Share the benefits of Firstrade with your friends and family! Invite your friends to Firstrade and grow your portfolio. Every time you refer a friend to Firstrade, we’ll award you and your friend a free stock! Once your friend’s account is approved, a free stock will be ready to claim in both of your accounts.


How to Refer a Friend

1

Refer Friends
Login to your account and go to Customer Service > Free Stocks to get your referral link. Share this link to friends you wish to invite to open a Firstrade account.

2

Get Free Stocks
When your friend opens a Firstrade account, you’ll both receive a free stock once their application is approved.

3

Check Referrals Status
Track the status of your invites and count your successful referrals!


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How We Select Your Free Stocks

The free stock is one share selected randomly and determined by an algorithm. The value of the share may be anywhere between $3 and $200, and fluctuates based on market movements. We choose from the most popular companies on Firstrade, based on the trading volume in the last quarter.

What
are my
chances?
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Chances of getting a free stock

You have a 100% guaranteed chance to get a free stock for each friend that successfully opens an account at Firstrade.

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Apple, Facebook, Bank of America, Advanced Micro Devices

You have a 1 in 100 chance of getting a free stock from one of these companies everytime a friend opens an account at Firstrade.

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How Many Free Stocks You Can Collect

Every eligible account can have up to $500 in free stocks. If your total value of free stocks is approaching $500, you'll stop receiving free stocks once the lowest priced stock in our free stock selection pool would bring you over the $500 limit. For example, if you have $495.00 in free stocks and the lowest-priced stock in our free stock selection pool is $6, you won't be able to receive more free stocks. However, your friends will still receive a free stock if they sign up with your invite link.

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Taxes

The cash value of the free stock at the time you received it may be reported as “Other Income” on a 1099-Misc form. Any gains or losses on the sale of the stock are reported as capital gains or losses. You can check the cost basis of each stock on your Positions page.

Example

You win a $10 stock and later sell it for $15:

  • The $10 stock gift will be reported as “Other Income.”
  • The $5 gain will be reported as Capital Gains.
Terms and conditions

Firstrade - Get Free Stocks offer is valid for existing qualified U.S. domestic accounts only (individual, joint and custodial accounts) who successfully refer a new qualified account. Both the referrer and the person referred (known as "referee") will be eligible for one share of stock. However, if the existing qualified account invites a non-qualified account (IRA & other U.S domestic account types), the referrer will still be entitled to claim the free stock, but the referee would not be qualified.

The referee must open the new account through the referral link. The free stock offer will be invalid if the referee does not complete the account opening process within 30 days. Eligible accounts must claim the free stock within 60 days once the claim button is available. The free stock will be deposited to the account within approximately a week after the stock is claimed. The cash value of the free stock may not be withdrawn for 30 days after it is claimed.

The free stock is one share selected randomly and determined by an algorithm. There is an approximately 98% chance of the free stock having a value of $3-$10, an approximately 1% chance of the free stock having a value of $10-$50, and an approximately 1% chance of the free stock having a value of $50-$200, based on the price of shares at the time of purchase. Free stocks are chosen from the most popular companies on Firstrade, based on the trading volume in the last quarter. When shares are purchased for this program, Firstrade only chooses shares of stocks that have a minimum market capitalization of $2.5 billion and which trade either on the NYSE-listed or NASDAQ-listed markets.

Neither receipt of a share of stock through this program nor identification of a particular security in communications related to this program constitutes a solicitation of the security or a recommendation to buy, sell, or hold the security. Firstrade does not provide investment advice and does not hereby recommend any security or transaction.

Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt of a free stock. Firstrade does not take responsibility for any tax related to the Firstrade - Get Free Stocks offer.

Firstrade reserves the right to change the offer terms or terminate the offer at any time without notice. The free stock, when combined with the value received from all other offers in the same calendar year, may not exceed $500 per person. The offer is not transferable or valid in conjunction with certain other offers and is available to U.S. residents only. Employees, contractors, or persons similarly associated with Firstrade; members of their household; and employees of any securities regulatory organization or exchange are not eligible. Firstrade may decline requests to enroll in the offer at its discretion. Other restrictions may apply.

This is not an offer or solicitation in any jurisdiction where Firstrade is not authorized to conduct securities transactions.