Are you looking to run the Robinhood affiliate program?
Robinhood is a great platform for both newcomers and seasoned traders.
Join the afﬁliate program to monetize your content and connect with the broader Robinhood community.
- About The Company: Overview
- Robinhood Affiliate Program
- Robinhood Affiliate Program: How To Get a Free Stock Referral Of Up To $225
- How The Robinhood Referral Program Works
- Tax Implications Of The Robinhood Referral Program
- How They Choose Your Reward Stock
- Robinhood Affiliate Program: How To Claim Your Reward Stock
- Robinhood Stock Reward Rules And Limitations
- Program Commission Rate And Cookie Duration
- Robinhood Affiliate Program: Program Benefits & Drawbacks
- Program Benefits
- Program Drawbacks
- Making Money Through The Robinhood Referral Program
About The Company: Overview
Robinhood Markets, Inc. is an American financial services company known for commission-free trades of stocks, exchange-traded funds, and cryptocurrencies. Robinhood has a mobile app for Android and iOS.
The platform lets users trade stocks, ETFs, options, and cryptocurrencies commission-free. It is currently only available to American citizens. The platform, however, plans to expand to other countries like the United Kingdom.
Robinhood is a FINRA-regulated broker-dealer, registered with the U.S. Securities and Exchange Commission. It is also a member of the Securities Investor Protection Corporation.
The company’s revenue is generated from three main sources namely interest earned on customers’ cash balances, selling order information to high-frequency traders, and margin lending.
Types of Robinhood Accounts
Robinhood offers different levels of accounts depending on a user’s experience, and the kinds of transactions they want to make.
These accounts include:
- Robinhood Instant accounts
First-time users begin with Robinhood Instant accounts. Robinhood Instant accounts can use instant deposits, extended-hours training, and you will have instantaneous processing of funds.
- Robinhood Gold
If you are an active trader on Robinhood, you may consider upgrading to Robinhood Gold. Gold is the highest level of Robinhood account and offers several advantages.
You can try out Robinhood Gold for free. So, you can test it before you trade to know if it is the right choice for you. After you sign up for Robinhood, make sure to opt-in to a 30 day free trial of Robinhood Gold.
If you cancel, you won’t get a charge. However, if you want to keep it, it’ll only cost you $5 a month.
- Robinhood cash
Robinhood Gold is just like Instant but allows for people to have more choices for their purchases. They can make larger instant deposits into their accounts. Robinhood cash allows for commission-free trades during standard and extended-hours trading.
But you won’t have access to instant deposits or settlements with this account type.
Robinhood Affiliate Program
How To Get Started With Robinhood
The Robinhood affiliate program is hosted on Impact Radius. Here is how you create your own account, earn some free stock, and refer people to Robinhood:
- Visit Robinhood page to sign up for an account.
- Input your info and link your bank account to qualify for your free stock.
- Get your free stock.
To get your free stock, click the account/person icon in the bottom right corner, then tap “Get Free Stock“.
- Share your link.
If you already have an Impact Radius account, then send them an email at firstname.lastname@example.org and they will send you an offer through the platform.
To share your Robinhood referral code, click “Invite Contacts“, then click “Invite” next to the friends you want to refer to Robinhood. Start referring your friends to Robinhood and earning free stock for everyone who signs up and connects their bank account.
Simply share your Robinhood invite, and you will quickly diversify your stock portfolio.
Robinhood Affiliate Program: How To Get a Free Stock Referral Of Up To 5
Sign up for Robinhood with a referral code and get a free stock worth up to $225. You can get your free stock just by creating a Robinhood account, supplying your info, and connecting your bank account.
Then, after you sign up, share your code to earn up to an additional $500 in free stock a year. Refer a friend, you will also get a share of stock of up to $500 in free stocks per year.
The stock is not automatically deposited into your account. You will get a notification and you have 2 months 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 would be reported on a 1099-MISC.
According to Robinhood, here are the chances of getting the stocks:
- 100% chance of getting a free share of stock
- 98% chance the stock has a value of $2.50-$10
- 1% chance the stock has a value of $10-$50;
- 1% chance the stock has a value of $50-$225.
When they open an account and transfer, you’ll see a notification on your phone. Click through to the person and claim your prize.
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How The Robinhood Referral Program Works
Click the Account icon in the bottom right corner of the app and it will redirect you to a screen and on the screen, click “Invite Friends.”
In other words, to apply for an account via the referral connection provided by the app (starting with https:/share.robinhood.com/), you need to have a friend invited.
Once you share your Robinhood referral code, both you and your friend earn a free stock to add to your portfolio when they sign up and connect their bank account. You will earn a total of $500 worth of stocks a year by sharing your code with friends, and each stock will be worth $2.50 and $225.
Your stock reward will be credited to your account within a week of receiving the bonus. But if you don’t claim it within 2 months, the bonus may expire.
Tax Implications Of The Robinhood Referral Program
The value of cash of free shares you receive will be reported on a 1099-Misc form as “Other Income“. All capital gains realized when the free shares are sold will be considered capital gains and taxed at the end of the year.
Take, for instance, if you got the free share worth $50 and sold it for $70 after a year, your taxes at the end of the year represent $50’s “Other Revenue” and $20’s capital gain.
How They Choose Your Reward Stock
Each stock is selected randomly from its inventory of settled shares. The value of the share you receive would be anywhere between $2.50 and $250 and fluctuates based on market variables.
Robinhood Affiliate Program: How To Claim Your Reward Stock
When your reward stock is ready, you’ll get a notification prompting you to claim your reward. But if you forget to tap on the notification, you can claim your reward stock by navigating to Messages to check if you have new claimable stocks under Robinhood Rewards.
Make sure that your friend signed up and linked their bank account using your link. You can confirm whether your friend used your link by going to the Past Invites section of the referrals page in the app.
If you don’t claim the reward stock within 2 months, it will expire.
Robinhood Stock Reward Rules And Limitations
You can receive up to $500 in stocks per year through this program, and the price of each stock you receive will be listed in your “Statements & History”.
If the total value of stocks you receive through the program is approaching $500, you’ll stop receiving reward stocks once your lowest-priced stock in your inventory brings you more than the $500 limit.
For example, if you have $498 in stocks and your lowest-priced stock in our inventory is $2.65, you won’t be able to receive more reward stocks.
However, your friends will still receive a stock if they sign up with your invite link and satisfy the conditions of the promotion.
Although Robinhood’s referral program allows you to grow your portfolio just for sharing information about Robinhood, there are some rules and limitations to consider.
Program Commission Rate And Cookie Duration
Robinhood tracking cookies last 30 days, meaning that if a visitor clicks on your affiliate link, then you will be credited with the referral if they sign up within 30 days.
You will earn up to $20 commission.
- Sign Up: $5 per user
- Funded Account: $20 per user
Once you reach $50 and the locking and invoice periods have passed, you will get your payment.
Robinhood Affiliate Program: Program Benefits & Drawbacks
When you invite a friend to join Robinhood, you will be rewarded with a free stock until the submission of your lead is accepted. You are eligible to earn up to $500 in rewards in a year.
Advantages of the program:
- The threshold for payouts is low.
- There is a full time dedicated communications manager for the affiliate.
- It provides excellent and effective solutions for the monitoring.
- The activity reports and user interface are also user friendly and very easy to maneuver.
Just like any other affiliate program, Robinhood’s affiliate program has its own drawbacks.
The notable drawbacks of the affiliate program are:
- No matter how hard you are going to work, you are only eligible to earn up to $500 in rewards in a year.
- You are only eligible to get $5 per sign up.
Making Money Through The Robinhood Referral Program
Can you make $1,000 a month as a Robinhood affiliate? It’s possible if you work out modalities to realize that goal.
For example, you need to work out modalities to – drive more traffic to your website, your blog must be in the finance niche, you need to have a YouTube channel and a decent following on social media.
Robinhood, which was founded in 2013 by Vladimir Tenev and Baiju Bhatt, is a commission-free investing platform that allows individuals to buy, sell, and trade stocks, and cryptocurrency.
Their low-cost options and zero-fee crypto trading still make them competitive in the industry.
When you earn, you have to keep the stock you received from the referral program for at least 30 days before you can withdraw it.
After that 30-day window period, there are no restrictions on withdrawing the proceeds.
Other limitations are:
- Robinhood randomly chooses a stock for you worth between $2.50 to $225
- You must claim your reward stock within 2 months
- You can only earn up to $500 per year in reward stocks
- You can only have one account for stock rewards or earn one from your own
- Your invites have to signup and link their bank account before you receive the reward stock.
- Unless you register to participate in the stock reward program, you will not be credited with any referrals you make to Robinhood for your friends and family.
Join the affiliate program today.