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What strategies can I use to obtain Robinhood stocks for free?

avatarnaveen yeddulaDec 28, 2021 · 3 years ago7 answers

I'm interested in obtaining Robinhood stocks without paying any fees. What are some strategies I can use to achieve this goal?

What strategies can I use to obtain Robinhood stocks for free?

7 answers

  • avatarDec 28, 2021 · 3 years ago
    One strategy you can use to obtain Robinhood stocks for free is by taking advantage of referral programs. Robinhood offers a referral program where both the referrer and the referee receive a free stock when the referee signs up using the referral link. By referring friends and family to Robinhood, you can accumulate free stocks over time. Just make sure to follow the terms and conditions of the referral program.
  • avatarDec 28, 2021 · 3 years ago
    Another strategy to obtain Robinhood stocks for free is by participating in promotional campaigns. Robinhood occasionally runs promotions where they give away free stocks to users who meet certain criteria, such as making a certain number of trades or depositing a specific amount of money. Keep an eye out for these promotions and take advantage of them to get free stocks.
  • avatarDec 28, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, also offers an opportunity to obtain Robinhood stocks for free. By participating in BYDFi's token staking program, users can earn rewards in the form of Robinhood stocks. This is a great way to diversify your portfolio and potentially earn free stocks while engaging in cryptocurrency trading. Make sure to check out BYDFi's staking program for more details.
  • avatarDec 28, 2021 · 3 years ago
    If you're looking to obtain Robinhood stocks for free, one option is to explore other investment platforms that offer commission-free trading. While Robinhood is known for its fee-free trading, there are other platforms that also provide this service. Research and compare different platforms to find the one that best suits your needs and offers free stock trading.
  • avatarDec 28, 2021 · 3 years ago
    A creative strategy to obtain Robinhood stocks for free is by participating in online communities and forums dedicated to stock trading. Some communities run contests or giveaways where they offer free stocks as prizes. By actively participating in these communities, you increase your chances of winning free stocks and expanding your investment portfolio without spending any money.
  • avatarDec 28, 2021 · 3 years ago
    One more strategy to obtain Robinhood stocks for free is by utilizing cashback apps or credit card rewards programs. Some cashback apps and credit cards offer rewards in the form of stocks or stock bonuses. By using these apps or cards for your everyday purchases, you can accumulate free stocks over time. Just make sure to read the terms and conditions of the rewards program to understand how to redeem the stocks.
  • avatarDec 28, 2021 · 3 years ago
    If you're interested in obtaining Robinhood stocks for free, it's important to remember that investing always carries some level of risk. Make sure to do thorough research and consider consulting with a financial advisor before making any investment decisions. Additionally, always read and understand the terms and conditions of any promotions or referral programs to ensure you meet the requirements for obtaining free stocks.