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How to get the deal:
Head to the website and click the "get your stock" or "sign up" button.
Create an account with your name, email address, and password.
Link your bank account or debit card.
Once your account is set up, you'll receive a reward between $5 - $200 and get to pick your stock.
What is Robinhood?
Robinhood is a commission-free trading platform that allows users to buy and sell stocks, options, ETFs, and cryptocurrencies through its mobile app and website. Its user-friendly interface and no-fee model have made investing more accessible, particularly to younger and less experienced investors.
The fine print:
Bottom line cost: There's no cost to sign up for Robinhood.
What else do I need to know about this offer? This reward must be used exclusively for purchasing whole or fractional shares of select stocks, chosen based on market cap from the S&P 500 sectors. The cash value ranges from $5 to $200, but most participants receive between $5 and $10, and fractional shares are priced at the last trade price with a possible small lag time. You'll need to claim your reward within 60 days, with a maximum household limit of $1,500 per year. Stock rewards are subject to a 3-day holding period before selling and a 30-day period before withdrawing cash value. Robinhood may decline or rescind rewards for various reasons, including fraudulent activity or violation of terms.
Do I need to cancel? While you don't need to cancel anything because you won't be charged, if you decide you want to close your Robinhood account for any reason, follow these steps.
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