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Robinhood is one of the most common investment platforms that we get asked about – including how to maximize your potential on the platform. It all starts with how you sign up. Like other investing apps, Robinhood offers a referral program that gives you $200 worth of free stock for signing up through our Robinhood referral link.
If you’re making your first steps into the world of investing, Robinhood may be one platform that you’re considering. It’s been in the press recently for getting funding for major backers, suggesting that it’ll continue to grow as one of the most popular platforms for beginners and DIY investors.
| Robinhood Referral Program | |
|---|---|
| 📜 Robinhood Referral Link | Receive up to $200 of Free Stock |
| 🤑 Referring Gets | $200 of Free Stock |
| 🤑 Referred Gets | $200 of Free Stock |
| 📆 Get Paid | Instantly |
The Robinhood referral program is a great way to kickstart your investment portfolio. Once you’ve got started on the platform, you can start utilizing the full potential of Robinhood’s “invite friends, pick stock” portfolio.
We’re sharing everything you need to know about Robinhood, how it works, and their referral program. This step-by-step guide takes you through the process of signing up for Robinhood through the Robinhood referral program.
Robinhood Referral Program
Give your investment portfolio a helping hand by using Robinhood’s referral program. When you sign up for the platform through a Robinhood referral link, you’ll get one free stock. Similarly, you can earn free stock by sharing your Robinhood referral link with friends.
When your friend signs up, is approved, and links their bank account, both of you will get Robinhood referral free stocks. It’s that simple.
Robinhood allows you to receive up to $1,500 in gift stocks each calendar year. This monetary value will be split across all the stock that you receive through the referral program throughout the year on Robinhood. It’s worth noting that Robinhood’s T&C’s specifically mention “per household” when discussing the limit of their referral program’s value.
Each gift stock will typically have a cash value of $5 to $200. Robinhood states that 98% of gift stock is valued $10 – so don’t get your hopes up for that illusive $200 gift stock.
The Robinhood referral program is a simple way to maximize the potential of your investment portfolio. Robinhood’s free gift stock referral is unique as it allows you to choose which stock you want to receive.
However, this free stock must come from a list of 18 of America’s leading companies. The ‘gift stock’ will not always be a full stock. As Robinhood offers nominal shares, your gift stock is a specific dollar amount. You could use these free gift stock towards accumulating a full stock in one of these companies. It’s really great to grab this Robinhood promotion while it’s hot.
How to Sign Up with a Robinhood Referral Link
The Robinhood sign up is a straightforward process. We’re breaking it down step-by-step to show you what to expect when signing up through our referral link for Robinhood. It’s the best way to ensure that you get your free gift stock and start building your portfolio on Robinhood.
1. Sign up for Robinhood through our Robinhood referral link
Start the process by signing up from Robinhood through our Robinhood referral link. You’ll need to provide personal information that is required by law. Robinhood is currently only able to accept applications from users in the United States. You need to start your application by using the name that appears on your government ID, as well as providing an email address and password.
Robinhood is only available for those under 18 years old. You’ll need to be a US citizen, permanent resident, or have a valid US visa. Your sign-up process will include needing to provide a valid social security number and a legal U.S. residential address.
2. Wait for your account to be approved
You’ll be able to put one deposit into a queue before your account is approved. This process means that you can start investing as soon as your account is ready to go. Robinhood won’t charge your bank account until your account is approved.
You’ll receive an email from Robinhood confirming that your account has been approved within a few days. In some scenarios, you may be asked to provide more information before your account can be approved. These additional steps mean that it could take a few extra days to approve your account.
The most important to thing to remember is that you need to have an approved Robinhood brokerage account and have linked your bank account to your profile to be eligible for the referral reward stock. These are the only requirements for getting your free stock offer.
How to Track Robinhood Referral Stocks
Robinhood will send you a notification when your free stock is available to claim. Don’t worry if you miss the notification. You can view these notifications in the ‘messages’ section of the app. Any claimable stocks available will be displayed under ‘Robinhood Rewards’. You can keep track of all your free stocks in the free stock tab on your app’s homepage.
You won’t always want to hold the stock you get for free through the Robinhood referral program. If you decide that you want to sell, you’ll be able to do so three trading days after receiving the stock. This timeline is shorter than other platforms that offer free stocks initiatives as many make you wait several weeks before selling them on.
What can you do with the capital from sale?
You can use the capital from the sale of these stock to invest in other stocks right away. However, you won’t be able to withdraw the cash proceeds from this sale for at least 30 days. Once you’re outside of this 30-day window, you can withdraw the cash value of that stock from your account.
For example, if you receive a $200 stock for free and no nothing else with your account except sell it three days later, you’ll have to wait 30 days to withdraw the $200 cash value.
While Robinhood typically offers one free stock, they have previously offered up to as many as 5 free stocks per referral. Due to the popularity of Robinhood, it’s unlikely that the platform will offer such a high value referral promo in the future. It’s still worth checking back to this guide to see if it changes in the future.
It’s important to note that the referral program could have an impact on your tax liabilities, especially if you make a financial gain from selling your gift stock. You’ll need to add cash value of the gift stock in the “other income” section of a 1099-Misc form. You can check the value of your gift stock by visiting the ‘statements and history’ section of your profile.
If you want to check out other referral programs from a similar platform, check out our M1 Finance referral and Cash App referral articles.
How to Share Your Robinhood Referral Link
Once you have your Robinhood account up and running, you want to start referring your friends to the platform. You can earn $200 in free gift stock for every friend you refere and choose from 16 different companies for your gift stock.
How to get Robinhood referrals is not that complicated. Just go to Robinhood login and start the process by selecting the ‘account’ icon on your Robinhood app. Select ‘earn rewards’, followed by ‘invite friends’. You’ll be able to access your unique referral link or invite friends directly through the Robinhood portal.
If you haven’t received your free stock after a friend uses your referral link, you can check in the ‘past invites’ section of your referrals page. Your friend will need to link their bank account to their account before Robinhood will issue the free stocks.
What is Robinhood?
Robinhood is an investing app that facilitates commission-free investing and stock trading. It’s similar to other investing platforms like Trading 212 that exists to lower the barriers to investing in the stock market and building an investment portfolio. You can start investing in stocks for as little as $1 through fractional stocks.
Robinhood gives you access to options, ETFs, and stocks that allows you to invest at your own pace and commission-free. Recently, Robinhood has expanded to give you access to Crypto investing from as little as $1. While other crypto exchanges can charge up to 4%, Robinhood charges 0% and gives you access to popular crypto, including ETH, BTC, DOGE, and LTC.
One of the newest features from Robinhood is the Robinhood Cash Card. It acts as a traditional debit card, giving you weekly rewards to help you build up good investing habits.
Final Thoughts on Robinhood
If you want to start investing in the stock market, Robinhood is one platform that should be at the top of your list. By utilizing the platform’s referral program, you could get up to $1,500 worth of gift stock per calendar year. It’s the perfect way to start building your portfolio, especially as you can choose your gift stock from a list of the most successful American companies on the stock market.
With this step-by-step guide, it’s easy to sign up for your Robinhood account and begin investing in the stock market. Don’t forget to use our Robinhood referral link to start investing with Robinhood today.
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