like stocks, ETFs, real estate, crypto, and so on. The best part of investing in 2023 is finding a platform that will match your investment strategy, so you can shop around until you’re satisfied. 

As always, we urge you to carefully read the fine print to ensure that you qualify for free stocks if you’re solely signing up for the financial incentives.