Robinhood Free Stock: Worth between $7-$175

New Robinhood users can claim a free stock worth between $7-$175 when they sign up with a referral link and deposit at least £1.

96% of free stocks are worth between $7-$8 so consider this £5ish of free money for a couple of minutes of “work”.

How does it work?

You need to be a new Robinhood customers to be eligible for the Robinhood free stock scheme. It only works for their general investment account and is not eligible for ISA accounts. Once you’ve opened your account you will need to fund it. The minimum fund amount is currently £1 but this could change.

After you’ve successfully funded your account you will be able to claim your Robinhood free stock and pick what to invest it in.

What stock can I get?

Unlike other free share schemes, with the Robinhood free stock scheme you get assigned a value which you can then pick which company to invest in. The choices are made up of the top companies traded on Robinhood and feature big companies like Nvidia, Coca-Cola, Johnson & Johnson and Tesla.

You can pick to either sell the stock straight away or hold. After 30 days you can withdraw as cash without any penalties.

How much can I actually expect?

You should expect to get between $7-$8 in your free share value which is £5-£6 when converted. If you’re lucky you may get higher and like any random lottery, someone has to get the bigger values and maybe that someone will be you!

But for approximately 5 minutes of work, £5 in free money is pretty good. That’s a £60 per hour rate!

Ready to claim your Robinhood free stock? Sign up here.