What is the Robinhood sign-up bonus?
The Robinhood new user promo is what can give you a stock reward for opening your first qualifying taxable individual brokerage account. If you qualify, you receive between $5 and $200 in stock. You can also choose an available whole or fractional share based on the value of your reward.
The amount you receive can vary, with $5 being the most common. You have 60 days to claim the reward, and once the stock is granted, you must wait three trading days before selling it. The original reward value must remain in your account for at least 30 days before you can withdraw if you sell the shares.
Here is the Robinhood promo at a glance:
| Offer detail | What you get |
|---|---|
| Reward type | Stock reward |
| Reward value | $5 to $200 |
| Promo code | Not required |
| Chance of $5 | About 99% |
| Chance of $10 | About 0.9% |
| Chance of $200 | About 0.1% |
| Who qualifies | New customers, first individual taxable brokerage account |
| Requirements | Account approval and a linked bank or debit card |
| Claim period | 60 days |
| Selling the stock | After 3 trading days |
| Withdrawing the value | 30 days after claiming |
How you can claim the Robinhood bonus
Getting your Robinhood bonus does not require a complicated process. What matters is completing the account requirements and claiming your reward on time. Here is how the process works from you signing up to receiving your stock:
- Make sure you qualify for a Robinhood account. You need to be at least 18, have a valid Social Security number, and a qualifying US residential address. You must also be a U.S. citizen, permanent resident, or hold an eligible US visa.
- Open your first qualifying taxable individual brokerage account. Since the stock reward is intended for eligible new customers, opening another account does not automatically give you another sign-up reward.
- Complete the account approval and identity verification process. Robinhood can ask for additional documents like a government-issued ID or proof of address before approving your account.
- Link an eligible bank account or debit card to your account. You may need to complete an additional verification step depending on the method you use.
- Claim your stock reward within 60 days. If you miss the deadline, the reward expires. It can take around one week for the stock to appear in your account after you have claimed.
After receiving your reward, you must wait three trading days before selling the stock. The original reward value must also remain in your account for at least 30 days after claiming before you can withdraw it.
What the Robinhood bonus does not cover
The Robinhood stock reward will give your account a head start, but it is not an all-in-one free pass. Some costs and restrictions still apply once you begin to use the platform.
Costs beyond the reward
Robinhood offers commission-free trading for stocks, ETFs, and options, although some regulatory and exchange charges can still appear. Checking Robinhood fees can give you a better idea of possible costs.
There are also rules around the reward itself. You can sell your stock after three trading days, but its original cash value must stay in your account for at least 30 days first.
Event contracts are separate
The stock reward cannot be used to trade event contracts. Event contracts have their own commissions, and some partner exchanges charge an extra fee.
Other best prediction market sites also have their own pricing. Polymarket fees, for example, work differently from Robinhood’s charges. Check the latest fees for each platform before you start so you know what to expect.
Explore Robinhood’s advanced trading platform
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Forecast event outcomes at Robinhood
Robinhood prediction markets - availability and access
Robinhood prediction markets let you trade event contracts based on the outcome of real-world events. Contracts have a Yes or No outcome and are priced between $0.01 and $0.99. If your contract resolves correctly, it settles at $1; otherwise, it settles at $0.
You can find markets covering sports, politics, weather, commodities, entertainment, and other events. You can also come across the question, “Is Polymarket allowed?” when you are comparing platforms. Just have it at the back of your mind that each platform has its own access rules, location requirements, and restrictions.
Where Robinhood prediction markets are available
A Robinhood brokerage account is only the first step. To trade event contracts, you also need an approved Robinhood Derivatives account. You need to:
- Be at least 18 years old
- Be a US resident
- Have an individual Robinhood brokerage account
- Meet Robinhood’s eligibility requirements
You can apply through the Robinhood mobile app by opening Prediction Markets, choosing an event contract, and following the setup process. Your profile, experience, and location may affect approval.
Trading is available through the mobile app. You can view event contracts on the web, but you cannot currently trade them there or through Robinhood Legend.
Access can also depend on where you live. Some states have restrictions on certain event contracts, so the markets available to you in your state may differ.
You will also find offers like a Crypto.com promo code on other platforms. These offers work differently, so what you should do is compare the fees and access requirements before choosing a platform.
Predict political outcomes on Robinhood (PBT)
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Other Robinhood rewards you can claim
The sign-up stock reward is not the only promotion available on Robinhood. Other promotions work differently, so it is important for you to look at the requirements separately.
Referral Milestone Bonus
The Robinhood referral code program will reward you with bonus stock when you reach certain referral milestones. You can get up to $15,000 in stock rewards per year.
- 1 referral: $50
- 3 referrals: $150
- 10 referrals: $800
- 50 referrals: $4,000
- 200 referrals: $10,000
Altogether, you can get up to $15,000 in bonus stock per year.
For a referral to count, your friend must open an eligible investing account and make a successful deposit above $0. You then have 60 days to claim your reward. The shares can be sold after three trading days. However, the reward’s cash value must remain in your account for at least 60 days before you think of making a withdrawal.
Account transfer match
Moving your investments to Robinhood can come with another type of reward. Eligible ACATS transfers get to receive a personalized 1%, 2%, or 3% match on transferred assets.
The match is uncapped, but there is a five-year holding requirement. If you move qualifying assets out early, Robinhood has the right to take back part of the match.
Transfer fee reimbursement
Robinhood can also cover some of your transfer fees. If you transfer at least $7,500 from another brokerage, you can qualify for reimbursement of its transfer fee of up to $75. This benefit is separate from the account transfer match.
Top tips for new Robinhood users
Starting with Robinhood is easier when you know what to watch for. A few small details can make a difference, especially when it comes to rewards and event contracts. Keep these five tips in mind:
Final thoughts - should you claim the Robinhood bonus?
The Robinhood bonus is what adds a little extra to the start of your investing journey. You can receive $5 to $200 in stock without needing a promo code as an eligible new user, although the $5 reward is the most common.
The offer is straightforward, but it still comes with a few rules. Take a moment to check the eligibility requirements, claim window, and withdrawal conditions. If prediction markets are what interest you, remember that they work separately from the stock reward and have their own access requirements and fees.
To see the full offer and check the latest terms yourself, click on any Robinhood banner on this page to visit the platform.
Robinhood bonus FAQs
Mike Murphy is the founder of BettingUSA.com and has over 20 years of experience in the legal gambling industry. A regular attendee of industry trade shows and conferences, Mike is a strong proponent in the idea of a well regulated online betting industry.