Robinhood Promotion
Robinhood bonus link: Up to $200 in FREE stock + transfer fee reimbursement.
Open Robinhood Account
Robinhood Promotion Details
This is a limited-time Robinhood promo. When you sign up with the broker, the platform will grant you
a random amount between $5 and $200. Then, you can pick from a list of available companies to use that
voucher to buy stock in – and you won’t even need enough to buy an entire share, as Robinhood is one of
the few platforms that offers fractional share investing!
Company options rotate but are some of 20 of America’s top stocks, including Apple, Tesla, and Microsoft.
You’re eligible to sell the stock or fractional share three days after claiming it, but you can always
keep the share in Robinhood and watch it grow!
If you’re already on the platform, you may still be eligible for the free stock Robinhood promotion. If
you refer a friend, you can both get gift stock. And you can refer multiple friends and rack up to $1,500 in free stock each year. All your friends must do is sign up, get approved, and link their bank accounts. That’s it!
(EXPIRED!) Robinhood $500 Promotion
This Robinhood sign up bonus is expired. When you open and fund a new brokerage account, the broker
will credit your new account with up to $500 in free stock.
Why Robinhood?
Once upon a time, Robinhood had no trouble attracting customers. So many flocked to one of the first commission-free, app-based trading platforms that Robinhood had to throttle enrollments early in their life.
But much has changed since then. With most significant brokerages offering low- and no-commission trading and nearly all pouring resources into sleek apps and mobile interfaces, Robinhood’s top slot slowly slid. This slide was compounded by some hot news items alleging mismanagement of client cash, but Robinhood is working to capture (or recapture) customer bases.
One of the most beneficial (for you!) ways the broker is fighting for your business is through
Robinhood promotions program.
Before we show you the surprise Robinhood’s got in store for you, there are a few standard benefits you’ll enjoy if you decide to migrate to Robinhood or open a new account on the platform:
Commission-Free Trading
Some flashier assets, like futures, mutual funds, and commodities, aren’t available on Robinhood. Their standard stocks and options, though, are always commission free. This is a massive benefit for active traders, especially those who like trying their luck with options trades. Most low-commission brokerages charge around $.0.65 per options contract traded (buying and selling), but these trades are always free on Robinhood.
Cryptocurrencies
Many more prominent brokerages don’t offer cryptocurrency trades, and interested investors must access the market through crypto ETFs or stocks in public mining companies like Riot Blockchain Inc (RIOT). Robinhood offers most popular cryptocurrencies as 24/7 tradable assets, including Bitcoin, Doge, and Ethereum. And, just like stocks and options, crypto is commission free.
Robinhood Gold
Although you can’t buy or sell precious metals on the platform, users can opt to pay a measly $5 monthly for Robinhood Gold. With your upgraded Gold account, you’ll enjoy the following:
1. 4% on uninvested cash
2. Professional research from industry leader Morningstar
3. Level II market data provided by Nasdaq
4. Lower-interest margin rates (7.5%, compared to the standard account’s 11.5%)
Robinhod Promotions Conclusion
Although the many options available to investors and traders are endlessly attractive, Robinhood still has its unique benefits. Crypto, zero-commission trades, and attractive upgraded account options still make Robinhood a viable option for active traders, even if it’s just a secondary “play money” account. And, even if you don’t want to be a Robinhood client long-term but want to try it out, you can get a free stock just for starting!
Read Robinhood Stock Trading Review »
Robinhood Sign Up Bonus
Up to $200 in FREE stock + transfer fee reimbursement.
Open Robinhood Account
Updated on 1/1/2023.
Arthur Chachuna is professional personal finance blogger, and the owner of Brokerage-Review.com.
He has been an avid investor for 23 years, and has background in both applied math and programming.
|