Share Robinhood, Get Free Shares of Stock
How does it work?
Share your link with a friend and you’ll both a share of stock when their application is approved.
How does Robinhood choose which stock my friend and I get?
When your friend’s application is approved, the shares of free stock are chosen randomly from our inventory of settled shares. Because we choose randomly, you and your friend may not receive the same stock. The value of the share may be anywhere between $3 and $150, and fluctuates based on market movements. We choose companies and purchase stocks every day into the inventory based on their total value (market capitalization) and the price of each share.
It doesn’t say anything about getting free shares of stock in my app?
This promotion is only available to a select group of users. We’re hoping to make this available to everyone as soon as we can.
It didn’t work for me. Why is that?
Make sure that your friend signed up with your link. After they sign up, you should see a pending reward for a share of free stock in your history screen. If the reward doesn’t appear, please contact support. Unfortunately, we won’t be able to credit everyone who didn’t sign up with the link.
I invited my friends to Robinhood in the past. Can I get this reward now?
We appreciate that you inviting your friends to Robinhood prior to this program. Unfortunately, we cannot credit you for past invites.
Do I have to hold the stock in my account for a certain amount of time?
You are allowed to sell the free share of stock two days after you receive it. It’s completely up to you whether you keep or sell the stock. You can use the proceeds from the sale towards other stocks that you want to invest in.
When can I take the money out of Robinhood?
You have to keep the cash value of the stock in your account for at least 30 days before withdrawing it. After the 30-day window, there are no restrictions on the money.
- If we add 1 share worth $10 to your account, you cannot withdraw the $10 you receive by selling the stock for 30 days.
- If we add 1 share worth $10 to your account and you deposit $100 dollars into your account, you can only withdraw $90 until you sell the stock bonus. After you sell the share, you will be able to withdraw an additional $10.