Open Account, Get Free Stock
The most exciting of the referral promotions is the free stock promotion. When you refer a friend, they get a chance of getting a share of stock valued between $3 and $150 – the average is $10. The stock is awarded when they fund their account.
When you refer a friend, you also get a share of stock too – valued between $3 and $150. You won’t necessarily get the same stock but you could.
The stock is not automatically deposited into your account. You will get a notification (or look in your history/past invites screen) and you have 60 days to claim the reward.
You can sell the stock after 2 trading days but you have to keep the cash value of the stock in your account for 30 days. That value will be reported on a 1099-MISC.
With Robinhood launching crypto trading… now would be a good time to sign up and get started?