When Does A Stock Get Register

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Millions of amateur investors tin't be wrong — and with those millions of people signing up to use the Robinhood Fiscal app, information technology'due south worth looking into what they're finding and then enticing. People choose the app because information technology provides a simplified way to merchandise stocks, options and commutation-traded funds (ETFs) from a smartphone for on-the-go investing. Information technology'due south gratuitous to use to trade on the stock marketplace, and it's easy to operate with merely a few swipes of your mobile device.

You lot don't need much coin to become started with Robinhood, and the app provides y'all with researched details on well-nigh every stock, helping y'all learn whether analysts recommend buying, selling or property. But perhaps 1 of the top features attracting users to Robinhood is that when you sign up and make your offset trade, y'all can earn costless stock. Find out more most how yous, also, can have advantage of this offer.

First, Open up Up an Account

Earlier you can get a free share of stock on Robinhood, you have to sign up for an account. You lot can exercise that by downloading the app to your smart device or visiting the website at Robinhood.com and clicking "sign up" push on the homepage. In the company's earlier days, you lot had to deposit at least $10 from your checking account to get the gratis stock, but today, it'southward every bit simple as signing upwardly. Don't endeavor to open another account to get more costless stock, however. But 1 free share is available per person. You can sell your gratis share afterward two trading days.

To sign up for an business relationship, you must be at least 18 years former and have a valid Social Security number. Y'all must too have a legal residential address within the U.South. or Puerto Rico, and yous must be a U.South. citizen, permanent resident or have a valid U.S. visa. If you're in the military and stationed overseas, the company may make an exception for y'all.

If You Want More, Recommend a Friend

Some other way to go a gratis stock share is have your friends sign upward. Once you lot take an account, yous tin invite people you know. To do this, go to your account page and click on the link that reads "invite friends, go free stock." Then, access your contacts on your mobile device and click on the people you want to invite.

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If they sign up, Robinhood will give you each a free stock. Keep in mind that you can earn up to $500 worth of free stock each year, and then you lot can invite as many friends as y'all like up until yous reach that threshold.

How Does Robinhood Pick Your Free Stock?

Robinhood has an inventory of shares of stock, and your free share will exist pulled from that collection at random. This ways you may non receive the aforementioned stock your friends do. While Robinhood'south inventory of stocks run from roughly $2.50 to $200 per share, y'all take a 98% chance of getting a share that is worth around $10 or less. Proceed in heed that marketplace fluctuations volition also bear on the value of the stock you receive.

For tax purposes, you'll receive a 1099-MISC form for the amount of the free stock you receive from the company at the fourth dimension you receive it. If the price rises earlier y'all sell information technology, you'll written report that coin as capital gains. E'er make sure you check Robinhood's terms and conditions regarding the gratuitous stock, as they may change from time to time. Make sure you claim your gratuitous stock within 60 days of receiving it or the offer will expire.

Which Stocks Can You Get for Gratuitous?

Robinhood claims that its inventory of stocks is from the most popular companies on the New York Stock Substitution. While the odds are low of getting a high-dollar stock, past users have earned free shares from companies similar Facebook, Microsoft, Sprint, Ford, Apple tree, Visa, Johnson & Johnson, Kinder Morgan and GoPro. The stock yous'll receive depends on what's available in Robinhood'southward inventory at the time.