Robinhood trading: Free stock trading and a chance to earn Free Stocks

in #money7 years ago

A friend recently sent me a "share with friends link" for the Robinhood trading app. I was skeptical at first. Yet seeing how a friend sent it to me, I decided look into it. I'm not invested in the stock market. Yet the chance to earn free stocks sounds cool to me. I originally signed up to steemit hoping to earn my way into the Crypto currency market. I had no clue That I would grow fond of this community and it's values. It was a great choice. So if I can earn a few stocks, then I don't see why not play along.

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More info on Robinhood Trading from Wikipedia
Robinhood Markets offers a free stock trading app.
The company keeps the cost low by having no storefronts.

The firm is a FINRA-approved broker-dealer, registered with the U.S. Securities and Exchange Commission and is a member of the Securities Investor Protection Corporation (SIPC).

They currently have over two million users.

Initially when the firm launched they had a waiting list of 100,000 people, by Sept. 2014 the waiting lay was up to 500,000 people.

Currently 50% of Robinhood's customers who have made a trade, visit the app daily. As of 2017 the company has executed over 30 billion in trades.

Currently they are running a promotion offering new users a chance to earn free stock simply by downloading the Robinhood App and signing up with them. As for me my focus is on steemit and silver. Yet why turn down a chance to earn a few stocks for free. Yet I'm sure a few readers experience in stocks, which is why I'm sharing this post.

I'll admit that I'm always skeptical of clicking on outside links posted on steemit. This is why I included the company info as shared by Wikipedia. I signed up from my friends link, hoping to help her earn a few stocks for herself. Yet by signing up myself I qualified to earn a free stock also.
Here's more info on the promotion taken from the Robinhood page itself:

"How does it work?

Share your invite link with a friend and have them sign up! You and your friend will get a free stock when their application is approved.

How does Robinhood choose which stock my friend and I get?

The shares of free stock are chosen randomly from our inventory of settled shares. Because the shares are chosen randomly, you and your friend may not receive the same stock.

The value of the share may be anywhere between $2.50 and $200, and fluctuates based on market movements. We choose from the most popular companies on Robinhood, based on the total value (market capitalization) and the price of each share."

Here's the fine print for anyone who's interested.

Terms & Conditions

Robinhood free stock bonus offer valid for existing qualifying clients who successfully refer a new Robinhood account. Bonuses will be credited only if the referred Robinhood account is approved and the bonus is claimed through the Robinhood platform. Limit one offer per qualified referral with a maximum of one account per referred client. Stock bonus will be credited to the enrolled account within approximately one week after the bonus is claimed. Stock bonuses that are not claimed within 60 days may expire. Shares from stock bonuses cannot be sold until 2 trading days after the bonus is granted. The cash value of the stock bonus may not be withdrawn for 30 days after the bonus is claimed.

Robinhood reserves the right to change the offer terms or terminate the offer at any time without notice. The offer is limited to one per account, with no more than one account enrolled per customer. The stock bonus, when combined with the value received from all other offers in the last 12 months, may not exceed $500 per household. The offer is not transferable, saleable, or valid in conjunction with certain other offers and is available to U.S. residents only. Employees, contractors, or persons similarly associated with Robinhood or a Robinhood affiliate; members of their household; and employees of any securities regulatory organization or exchange are not eligible. Robinhood may decline requests to enroll in the offer at its discretion. Other restrictions may apply.

The stock bonus is one share selected randomly, when the bonus criteria are met, from Robinhood’s inventory of settled shares held for this program. When shares are purchased into this inventory, Robinhood purchases shares from the three to four companies representing the highest market capitalization in various ranges of share prices between approximately $3 and $175, limited to those companies that are widely held among Robinhood accounts. There is an approximately 98% chance of the stock bonus having a value of $2.50-$10, an approximately 1% chance of the stock bonus having a value of $10-$50, and an approximately 1% chance of the stock bonus having a value of $50-$200, based on the price of shares at the time of purchase. The Robinhood platform displays approximate odds of receiving shares from particular companies at the time the screen is generated. These odds do not necessarily reflect the odds of receiving stock in those companies at the time the stock bonus is awarded.

Neither receipt of a share of stock through this program nor identification of a particular security in communications related to this program constitutes a solicitation of the security or a recommendation to buy, sell, or hold the security. Robinhood does not provide investment advice and does not hereby recommend any security or transaction.

Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt of a stock bonus before enrolling. For taxable accounts, the value of all Robinhood offers received may be reported as Other Income on a Form 1099-MISC where required by applicable rules and regulations. Robinhood does not take responsibility for any tax related to this Stock bonus."

So if you interested in receiving a gifted free stock from Robinhood trading here's my invite.

Join Robinhood and we'll both get a share of stock like Apple, Ford, or Sprint for free. Make sure you use my link. http://share.robinhood.com/irwing3

I have no ties to Robinhood Markets, I simply ran into the promotion they're hosting and decided to share it. I posted the details listed on the App so please read if your interested.

Also here's an independent review I found on YouTube for anyone wanting a professional opinion. It's shared by Clay trader.
Watch "Broker Review: Robinhood Trading App" on YouTube
Broker Review: Robinhood Trading App:

Good luck to anyone interested. I hope you get some sweet stocks. Once your signed up you can get your own link that'll help you earn more stocks.
In order to get the gift stock you do have to go through the promo link it doesn't necessarily have to be mine. If you know someone already using the app then feel free to sign up through them. If not feel free to sign up through my link.

Join Robinhood and we'll both get a share of stock like Apple, Ford, or Sprint for free. Make sure you use my link.
http://share.robinhood.com/irwing3

All info on Robinhood Trading was obtained through Wikipedia.

I wish you success in your endeavors.
God bless :)

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Interesting.

Good info on Robinhood trading bot...thanks for sharing. Upped.

This post was resteemed by @resteembot!
Good Luck!

Learn more about the @resteembot project in the introduction post.

I tried this and was actually pretty good, easy to buy and transfer money and a great daily statistic.
its not for the low budget because you have to buy whole stocks, that is my only complaint about it, as i wanted to buy into cola but didnt have what 1 stock costed.

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