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How To Get Your FREE Robinhood Referral Stock (2021 Invite Code)
Sign up with our Robinhood referral code and get a free stock worth up to $225. Then refer friends for another $500 in stock a year.
Not only will you get your Robinhood free stock referral bonus and be able to earn more free stock when you invite friends to Robinhood with your own invite code via Robinhood’s refer a friend program, but you’ll also be able to trade stocks and crypto commission-free anytime directly from your phone!
More details on how to earn with Robinhood’s referral program are found below, and we’ll even discuss opportunities to boost your earnings with Robinhood’s affiliate program. First, use the Robinhood referral link below to get started and earn your free stock today!
|Robinhood Referral Code Link||https://join.robinhood.com/thomasd-9eb0d2|
|Robinhood Commission||Up to $500 in stock|
|Robinhood Referral Code Savings||Up to $225 in stock|
|Last Verified||July 26, 2021|
Robinhood Referral Code
Sign up for Robinhood with referral code thomasd-9eb0d2 and get a free stock worth up to $225. You can get your free stock just by creating a Robinhood account, inputting your info, and connecting your bank account. You don’t even have to place a trade to qualify! Then, after you sign up, share your code to earn up to an additional $500 in free stock a year!
You can get free crypto just for signing up for Robinhood and trading crypto using the following special referral code link https://join.robinhood.com/thomasd-9eb0d2/?crypto_promo=1. This deal only lasts for a limited time, so make sure to use the link and get trading ASAP! Don’t forget, you can trade crypto commission-free at Robinhood too!
How to Sign-Up for Robinhood
One of the best features of Robinhood’s referral program is how easy it is to sign up and get started. Here is how you create your own account, earn some free stock, and refer people to Robinhood to make even more.
- Create a Robinhood Account.
Create a Robinhood Account by visiting the Robinhood sign up page.
- Input Your Info and Link Your Bank Account.
Input your information and link your bank account to qualify for your free stock.
- Get your free stock.
Once you have created your account, click the account/person icon in the bottom right corner, then tap “Get Free Stock“.
- Share your link.
To share your Robinhood referral code, tap “Invite Contacts“, then tap “Invite” next to the friends you want to refer to Robinhood. Or, simply copy and paste your Robinhood invite link and share your code by hand.
From there, you can start referring your friends to Robinhood and earning free stock for everyone who signs up and connects their bank account (feel free to share our step-by-step process)! All you need is your Robinhood invite code to share, and you will be on your way to quickly and diversifying your stock portfolio.
How the Robinhood Referral Program Works
Share your Robinhood referral code, and both you and your friend earn a free stock to add to your portfolio when they sign up and connect their bank account. You can earn a total of $500 worth of stocks a year by sharing your code with friends, and each stock will be worth $2.50 and $225. With that in mind, you have a higher chance of earning $2.50 than $225. According to Robinhood’s Referral Program details, “98% of the participants will receive a reward stock having a value from $2.50 to $10.” in other words, you can earn a little less than $2.50, and the lower value stocks are much more common to earn.
There are some other rules and limitations to consider. Still, the bottom line is Robinhood’s Referral Program allows you to grow your portfolio just for spreading the word about Robinhood! Below we will cover more details, including some of the rules you need to know to earn even more by becoming a Robinhood affiliate!
Robinhood Affiliate Program
If you are an influencer or content creator, you may also want to look into Robinhood’s Affiliate Program on Impact. You can still offer your invitees a free stock, but instead of simply earning a free stock, you’ll earn up to $30 commission per sign-up! Just keep in mind you have to apply for this program, and this is different than the Robinhood refer a friend program described above.
Robinhood Rules and Limitations
Even with the freedom to send the link to nearly anyone who doesn’t have an account on Robinhood, there are some things to consider when using the Robinhood Referral Program.
- You must claim your reward stock within 60 days.
- You can only earn up to $500 per year in reward stocks.
- You do not get to choose what stock you are awarded. Robinhood will randomly choose a stock for you between $2.50 to $225 in value (with lower value stocks being more common).
- You can only have one account, so you can’t open another account just for stock rewards or earn one from your own Robinhood invite code.
- Your invites have to signup and link their bank account before you receive the reward stock.
- You must agree to participate in the stock reward program. Otherwise, you will not be credited with any referrals you make to Robinhood for your friends and family.
Additionally, you also have to be mindful of how your reward stocks and your activity on Robinhood will appear on a tax document at the end of the year. For more information on that, feel free to find out more about how your rewards will appear on your tax documents.
What Are My Chances of Earning an Expensive Reward Stock?
Robinhood’s reward stocks vary in their pricing, but there is data that can give you a probable guess as to what stock you are most likely to earn. Unfortunately, you can expect to earn stocks that cost between $2.50-$10 on average in practice.
According to their website, 98% of all Robinhood referral partners earn a stock that costs between $2.50 to $10.
Only 1% of all Robinhood participants earn a stock that is valued between $10-$50. Another 1% earn a stock that is worth $50-$225. These odds might be small, but you still have a shot at earning these stocks!
Even with these low odds, it is still definitely worth sharing your referral code with friends especially since you can keep earning up to the $500 limit each year.
Robinhood Referral Program Review
Robinhood’s Referral Program is one of the best in the genre due to the generosity (something that is very uncommon with equity-related platforms). We love that both parties get something, and we especially love that they get some free stock. It is legitimately exciting. We also like that the referral program applies to any account type, whether you have the Instant, Gold, or even Cash account types, and that you don’t have to make a trade to qualify for the free stock.
With that said, for pure earning potential, you for sure want to go with the affiliate program (not something everyone can do). Another plus here is the platform itself. Robinhood, in general, is going to get high marks from us for their low fees and ease of access to crypto, equities, options, and more.
Honestly, the only gripe we have with Robhinhood’s invite program is the quality of stocks you get. We have typically gotten penny stocks as rewards from companies that we had to look up. They weren’t stocks we would have bought on our own. Still, the experience was fun!
With all of the great features and few drawbacks considered, we give the Robinhood referral program a 4 out of 5.
How Robinhood Works
Robinhood, founded in 2013 by Vladimir Tenev and Baiju Bhatt, is a commission-free investing platform that allows individuals to buy, sell, and trade stocks, options, exchange-traded funds, and cryptocurrency. Robinhood used to be one of the only brokers that offered free trades for its users. Now, largely due to other brokers following in Robhinhood’s footsteps, they are among dozens of others who offer commission-free trading. With that said, their low-cost options and zero-fee crypto trading are still very competitive for the industry.
Types of Robinhood Accounts
Robinhood has different levels of accounts to choose from depending on a user’s experience, the types of transactions they want to create, and how serious they are about their stock trading.
First-time users begin with Robinhood Instant accounts. Robinhood Instant accounts can use instant deposits, extended-hours training, and you will be able to have instantaneous processing of funds.
Robinhood Gold is just like Instant, but allows for people to have more choices for their purchases. They can make larger instant deposits into their accounts.
Robinhood Cash is the last account type. This allows for commission-free trades during standard and extended-hours trading. However, you don’t have access to instant deposits or settlements with this account type. Users can downgrade to this account from Gold or Instant at any time.
If you are an active trader on Robinhood, you may way to consider upgrading to Robinhood Gold. Gold is the highest level of Robinhood account and offers vital perks for serious traders like access to level II data and margin trading. The best part about Robinhood Gold is that you can try it out for free. So, you can test it before you trade to know if it is the right choice for you. After you sign up for Robinhood, make sure to opt-in to a 30 day free trial of Robinhood Gold. If you cancel, you won’t get a charge. However, if you want to keep it, it’ll only cost you $5 a month.
One of the best parts of Robinhood is its wide selection. That selection includes cryptocurrency. The fact that you can trade crypto on Robinhood is cool. However, the fact that you can trade crypto commission-free makes Robinhood one of the only platforms on which you can trade crypto without paying fees!
Robinhood doesn’t have the largest selection of crypto, especially not compared to other platforms like Binance. However, they do offer all the top coins like Bitcoin, Ethereum, and Doge.
Robinhood Penny Stocks
If you want to find penny stocks to trade on Robinhood, Reddit is a good place to look. In fact, we highly suggest checking out Robinhood Penny Stocks on Reddit if you are looking for some cheap low cap penny stocks to start trading with. Obviously, the average investor will want to focus on buying and holding blue chips and ETFs, especially with Robinhood’s fractional trading options considered (as fractional shares mean no investor is priced out of a stock), but that doesn’t mean there isn’t room to have fun and get your trading chops up with penny stocks.
Robinhood is a solid platform for newcomers and for seasoned traders. Heck, we even use it for crypto trades sometimes due to zero-commission trading. The referral program is as solid as the platform itself, and we love that we can share Robinhood and earn some free stocks.
We highly suggest using Robinhood. So, if you want to get started with some free stock, feel free to use our referral code thomasd-9eb0d2 to start your Robinhood account today.
Common Questions and FAQs
If your referral isn’t working, it is likely because you or your friend you shared your invite code with has not yet connected their bank account. The reward will show as pending until you connect your account. With that said, you’ll need to opt into the rewards program before you can claim your stock. So make sure to opt-in!
Unfortunately, no. It is randomized, and you are given a stock that the site has chosen.
Yes! Robinhood is for all individuals of any experience level.
Once you receive your reward stock, that means that your friend has signed up. This will only happen after they connect their bank account to their account.
At this time, Robinhood does not offer cryptocurrency as its rewards.
You are free to sell, keep, or buy more if you want to! There are no limitations once you have earned the stock.
No, you must claim your free Robinhood stock within 60 days.
You can start earning from the moment you create your account on Robinhood as a stock trader.
Your stock, no matter the price, will be listed as “Other Income” on your 1099-MISC. Any profits that you sell the stock for will be listed as capital gains.
Yes, you can be a referral partner with any type of Robinhood account, as long as you have an active bank account connected to your portfolio.
There are no limitations to how much you can earn in your portfolio.
If you want to cancel your Robinhood account, be sure to withdraw your earnings and then you will not lose any of your profits.