Robinhood Referral Code (May 2022): 1 Free Stock Signup Bonus ($3-$225 Each)

February 21, 2022
Blog

Robinhood is a major global player as far as brokerages go, and it’s recently been having a major impact on the crypto market. It supports equities, fractional shares, recurring investments, and 7 of the biggest cryptocurrencies – making it an ideal fit for equity investors that want to invest in crypto as well.

Robinhood has a referral program in place for its new clients: by using our referral link you will receive a free stock after signing up and linking your bank account. You will also receive your own referral code, which you can use to invite friends and earn an additional free stock every time one of them signs up and links their bank account.

How To Use Your Robinhood Referral Code

Robinhood has a referral program for new traders. When you sign up with Robinhood using our referral link (or our referral code YOREOYSTER) and link it to your bank account you will receive a free stock. This stock could be anywhere from $3 to $225; The value of the stock fluctuates with the market. 

You will also receive your own referral code, which you can use to invite friends and earn a free stock when they link their bank account to their Robinhood account. Keep in mind you can earn a maximum of $500 worth of stocks per year.

To use the promo code:

  • Visit Robinhood‘s page. Click on the Sign Up button. 
  • Fill in some of your basic information.
  • Download the Robinhood app.
  • Finish the sign up process.
  • Claim your free stock. (important: you can only claim your free stock if you use our referral link).

(We’ve included the complete sign-up process on the How To Sign Up With Robinhood section).

What Is Robinhood?

Robinhood is a major global player as far as brokerages go, and it’s recently been having a major impact on the crypto market. It supports 7 cryptocurrencies, making it an ideal fit for equity investors that want to invest in cryptocurrency as well.

Robinhood supports stocks, bonds, ETFs, options, and crypto. If you’re looking for mutual funds, forex or future investments, Robinhood is not for you.

What Coins Does Robinhood Offer? 

Currently Robinhood supports 7 cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, EthereumClassic, and Litecoin.

Robinhood Features

Some of Robinhood’s best features include:

  • Low trading costs.
  • Supports fractional shares and cryptocurrencies.
  • Good cash management and recurring investments features

Robinhood Fees

  • No minimum account balance.
  • No monthly fees and no inactivity fee.
  • Commission free equity trades.

How To Sign Up With Robinhood

#1 Visit Robinhood‘s page. Click on the Sign-Up button. 

#2 Fill in some of your basic information and create a password.

#3 To continue the process click the Get The App button and download the official app from the app store.

#4 Finish the sign-up process.

#5 If you used our referral link you can claim your free stock by clicking the Claim your free stock now button.

#6 If you are interested in crypto you can also sign up for the Robinhood Crypto waitlist.

Robinhood’s Referral Program

After creating your Robinhood account and linking your bank account, you will receive your free stock; you will also receive your referral code, you can find it by opening the app and tapping on your profile. Tab the Get Free Stock button then tap Invite Contacts. Tap the friends you’d like to refer. After you receive your referral link, you can:

  • Share your code via text, email, or to your social media audience.
  • Once a referee signs up and links his bank account you will both receive a free stock.
  • There’s no limit to how many people you can invite.

Is Robinhood Safe & Legit?

Robinhood, like most brokerage firms, is regulated by the Securities and Exchange Commission (SEC). It also is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation.

Introducing Wealthsimple Trade: Canada’s #1 Online Broker

I recently broke down 8 of Canada’s most popular online brokers, and Wealthsimple Trade came out ahead of everyone else. It scored so well because it excels on what I believe are the three most important factors when choosing a broker: fees, investing tools, and security.

Here’s how Wealthsimple performs in each of those areas, and why I believe it’s the best broker in Canada.

#1 Lowest Fees In The Industry

There are no costs for purchasing or selling equities and ETFs. There’s a $0 charge when you open or shut your account, withdraw funds, receive electronic statements, or have inactive accounts. A $20 fee is charged if you want a paper account statement.

The only fee you will ever pay is a conversion fee + 1.50%, only if you trade with USD. Compared to other brokerages, it’s quite cheap, considering most are charging more than 2%.

#2 Research And Investing Tools

Wealthsimple offers a premium service that gives access to real-time market data, and you can deposit up to $1,000 instantly. There’s also a Wealthsimple Trade Premium service that costs $3 per month.

They’re planning on launching an improvement called Wealthsimple Trade Plus. The service will offer unlimited price alerts, access to USD accounts, and more, all of this for a monthly payment.

#3 Bank-Level Security

Wealthsimple Trade is a member of Canada’s Investment Industry Regulatory Organization (IIROC) and the Canadian Investor Protection Fund (CIPF). That membership means that there’s a protection against insolvency to a maximum of $1,000,000.

Conclusion

Robinhood is a major global player as far as brokerages go, and it’s recently been having a major impact on the crypto market. It supports equities, fractional shares, recurring investments, and 7 of the biggest cryptocurrencies – making it an ideal fit for equity investors that want to invest in crypto as well.

Robinhood has a referral program in place for its new clients: by using our referral link you will receive a free stock after signing up and linking your bank account. You will also receive your own referral code, which you can use to invite friends and earn an additional free stock every time one of them signs up and links their bank account.

Before You Go

Here are the best sign-up bonuses available right now. If you’re planning to sign up for any of these services, we recommend you take advantage of these bonuses:

Crypto Exchange Signup Bonuses:

Crypto Hardware Wallets:

Online Bank Referral Bonuses:

Online Broker Sign up Bonuses:

Robo Advisor Sign up Bonuses:

Other Everyday Bonuses:

The Best Crypto Exchanges In Canada

Best Overall

Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

$50 bonus ends May 19.

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Lowest Fees

Supports: 17 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.1% - 0.2%

Free account, instant verification

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Best For Altcoins

Spreads: ~0.5%
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Signup bonus: $30

Low spreads, great platform.

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