Find new Robinhood promotions, bonuses, and offers here.
You can now earn a free stock(s) (worth up to $200).
Update 5/3/24: The 1% Unlimited Cash Transfer bonus is back, good until June 28th, 2024.
About Robinhood Promotions
Robinhood is a brokerage firm largely known for offering commission-free trades. As a brokerage firm, Robinhood is insured by the Securities Investor Protection Corporation (SIPC)
Their trading experience allows investors to manage their own accounts, access their own portfolios, and make trades seamlessly across multiple devices. Access your account on-the-go with mobile and tablet apps
I’ll review Robinhood below.
Robinhood Free Shares of Stock Referral Bonus
Get a free share of stock worth up to $200 with Robinhood!
Robinhood is offering a random free share of stock for new users and you when you refer a friend with this promotion worth up to $200.
- Account Type: Robinhood Account
- Availability: Nationwide
- Credit Inquiry: Unknown
- Monthly Fee: None
- Additional Information: Most of their services are free. Premium service management fee starts at 0.50%. Each stock is worth $2.75-$200
- Closing Account Fee: None
(SIPC Insured)
You don’t know which stock you get for free, but the offer page gives you an idea:
- Berkshire Hathaway, Apple, Facebook: You have a 1 in 250 chance of getting stock in one of these companies each time a friend signs up.
- GE, Ford, Energy Transfer: You have a 1 in 150 chance of getting stock in one of these companies each time a friend signs up.
How To Earn Free Share Bonus
Stock Bonus:
- Tap the account icon in the bottom right corner
- Click “Invite friends, get free stock”
- Then start inviting your friends
- If enough of your friends sign up, you can earn up to $500 in free stocks
- Bonus credited once account is approved
- Limit one offer per qualified referral with a maximum of one account per referred client
- Robinhood reserves the right to change the offer terms or terminate the offer at any time without notice
- Shares from stock bonuses cannot be sold until 2 trading days after the bonus is granted or withdrawn within 30 days
Robinhood 3% IRA Bonus
- Direct Link to Offer
- What you’ll get:
- Earn up to 3%* extra on every dollar you contribute to your IRA when you subscribe to Robinhood Gold. IRA transfers and 401(k) rollovers also earn 3% until April 30.
- How to earn it:
- Get a 3% bonus on IRA transfers and 401(k) rollovers with Robinhood Gold.
- Terms: “The biggest IRA match” claim validated by Radius Global Market Research who evaluated self-directed retirement account offerings at major brokerage competitors Q3 2023. *3% match requires Robinhood Gold (subscription fee applies). Keep Gold for 1 year and the IRA for 5 years. Other terms apply.
(Expires 04/30/2024)
| J.P. Morgan Self-Directed Investing (Up to $700 Cash) | TradeStation ($150 Cash) |
| M1 High-Yield Cash Account (4.00% APY) | E*TRADE (Up to $6,000 Cash) |
| WeBull (Free Stocks) | |
Robinhood 1% Brokerage Transfer Bonus (Unlimited Cash Bonus)
- What you’ll get: 1% bonus with no cap when you transfer your brokerage account to Robinhood, from April 30 – June 28, 2024. See terms here.
- Fine Print:
- All investments involve risk and loss of principal is possible.
- The bonus applies to eligible assets transferred from an external brokerage account into your Robinhood non-retirement brokerage account within the offer period, from April 30, 2024 to June 28, 2024. To keep the bonus, you must keep the money you transfer into Robinhood in your Robinhood individual brokerage account for at least 2 years.
- “$30M+ paid out” is based on $3B in ACAT transfers to Robinhood during the period of October 23, 2023 to January 31, 2024, as disclosed in Q4 earnings release on February 13, 2024.
- The Robinhood ACATS Bonus Offer is not a recommendation of any investment or investment strategy, and is not a recommendation that a customer transfer assets into a Robinhood Brokerage Account.
- Funds being contributed into or distributed from your Robinhood accounts may entail tax consequences. Robinhood doesn’t provide tax advice. For specific questions, you should consult a tax professional. The bonus is available to our U.S. customers with a Robinhood brokerage account in good standing.
(Expires 06/28/2024)
| J.P. Morgan Self-Directed Investing (Up to $700 Cash) | TradeStation ($150 Cash) |
| M1 High-Yield Cash Account (4.00% APY) | E*TRADE (Up to $6,000 Cash) |
| WeBull (Free Stocks) | |
Robinhood Up to $600 Deposit Bonus (Expired)
Get a free stock and earn up to $600 bonus with a Robinhood account. The bonus amount depends on how much you can deposit.
- What you’ll get: Up to $600 Bonus + Free Stock worth up to $200
- Minimum Deposit: $100K for the maximum bonus. See below for smaller tiers.
- Availability: Nationwide
- Monthly Fees: None
- Early Account Termination Fee: You must keep your deposit money through October 16th to earn the bonus.
(Expires September 16, 2022)
| J.P. Morgan Self-Directed Investing (Up to $700 Cash) | TradeStation ($150 Cash) |
| M1 High-Yield Cash Account (4.00% APY) | E*TRADE (Up to $6,000 Cash) |
| WeBull (Free Stocks) | |
How To Earn Bonus
Qualifying Transfer cash reward amounts are as follows:
- $25 for depositing $1,000 – $9,999
- $100 for depositing $10,000 – $49,999
- $300 for depositing $50,000 – $99,999
- $600 for depositing $100,000+
- Rewards will be delivered by October 21, 2022. If you receive a reward, you’ll have 30 days to claim it. Once claimed, you can use it to invest right away, but you can’t withdraw the cash value for 30 days.
- Your cash reward will expire if it isn’t claimed within 30 days.
- This promotion is only available to new customers who sign up for Robinhood through the promotion page.
- The funds you receive through the deposit match program will be reported as miscellaneous income in your 1099-MISC form. Because of IRS minimum earnings requirements, you may not receive a 1099-MISC form if your deposit-matched funds and any other funds (i.e., stock reward funds) are valued at less than $600.
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Bottom Line
Robinhood is a great service that users should take advantage of when considering their financial goals. They get rid of all the transfer fees, so it would all be free-of-charge on your first transfer!
With Robinhood, it’s in your best interest is to get ahead of anyone else, so your money stays within your control.
Bookmark this page and check back often for Robinhood promotions, bonuses, and offers.
A lot of folks love it.