If you’re looking for a great platform to trade stocks and options, Robinhood may be the perfect choice for you. They offer commission-free trading on stocks, ETFs, and options and a Robinhood sign up bonus of $5 to $200 in cash when your brokerage application is approved.
Additionally, you can earn up to $1500 in gift stocks each calendar year through their referral program. To get started, sign up using our promo code SIGNUP1500 and begin trading U.S.-listed securities and certain OTC securities electronically.
Robinhood also offers a great opportunity to earn extra money on every dollar you contribute to your IRA with their Robinhood Gold subscription. You can earn up to 3%* extra on your contributions, while IRA transfers and 401(k) rollovers can also earn 3% until April 30th.
Moreover, take advantage of the highest interest rate ever on uninvested cash, FDIC-insured up to $2.25M at partner banks. Trade your favorite stocks and ETFs, including TSLA, AMZN, AAPL, and more, 24/5. Plus, store your crypto in a Web3 wallet.
With Robinhood, you can start investing with just $1 in stocks, options, and ETFs at your own pace and commission-free.
If you want to learn more about Robinhood, including its referral program and the pathway to Robinhood sign up bonus, check out the article.
$5 to $200 Robinhood Sign Up Bonus
After your account is approved, Robinhood will deposit an amount of cash ranging from $5 to $200 Robinhood sign up bonus into your brokerage account.
To be eligible for this offer, you must use our promo code SIGNUP1500 and transfer at least $10 into your new Robinhood account.
You can use this free cash to purchase fractional shares of any of the 20 stocks provided by Robinhood. These stocks represent the largest companies in different sectors of the stock market. Alternatively, you can invest the entire amount in one stock.
How to Claim Robinhood Sign Up Bonus
- Sign up for a Robinhood account using the link mentioned above.
- Use the promo code SIGNUP1500.
- Transfer at least $10 into your account.
- After your account is approved, you will receive a cash bonus ranging from $5 to $200.
How to Redeem Robinhood Sign Up Bonus
After receiving the Robinhood sign up bonus from Robinhood, you’ll have some options to consider. If you were given free stocks as part of the bonus, you can choose which stocks to invest in from a list provided by Robinhood. Once you’ve selected your stocks, you can decide whether to keep them long-term or sell them after waiting a few days.
It’s essential to review the terms and conditions of the Robinhood sign up bonus offer to understand any limitations or requirements. Overall, the welcome bonus provides you with an opportunity to start exploring and investing in the stock market through your Robinhood account.
$1500 Robinhood Referral Bonus
As a loyal customer of Robinhood, you have the opportunity to earn attractive commissions through their referral program.
When you refer a friend to Robinhood and they sign up for a real account, you can receive rewards in the form of free stocks. Robinhood offers a referral bonus of up to $1,500 in gift stocks each calendar year.
To take advantage of this offer, use the promo code SIGNUP1500 to claim your referral bonus. When your friend signs up using your referral link, they can receive a Robinhood sign up bonus of $5 to $200.
Additionally, you can generate your own referral link to refer more friends and earn more free stocks through the referral bonus program. It’s a great way to earn extra rewards while introducing your friends to Robinhood.
Steps to Referral Bonus
- Sign up for Robinhood using the promo code SGNUP1500 and get your special referral link.
- Share your link with friends.
- When a friend signs up using your link and meets the requirements, both of you get a bonus.
- Keep sharing your link and earning bonuses.
- Remember to check the rules and enjoy your rewards.
How to Redeem Referral Bonus
Redeeming your referral bonus with Robinhood is pretty straightforward. When you get the $1500 gift stock, you must hold onto it for three trading days before selling. After that, you’ll need to wait for 30 days before you can withdraw the gift amount from Robinhood.
Typically, most people will earn $5 worth of stock per referral, although some might get more. These days, Robinhood lets you choose which stock to apply your referral reward toward instead of randomly assigning one. Plus, you can use your referral money to buy fractional shares, which makes it easier to invest in stocks. Overall, earning and redeeming referral bonuses with Robinhood is a simple process.
All About Robinhood
Robinhood, established in 2013 and headquartered in the United States, is an online stockbroker offering access to stocks, ETFs, options, and cryptocurrencies.
Robinhood offers commission-free trading, making money through rebates from companies it partners with. Their system chooses the best company to handle user trades, ensuring good deals. This applies to both stock and cryptocurrency trading.
Robinhood offers three types of accounts: Standard, Gold, and Cash. But it doesn’t have special accounts for Muslim traders or provide a free trial account. Deposits are protected up to $500,000 for investments and $250,000 for cash, regulated by SIPC and overseen by the SEC.
Margin trading, available only in the Gold account, has a low ratio and needs a minimum balance of $2000. Overall, Robinhood is seen as a safe stockbroker with fair prices, clear features, and good customer service.
Pricing and Fee
| Service | Fee |
| Stocks, Options & ETFs | Commission-free |
| U.S. Listed & OTC Securities | $0 |
| Options | $0 |
| Debit Balances | $0 |
| Returned Check (non-IRA) | $25 |
| ACATS, Outgoing | $100 |
| Standard Margin Rate | 12% |
| Robinhood Debit Card, Account Opening, New Card fee | $0 |
| In, Out-of-Network ATM, Foreign Transaction Fees | $0 |
| Robinhood Gold 30 day subscription | $6.99 |
| Robinhood Gold Annual subscription | $75 |
| Margin Rate over $1,000 | 8% |
Make Money With Robinhood
- Earn up to 3% Boost: With Robinhood Gold subscription, you can earn up to a 3% boost on every dollar contributed to your IRA.
- Uninvested Cash: Robinhood Gold offers the highest rate ever on uninvested cash, which is FDIC-insured up to $2.25M at partner banks.
- Trade Anytime: Trade your favorite stocks and ETFs anytime, as Robinhood allows trading 24 hours a day, 5 days a week.
- Earn Additional Income: Turn on Stock Lending to earn extra income on stocks you already own.
- Control Your Crypto: Utilize Robinhood Wallet to own and manage your cryptocurrencies securely.
- Choose Your Free Stock: Sign up for Robinhood or refer a friend to choose your free stock, providing an opportunity to earn a Robinhood sign up bonus or more.
- Start Small: Begin building your investment portfolio with as little as $1, investing in stocks, options, and ETFs commission-free.
- Dive into Crypto: Get into crypto trading without commission fees, starting with as little as $1 and accessing popular cryptocurrencies like BTC, DOGE, ETH, and SHIB.
Is Robinhood Legit and Safe
Robinhood offers a convenient platform to trade stocks, ETFs, and cryptocurrencies without charging any fees. It’s generally considered safe, with strong insurance protection and registration with FinCEN for legal operation in the U.S. Plus, Robinhood takes cybersecurity seriously by employing experts for regular penetration testing to ensure the security of user accounts and data.
Alternatives to Robinhood
- Moomoo: Moomoo is a trading app offering sign up bonus, and commission-free trading of stocks, options, and ETFs. It provides advanced trading tools and features, including real-time market data and research resources. Referring friends will also give you a Moomoo referral bonus.
- Charles Schwab: Charles Schwab is a full-service brokerage firm offering a wide range of investment products and services with its sign up bonus starter kit. It provides commission-free trading of stocks, ETFs, and options, along with robust research and educational resources. You can learn more about it in the Charles Schwab review.
- Tastytrade: Tastytrade is an options and futures trading marketplace that has emerged in its alternatives. It offers commission-free trading of stocks, options, and futures, a Tastytrade sign up bonus, a referral bonus, as well as access to a variety of trading tools and educational content.
- Webull: Webull is a commission-free trading app offering sign up bonus, stocks, ETFs, options, and cryptocurrencies. It provides advanced charting tools, real-time market data, and research reports to help traders make informed decisions.
- E*TRADE: E*TRADE is a brokerage firm offering commission-free trading of stocks, ETFs, and options. It provides a range of investment products and services, along with research and educational resources to help investors make informed decisions.
- Ally Invest: Ally Invest is an online brokerage platform offering sign up bonus commission-free trading of stocks, ETFs, and options. It provides a user-friendly interface and access to research and educational materials for traders of all levels. More information can be found in the Ally Bank review.
Conclusion
Robinhood sign up bonus offers a great opportunity for new traders to start their investment journey. Users can receive free stocks or cash by simply opening an account, providing them with valuable assets to begin trading.
With the potential to earn additional bonuses through referrals, Robinhood makes investing accessible and rewarding for everyone.
FAQ
How do I qualify for the Robinhood sign up bonus?
To qualify for the Robinhood sign up bonus, you typically need to open a new Robinhood account and meet certain requirements, such as linking your bank account and completing the verification process. Specific conditions may vary, so it’s essential to review the terms and conditions of the promotion.
What types of bonuses does Robinhood offer for signing up?
Robinhood offers various bonuses for signing up, including free stocks or cash deposits into your account. The value of the bonus can vary depending on the current promotion and may range from a few dollars to a more significant amount. Additionally, Robinhood occasionally runs special promotions, such as referral bonuses, where you can earn extra rewards for inviting friends to join.
When will I receive my Robinhood sign up bonus?
After meeting the eligibility criteria, you should typically receive your robinhood sign up bonus within a specified period, such as a few business days. However, processing times may vary based on factors like account verification and promotion terms. It’s advisable to check the promotion details or contact Robinhood customer support for more information on bonus disbursement timelines.