Robinhood has grown rapidly thanks to its prediction markets, which let you trade event contracts tied to real-world outcomes from sports to politics. New users can claim a Robinhood sign-up bonus worth up to $200 in reward stock.
No promo code is required to receive this offer; it activates automatically when you create an account through our page banners. You won’t have to make an initial deposit, but you must connect a bank account to verify your profile. This guide explains every step of the process and clarifies what to expect as you claim the welcome reward.
If you’re thinking about opening a Robinhood account, here’s a quick look at the most important details about the sign-up bonus:
| Bonus amount | $5, $10, or $200 in reward stock |
| Deposit required? | No initial deposit required |
| Action required | Sign up through our links, and add a bank account or debit card |
| Selling the stock | Must hold for 3 trading days before selling |
| Withdrawal restrictions | Must wait 30 days before withdrawing |
| Stock proceeds | Can be used for event contracts |
| Expiration | Must claim reward within 60 days or it expires |
If you’re opening your first Robinhood account, you can qualify for a welcome reward when you sign up through our links and get approved. This offer provides a free stock worth up to $200 that you must use to claim a whole or fractional share of stock.
To receive the reward, you must open your first taxable, self-directed individual brokerage account and link your bank account or debit card. Once those steps are completed, Robinhood assigns you a free stock amount at random. The value will be $5, $10, or $200, with most users receiving $5.
Instead of receiving a specific stock, you’ll use the credited amount toward a stock you select from Robinhood’s preset list of 26 major US companies. This lets you start trading without needing to deposit your own money.
Since there’s no promo code required and you don’t need to make an initial deposit, claiming the Robinhood sign-up bonus is very straightforward. Just follow these steps:
Use the links on this page to visit Robinhood and create a brokerage account.
Once your account is active, connect either a bank account or a debit card that’s registered in your name.
After you’ve linked your bank or debit card, Robinhood will reveal your bonus amount (either $5, $10, or $200). You must claim this reward within 60 days, or it will expire.
When you claim the bonus, it becomes a cash credit that can only be spent on stocks from a fixed list of 26 US companies. You’ll pick one, and Robinhood will use your reward to buy a full or fractional share.
After you make your selection, your order will be placed at market price, and the share will be assigned to your account. Robinhood states that it may take up to a week to appear, although it often shows up much sooner.
Once the free stock has been credited to your account, you can choose to either keep it as an investment or sell it. If you choose to sell the stock, you can use the proceeds to trade Robinhood event contracts from within the prediction markets hub.
Just make sure you keep these rules in mind:
If you’re exploring sports markets, remember that Robinhood doesn’t offer sports betting. Instead, it lets you trade contracts based on sports outcomes, which we explain in our guide to Robinhood sports predictions.
Robinhood’s event contracts are a type of financial derivative that let you speculate on the outcome of real-world events. These events span multiple categories, including sports, politics, culture, finance, technology, and science.
Every contract boils down to a simple Yes or No question. For example, a pro football contract might ask whether the Dallas Cowboys will beat the Philadelphia Eagles.
Contract prices always trade between $0.01 and $0.99, and these prices reflect what the market believes will happen. When more traders believe an outcome is likely, the price for that side moves closer to $0.99. When confidence drops, the price falls toward $0.01.
You can sell your contracts at any time to secure profits or reduce losses, or you can hold until the event concludes. Winning contracts settle at $1.00, and losing contracts settle at $0.00.
If you decide to sell your free stock and use the proceeds to trade Robinhood event contracts, here’s what you’ll need to do:
Apply for a Robinhood Derivatives account. This is required to trade any prediction market contracts on the app.
Open the Prediction Markets hub. Once your derivatives account is approved, you’ll find the Prediction Markets hub under the Investing tab.
Browse event categories. Swipe through the available tabs to explore sports, politics, and other event types.
Select an event to trade. Tap the event to view its Yes/No outcomes.
Choose your outcome and quantity. Pick Yes or No, then enter how many contracts you want to buy. Prices range from $0.01 to $0.99 per contract.
Review and place your order. Double-check everything for accuracy, then submit. You’ll get a confirmation once the order is complete.
After you’ve purchased contracts, you can either sell early or hold until the event concludes. Winning contracts pay $1 each, while losing contracts settle at $0.
If you’re interested in political events, remember that Robinhood does not offer election betting. Instead, it lets you trade contracts on election-related outcomes, as explained in our guide to Robinhood election predictions.
Claiming the Robinhood sign-up bonus is a simple way to start trading without risking your own money. When you open your first account using the banners on this page and link a bank or debit card, Robinhood gives you a free stock worth $5, $10, or $200.
After you receive your stock, you can decide what to do next. Keep it as an investment, sell it and withdraw the cash after the waiting period, or use the proceeds to trade Robinhood’s event contracts on sports, politics, and other real-world outcomes.
Just keep in mind that you must hold the stock for at least three trading days before you can sell it, and you’ll need to wait 30 days before withdrawing any proceeds.
No promo code is required. Just sign up through the our page links, link a bank account or debit card in your name, and Robinhood will assign a reward amount – either $5, $10, or $200.
Robinhood gives new users a randomly selected reward worth $5, $10, or $200. The bonus is awarded as account credit, which you must use to purchase a stock from a list of 26 eligible companies. Depending on the stock price, you’ll receive either a full share or a fractional share.
Not directly. You must first receive the stock, wait for the three-day holding period to pass, and sell it. Once sold, the proceeds can be used to trade event contracts through Robinhood’s Prediction Markets hub.
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