Robinhood has been covered on Travel with Grant previously by Tonei and I’m as big of a fan of the platform as he is. The main reason why I love it? No fees. Robinhood doesn’t charge a fee to buy shares, and they don’t charge a fee to sell. This is amazing for people who are just getting into investing and aren’t necessarily playing around with large sums of money, because who wants to pay a $5+ trade fee when you only want to buy a couple of share of stock (or maybe even a single share depending on what we’re talking about).

Robinhood has recently announced that they will soon be implementing free options trading into their platform as well. Options trading is much more advanced than regular stock trading, and isn’t likely to be a suitable investment strategy for new traders. It is awesome to see Robinhood making the platform more attractive to all types of traders though!

Right now, you can get a free share of stock when you sign up for Robinhood (I will also get a free share). This offer has been around for a while, but there’s no saying how much longer it will last. Most likely you’ll get a relatively low-value stock like SIRI (Sirius XM), S (Sprint), or OPK (OPKO Health) — all worth under $10. However, it’s possible to get a free share of Apple stock, worth over $170!

When you sign up, you will only need to provide your name, address, birthday, and social security number. Funding your account is not required in order to get your free share of stock.

Let me know in the comments about your experiences with Robinhood and what free stock you got!