Open account, pick your stock | Robinhood

Open account, pick your stock

How do I open an account?

Sign up here to get started and get your first stock for free. Certain limitations apply.

How does it work?

Once you are approved and link your bank account or debit card, you’ll earn a specified dollar amount and be able to pick your gift stock from a list of 20 of America’s leading companies.

You can use the cash value toward fractional shares of the companies offered. Fractional shares are pieces, or fractions, of whole shares of a company. The list of companies you can choose from are selected by market cap for their respective sectors.

Note

Make sure to link your bank account or debit card in order to earn your gift stock. For more information about linking your bank account, click here.

How we choose your reward value

The cash value you receive could be anywhere between $5 and $200. Keep in mind that approximately 98% of the participants will receive a reward having a value from $5 to $10. You can use this reward to claim a fractional share of a stock!

When can you sell your gift stock?

You’re allowed to sell your gift stock three trading days after you claim it. Once you’ve sold it, you are free to use the proceeds from the sale towards other stocks that you want to invest in.

If you want to withdraw the proceeds, however, you must keep the cash value of that stock in your account for at least 30 days after claiming it. After that 30-day window, there are no restrictions on withdrawing the proceeds. For example, if you receive $10 worth of stock and proceed to sell the share you pick, you won’t be able to withdraw that $10 until 30 days have passed.

Fractional Stock Referral Offer Terms and Conditions

Robinhood Financial LLC (“Robinhood”) fractional stock reward offer is subject to the following terms and conditions.

Eligibility. The Fractional Stock Reward Offer is only valid for two groups: (1) new customers of Robinhood who have never previously had a Robinhood individual investing account, apply for and are approved for a Robinhood individual investing account, link their bank or debit card to their Robinhood individual investing account, and are Robinhood customers in good standing (“Eligible New Customer”), and (2) existing qualifying brokerage clients of Robinhood who successfully refer an Eligible New Customers. Referrers who are already customers in good standing of Robinhood will become eligible when they share their Robinhood-provided referral code with a personal friend who is an Eligible New Customer. You may choose to share your referral code with your contacts by accessing the Robinhood app, and you can send a text message to your contacts that contains this referral code and a brief message that your contact can join Robinhood and get a reward stock. Anyone who does not meet the conditions in this paragraph is not eligible for this Offer. Robinhood may decline requests to enroll in the offer without notice and at its sole discretion.

Offer. For eligible customers, Robinhood will provide a certain dollar amount of rewards, and the eligible customer must use that dollar amount entirely on purchases of whole or fractional shares of stocks that Robinhood makes available through this program. The 20 stocks that are available to choose from are selected by choosing the two largest S&P 500 companies within the top 10 sectors, both based on market cap, per 09/16/2022 data shown by TradingView, an unaffiliated entity. Occasionally, Robinhood’s inventory of settled shares may not include any given stock among this group for various reasons, including if Robinhood is out of inventory for any given stock or fractional stock. Neither receipt of a share or a fractional share of stock through this program nor identification of a particular security in communications related to this program constitutes a solicitation of the security, investment advice or recommendation of any security, transaction, account type, investment strategy involving securities, or order. The cash value that an eligible customer receives that must be spent on stocks available in this program is between $5 and $200. Approximately 98% of participants will receive a cash value of $5-$10; approximately 1% of participants will receive a cash value of $10-$20; and approximately 1% of participants will receive a cash value of $20-$200. All eligible customers who fulfill the conditions of this program will receive a cash value that they can only use to purchase whole or fractional shares pursuant to this program.

For the pricing of fractional shares, Robinhood will endeavor to price fractional shares at the last trade price. While Robinhood endeavors to price fractional shares as of the time that the reward is claimed, there may be a small lag time, such as a minute, between when the reward is claimed and the fractional shares are priced.

Limitations. Rewards will be credited only if the referred Robinhood individual investing account is approved and the reward is claimed within 60 days through the Robinhood platform. Rewards that are not claimed within 60 days will expire. The reward, when combined with the value received from all other offers in the current calendar year, may not exceed $1,500 per household per year. In the event that Robinhood determines in its sole discretion that there may have been fraudulent activity or a violation of these Terms in connection with the stock referral or the referred customer’s Robinhood individual investing account, Robinhood reserves the right to either decline to grant the whole or fractional share stock reward, or to rescind or liquidate the stock or any related dollar proceeds if the customer sells their stock reward. Limit one offer per qualified referral with a maximum of one individual investing account per referred client. Stock reward will be credited to the enrolled individual investing account within approximately one week after the reward is claimed, though this timeline may be delayed in Robinhood’s sole discretion if, for example, Robinhood determines that there is indicia of fraud or a violation of these Terms. Shares or fractional shares from stock rewards cannot be sold until 3 trading days after the reward is granted. The cash value of the stock reward may not be withdrawn for 30 days after the reward is claimed. Robinhood cannot provide information about someone else’s account or application status. Robinhood reserves the right to decline to grant or rescind a stock reward if Robinhood determines in its sole discretion that there are images or speech in connection with the referrer's referral link that are inaccurate, misleading, offensive, or violates community standards; or infringes on Robinhood's intellectual property rights, constitutes a domain name, creates the potential for confusion as to whether the page or content in question is Robinhood’s, or is otherwise improper. Robinhood reserves the right to change the offer terms or terminate the offer at any time without notice. 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; employees of any securities regulatory organization or exchange, employees of market makers, and registered representatives or any broker-dealer are not eligible. The offer is only available for personal use, and may not be used for commercial purposes.

Fractional shares are illiquid outside of Robinhood and not transferable. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section of Robinhood Customer Agreement. Other restrictions may apply.

Taxes. Taxes related to this offer are the customer’s sole responsibility. Consult with a tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt of a stock reward 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.

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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.