Robinhood Referral Program 2026: How to Earn Rewards for Each Invite

If you share your Robinhood referral code or link with your friends, you can both get a bonus stock. The reward value each time is between $5 and $200, and you can claim up to $1,500 per year.

However, the dollar value of your bonus can only be used to pick a stock on the trading site. You cannot use it directly for the prediction markets, including sports, climate, politics, and others. However, after three trading days, you can sell your stock and use the money as you please on other Robinhood trading activities, including prediction markets.

Introduction to the Robinhood Referral Bonus - Stock Reward Between $5 and $200

The “Invite Friends, Pick Stock” bonus on the Robinhood app allows you and your friends to pick a stock that’s worth between $5 and $200. If your friend registers using your unique referral link or code, you will each be given a random dollar value between $5 and $200 that you can use to pick any stock.

You can invite as many friends as you like, though your yearly rewards are capped at $1,500. However, this is a pretty high ceiling that the average trader won’t reach.

As we highlighted, this referral bonus doesn’t directly relate to the prediction markets trading activities on the Robinhood site. In fact, there aren’t any promotions that do, but we will explain how, in a roundabout way, you can use the proceeds from selling your bonus stock to trade on sports prediction markets.

Robinhood Referral Reward T&Cs

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How to Share Your Referral Link with Friends:

This is how you can find and share your referral link with your friends on this prediction markets and trading app:

1. Open the app or load the Robinhood website

2. Log in to your account

3. Navigate to the “Get Stock” (app) or “Rewards” (website) button

4. Select the “Invite Friends” option

5. Click the “Share Link” button to copy the link

6. Share the link with your friends

7. Have your friends sign up using your link

8. Once they fully register and link their payment method, you each get your reward

How to Sign Up to Robinhood with a Referral Code or Link

Now, let us show you how your friend can sign up so that you both get a reward. Note here that you don’t need a Robinhood promo code to activate the reward; the referral link is fine.

1. Visit - Open the referral link or click one of the promo banners on this page

2. Start - Hit the “Sign Up” button to begin

3. Personal - Enter your first and last names

4. Contact - Enter your email address

5. Password - Create a secure password with a minimum of 10 characters

6. Login - Sign in to your new account to complete the application

7. Profile - Provide your SSN, date of birth, and US citizenship status

8. Questions - You’ll now need to answer a few questions about your investment experience

9. Employer - Enter the details of your employer and employment

10. Submit - Submit the form and wait for approval (you may be asked to provide further verification documentation)

11.  Payment - Link a bank account or debit card (you can do this while waiting for approval)

12. Reward - Get your reward worth between $5 and $200, and pick a stock (the friend who referred you will get the same)

Who Can Claim the Referral Rewards at Robinhood?

To be legally eligible for a Robinhood account, you must be over 18 and a legal resident in the United States (no states are excluded for opening an account itself). Keep in mind that this is separate from event contract access. Maryland residents currently can't trade event contracts at all, and Nevada residents can't open new sports event contracts, so if you're planning to use your reward for prediction markets, it's worth confirming availability in your state first.

How Is the Reward Size Calculated at Robinhood?

Whether you are the referrer or the person being referred to Robinhood, odds are that you’ll get a $5 reward to pick a stock with. The exact criteria are unclear, but it is clearly stated that 99% of eligible persons will get a $5 reward.

What Can You Use the Reward For?

You can use it to pick any stock, or a fraction of a stock, on the Robinhood exchange. For example, if you have a $5 reward, you can use it to pick a full stock worth $5, or a $5 fractional portion of a more expensive stock.

Can You Sell the Reward Stock?

Yes, after three trading days have passed, you can sell your rewards stock. However, you cannot withdraw the money from selling your stock until 30 days have passed, and the proceeds are taxable. Moreover, the withdrawal fees at Robinhood may still apply for some payment methods.

On the other hand, you can use the money from selling your stock for other trading activities on Robinhood straight away. This includes buying and selling contracts for prediction markets, including sports, politics, climate, and more.

How Long Does the Reward Last?

Once you have the reward value allocated to your account, you must pick your stock within 60 days, or you’ll forfeit the reward. As said above, you can sell your reward stock after three trading days, and you must wait a further 30 days before you can withdraw the proceeds from your reward stock, which are taxable.

Here’s a quick summary of all these time limits:

Robinhood Referral Program - Pros and Cons

Before we finish, here are the pros and cons of this referral program:

Pros and cons

• Reward worth between $5 and $200
• You and your friend are rewarded
• Pick your own stock
• $1,500 yearly referral reward limit

• Can’t be used for prediction markets

Robinhood Referral Rewards - Conclusion

In summary, you and your friend can each get a reward worth between $5 and $200 when they sign up using your unique referral link. You can use the reward to pick any stock on the trading exchange, but it cannot be used for prediction market contracts. However, you can sell the reward stock and use the money to trade on prediction markets if you wish.

Robinhood Referral Code FAQ