What could be better than owning stock in growing companies and increasing your net worth? How about getting those stocks for free!
As crazy as it sounds, there are actually several different ways you can get free stocks. A number of companies and investment apps are giving away shares of stock in order to get people to try their services, and that means you can load up on these freebies with minimal effort.
In this article, we’ll take a look at how to get free stocks that you can hold for the long term or sell for a profit.
How to Get Free Stocks
Let’s take a detailed look at the best offers available. Many of these offers involve a free bonus when you sign up or create an account. Some require you to deposit a specific amount to qualify. If you take advantage of multiple offers, the rewards can really add up. Please keep in mind that these offers can change quickly. We try to keep this page updated, but details may change.
Gotrade is a platform that makes it possible for investors to own a piece of American companies through fractional shares trading. Essentially, users can buy parts of shares in some of the U.S.’s biggest companies. The company works as an introducing broker to a Financial Industry Regulatory Authority-regulated (FINRA) U.S. intermediary (Alpaca Securities LLC). Through this broker, stock inventory is split into millions of fractions. A Gotrade user can then decide how many fractions to buy, or can set their budget and the app will automatically calculate the number of fractional shares they can afford through notional value trading.
For example, a user could buy $5 (0.01028807 shares) of Netflix or $5,000 (10.2880658 shares) of Netflix without having to do the calculation themselves. The transaction takes place seamlessly and in real time, although the trades execute only when the US market is open.
Users can search for specific stocks, or browse through categories from Tech Giants to Sport, Women in Charge, Gaming, and COVID-19-related listed companies. Once they click on a listing, a chart shows that particular stock’s recent price movement, as well as its market cap, dividend yield and more. Recent news flow from the company is also displayed. Clicking on any of these terms reveals a pop-up which explains the meaning of the term. From this page, users can buy or sell.
All fractional shares are shown on a user’s Portfolio page, where they can track performance, add companies to a Wish List, and sell shares they no longer wish to hold. When dividends on a share are paid, they go into the user’s account.
Gotrade’s model extends the protection offered by the Securities Investor Protection Corporation, which protects users accounts for up to $500,000, to users globally. And all money flows through counterparties regulated in Singapore (Rapyd) and the United States (Alpaca & First Republic Bank).
How to Get Free Stock from GoTrade
When you complete the signup process through this link (it takes just a couple of minutes), you’ll get up to $100 of free stock in a company of your choice. You can also earn free stock by referring your friends.
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