Afraid Of Investing Right Now? These 4 Companies Will Give You Free Stocks To Start
Updated: May 15, 2021
In our last post, we talked about some of the reasons you should start investing right now. Some of you might have already started their journey but there might be some who are still afraid and are not sure. How about getting you started with some free stocks?. Well, who doesn't love freebies whether it's free gift cards or free money? or stocks, even better they might increase in value over time. We know it sounds too good to be true, but let me tell you that there are companies in the market that are giving free stocks.
We researched the spectrum of investment apps, trading platforms, and investment companies operating in the market and found the best and reliable companies that offer stocks for free.
So without further ado, here are our top 4 picks for the companies that are giving away free stocks :
1. Robinhood (up to $500)
If you have ever shown a little bit of interest in trading stocks, it's plausible that you might have heard about Robinhood, it's quite a popular trading app especially because of its commission-free trading. Yes, you can buy and trade stocks, cryptocurrencies, options, and ETFs for free, plus there is no maintenance fee for the account. Robinhood is available on desktop, and Android, so you can use it from wherever you want.
How to claim: Sign up on the Robinhood. Once you have created an account, Robinhood will give you a free share of stock. The share amount is chosen randomly (which can be anywhere between $2.50 to $500) and can change according to the condition of the stock market.
Our next pick is iConsumer. iConsumer is a little bit different, it's not a trading platform. It’s a cash-back site that lets you earn shares of iConsumer stock. It acts more or less like a reward platform but with an added cherry of free stocks. All you have to do is shop through the portal to earn cashback and shares of iConsumer stock. You can sell your iConsumer stocks at any time. Right now iConsumer stock is trading at .090USD so you can effectively make $45 with your 500 free shares of iConsumer.
How to claim: Create a new account with iConsumer and start earning cashback and stocks back on every purchase you make through their portal. When you spend your first $25 through the platform, you’ll get a bonus of 500 iConsumer stock shares.
3. Acorns ($5)
If you are a novice in the world of stock trading. It's better to start slowly by investing in ETFs. Using the Acorns app, you can connect your debit or credit card and choose to round up your transaction amount. Then, Acorns will automatically take your spare changes and will redirect them into ETFs. Remember you will not get rich investing in ETFs, still, it's a good place to start.
How to claim: Create a new account with Acorns and you will get a $5 bonus. You can use that $5 to start investing in ETFs.
Note: Acorns charges a $1 monthly fee for balances under $1 million. However, there are no minimums and no free trades.
4. Public ($10)
Ever thought of having an investment portfolio full of stocks like Apple, Netflix, and many more?. Yeah, it probably seems like a stretch of the imagination but with Public, you can have that. The public app allows you to buy portions of stock instead of buying all-in on one share. You can buy and sell stocks on your mobile phone while working or relaxing. The public app doesn't charge any commission fee and has no minimums limit on the account.
How to claim: Create a new account with the Public. Once your account is approved, you will get a $10 bonus. The public app is available on iOS and Android so you cant keep track of your stocks on the go.
Note: You Must be an 18 plus U.S. resident plus platform is subjected to approval.
There are many other platforms and apps like the ones mentioned in our list for example Stockpile. You can also experiment with them and get started with investing.
Thank you so much for reading this post, please feel free to leave your feedback.