﻿Alright, everybody, I’m Logan Allec, I’m a CPA, and I typically refrain from overly promoting free
stock promotions from companies like Webull and Robinhood in my videos. Well, today,
I am releasing all that built-up free stock promotion pressure and
gushing on you a round up of 11 places to get free stock, some of which you have inevitably heard of
and others you probably haven’t or at least I hadn’t when I was creating thi video, but over the
past week I painstakingly created accounts at all of these free stock brokers to tell you which ones
give you free stock, how much you could expect to receive, if there are any monthly or commission
fees associated with each one of these brokerages, and any other things you should know about. Also,
just FYI, I am recording this video in late February 2021, these companies change their
bonuses all the time, so if you’re watching this, it’s quite possible that the bonus terms
have changed since I recorded this, so don’t flame me for that. Also, before we begin,
let me share with you three things to know about this list, first thing, I am not including on
this list bonuses that you have to deposit a lot of money into, for example, you could get a $350
bonus right now for opening a T.D. Ameritrade account right now and depositing at least two
hundred and fifty thousand dollars, I’m not including stuff like that in this list because
I know that’s unattainable for the majority of you out there. Number two, I am sharing with you these
companies in order of how famous they are to how not famous they are, so at the beginning, yeah,
I’m covering Robinhood and Webull but the companies will become more and more obscure
as the video progresses, so be sure to stick around to the end because I’m almost positive
there will be at least one free stock offer right now you haven’t heard of. And finally, number
three, I have my free stock referral links to all these companies down in the description below so
if you’re so inclined to open up a brokerage at any or some or all of these companies,
I would be extremely grateful if you used my links below so that both of us can get a bonus,
thank you so much for supporting the channel. So without further ado, here are 11 places
to get free stock valued between one hundred and eighty-six dollars and forty-seven cents
and three thousand, six hundred and nine dollars and seventy-nine cents. Number one, Robinhood. At
least in my mind, this was the first app-based brokerage to have a free stock promotion.
For basic trading on Robinhood right now, there are no commissions and no monthly fees, and if
you use my link in the description below, you could receive a free stock worth anywhere between
approximately $5 and two hundred and four dollars and seventy-nine cents or whatever the current
market price is of VISA stock because according to the Robinhood FAQ about the free stock, VISA
appears to be the stock with the highest share value that you could receive right now, and you
have a 1 in 150 chance of getting it by the way, Robinhood also makes it clear that 98% of awarded
stocks will have a value of $10 or less. Alright, number two, Webull. If you’ve been watching
finance videos on YouTube for any length of time, you have undoubtedly heard about the Webull free
stock promotion, right now if you open a Webull account you will get a free stock upon opening
your account valued between two dollars and fifty cents and two hundred and fifty dollars. Then
if you make a deposit of at least $100 you will receive an additional free stock valued between $8
and sixteen hundred dollars. Webull touts that you have a 1 in 100 chance of getting from stock from
Facebook, Procter & Gamble, Starbucks, and Snap when you first open your account
and a 1 in 50 chance of getting stock at Google, Facebook, Procter & Gamble, Starbucks, Kraft
Heinz, and Snap when you make your deposit of $100 or more. Webull has no monthly fees or commissions
on stock trades. Next up is Charles Schwab, this is obviously a non-app-centric brokerage, I’m
not going to spend much time on this one because the minimum to invest to get the bonus is $1,000,
so if you deposit $1,000 into your new Schwab account, you get $100, and it goes up from there.
Schwab has no account minimums and no commissions on online trades, they were kind of the first “big
boy” brokerage to go that route and then everybody else followed suit. Next let’s talk about Acorns,
Acorns gives you $10 in your Acorns account balanced once you make your first investment.
Thing to know about Acorns though is that unlike the other brokerages I’ve talked about so far,
Acorns charges monthly fees -- one dollar a month, three dollars a month, or five dollars
a month depending on your plan -- because Acorns is essentially a microsavings app and lightweight
robo-advisor mixed into one, it’s not an app where you can sign up, deposit your money,
and say, hey, I want to buy a share of TSLA stock or a Vanguard or ARK ETF or something like that,
you can’t do that in Acorns, rather this is a platform where you put your money
in and Acorns then allocates it to various ETFs, if you’re confused by this concept, watch my
dedicated walkthrough and review of the Acorns app, I go over all of it, are the fees worth it,
link at the top of the screen. Next let’s talk about Stash, Stash currently gives
you a $5 bonus when you add at least $5 to your account. Stash also charges a monthly fee, there
are subscriptions at a dollar a month for Stash Beginner, three dollars a month for Stash Growth,
and nine dollars a month for Stash Plus, to be honest I don’t know a whole lot about Stash as
it exists right now, I checked it out years ago for my blog, back then their big thing was, “Oh,
you can invest in certain portfolios,” which were really just ETFs you could buy anymore,
but it seems that now they’re trying to be more of an all-in-one financial home for their users.
Alright, let’s move on to my personal favorite, M1 Finance, check out my M1 Finance review to see
why I love it so much, I’ve been using them for years now, but right now they are offering a $30
signup bonus if you deposit at least $1,000, and if you’ve seen my M1 Finance review you
know that M1 Finance is all about pies, so that $30 will get deposited into your pie you set up.
There are no monthly fees or commissions at M1 Finance at least as far as the free version goes,
there is a paid version of M1 Finance called M1 Plus that I personally subscribe to for reasons
stated in my M1 Finance review, so be sure to check that out if you haven’t seen it yet. OK,
next up is Public, it’s not really apparent when you click the link, but they do give a $5 bonus
just for creating your account, no minimum deposit or anything like that. When I logged into Public
for the first time as I was creating this video, it really struck me as like a Twitter of sorts for
investors, people share posts on their investing strategies, you can see their portfolios,
what they’ve invested in, very interesting concept to say the least. There are no monthly fees or
commissions on stock trades at Public, though you can choose to tip Public if you so chose when you
make a trade. Now let’s talk about Firstrade, they are not new, they’ve actually been around
for about 35 years now, but as of late they seem to be following the Webull model for free stocks,
you go to their free stock page and it just has a very Webull feel, and the promotion works the same
way. Basically open you account, you get one free stock, and you get an additional stock when you
deposit $100 or more. And each free stock is randomly assigned and is worth anywhere between
$3 and $200, so the combined value of your free stocks from Firstrade will be anywhere between
$6 and $400 for both stocks combined. No monthly fees or commissions at Firstrade, and just FYI
when I first went on their website I thought that they, like Webull, were ultimately Chinese-owned
because you can access the website in both simplified and traditional Chinese, but they’re
not, it was founded by a Chinese-American guy but it has no Chinese ownership as far as I can tell.
Alright, so now we’re going to move on to what are in my opinion lesser-known brokerages that are
currently offering free stock. And let’s start with Dough, Dough is pretty straightforward,
you sign up, and you get a free stock, you don’t have to make a deposit or anything,
the stock I got was really inexpensive though, it was for natural gas company Tellurian Inc with
a value of three dollars and fifty-seven cents when Dough gave it to me. Dough has no account
minimums, no monthly fees, and no commissions on stock trades. OK, now let’s talk about Moomoo,
Moomoo gives you one free stock up to $200 when you deposit at least $100 into Moomoo,
and when your net deposit reaches $1500, you get an extra free stock up to $1000. Moomoo
claims that you have a 1 in 250 chance to win a share of Tesla, Netflix, Apple, etc. Moomoo does
not have a monthly fee and charges no commissions on stock trades. And finally, last of all,
let’s talk about nvstr, which currently offers up to $1,000 in free cash to invest
when you join with rewards selected at random. In order to get this bonus, you must place a trade
within 1 month and funds cannot be withdrawn for a year. And folks, this might kill the deal for you,
nvstr charges a monthly fee of four dollars per month that gets you up to 20 trades per month with
any trades beyond that costing four dollars and fifty cents. That’s not terribly appealing to me,
I think it’s kind of like a socially-based investing platform as well kind of like Public,
but honestly the commissions make me want to shy away from this especially since there are
so many other commission- and fee-free shops out there. Alright, folks, those are eleven places you
can get free stocks right now, thank you so much for watching to the end, and remember to use my
referral links below if you can to get those free stocks, and if you want something else to watch,
check out the videos that will pop up on the next screen, I think you’ll really
enjoy them and find them informative, so I will see you over there in those videos.