Robinhood
Built-in referral
US
Commission-free investing platform with fractional shares, options trading, and crypto trading.
Robinhood is an investment brokerage offering commission-free stock and options trading, fractional share purchases, and cryptocurrency trading. Provides account types for individuals, IRAs, and joint accounts with zero account minimums.
Robinhood pays tiered milestone stock rewards for the referrer: $50 after 1 friend funds an account, $150 at 3, $800 at 10, $4,000 at 50, and $10,000 at 200 — capped at $15,000 total per person per year, through a referral link that already sits inside the product, with no application. The referred customer gets new referred friend can receive a separate sign-up stock reward worth $5–$200 (about 99% receive $5, 0.9% receive $10, 0.1% receive $200) after opening an account and linking a funding source. Verified 27 Sept 2026 from Robinhood's own published material.
No application — it is already in your account
View products
Paid when
Referee opens a new account via the referrer's link, links a funding source, and…
Payment delay
Granted stock can't be sold until 3 trading days after it's claimed, and cash from selling it must stay in the account for at least 30 days (sign-up reward) or 60 days (referral milestone reward) before it can be withdrawn
Minimum payout
$50, awarded once the first successful referral funds an account; there is no separate cash-out threshold since each milestone pays on its own
Click counts for
Referee must open the account through the referrer's link; the referral counts once the friend links a funding source and makes a deposit above $0, and each milestone reward then has to be claimed within 60 days of being reached or it expires
Your commission
Tiered milestone stock rewards for the referrer: $50 after 1 friend funds an account, $150 at 3, $800 at 10, $4,000 at 50, and $10,000 at 200 — capped at $15,000 total per person per year
Referrer earns cumulative stock at each referral milestone (1, 3, 10, 50, 200 successful referrals). Each milestone bonus must be claimed within 60 days of reaching it or it expires, and is credited to the account roughly a week after being claimed. The new-account sign-up stock a person may receive when they themselves opened an account also counts toward the same $15,000/year cap.
Customer incentive
New referred friend can receive a separate sign-up stock reward worth $5–$200 (about 99% receive $5, 0.9% receive $10, 0.1% receive $200) after opening an account and linking a funding source
Referee receives this sign-up stock independently of the referrer's milestone reward, upon opening their first individual taxable brokerage account and linking a bank account or debit card, then claiming it within 60 days.
The terms that decide whether you get paid
Paid whenReferee opens a new account via the referrer's link, links a funding source, and makes a deposit greater than $0; once approved, the referral counts toward the referrer's next milestone and each side claims its own stock reward within 60 days.
DurationNot a recurring per-customer commission; rewards accumulate across a rolling program of milestones (1, 3, 10, 50, 200 successful referrals) rather than continuing to pay from any single referred customer
Attribution windowReferee must open the account through the referrer's link; the referral counts once the friend links a funding source and makes a deposit above $0, and each milestone reward then has to be claimed within 60 days of being reached or it expires
Payment delayGranted stock can't be sold until 3 trading days after it's claimed, and cash from selling it must stay in the account for at least 30 days (sign-up reward) or 60 days (referral milestone reward) before it can be withdrawn
Payment scheduleMilestone bonus stock is credited to the account roughly one week after the reward is claimed on the Rewards page
Minimum payout$50, awarded once the first successful referral funds an account; there is no separate cash-out threshold since each milestone pays on its own
Payout formStock, chosen from a rotating list of roughly 26 companies picked by market cap within their sector; credited straight into the recipient's brokerage account, not cash
Self-referralBanned; multiple account creation by same person prohibited. Existing Robinhood customers ineligible as referees. Robinhood employees and related parties ineligible.
Important
Referral reward is not a flat per-referral amount but a milestone ladder ($50/$150/$800/$4,000/$10,000 at 1/3/10/50/200 referrals), with a combined $15,000/year cap that also swallows any sign-up stock. Reward stock cannot be sold for 3 trading days, and cash proceeds must sit for 30–60 days before withdrawal. Unclaimed milestones expire after 60 days. US residents only; referral links must not be sent to Washington state contacts. Self-referral, multiple accounts, and program manipulation are prohibited.
Reward scales with how many friends you refer rather than with deposit size — one referral is worth far less ($50) than the older flat-range framing implied. The $15,000/year ceiling is much higher than the previously recorded $1,500 figure. US-only, and the reward stock carries a short sale-lock plus a longer cash-withdrawal hold.
What you would be selling
A milestone-based, stock-paid perk (starting at $50 for one referral, up to $15,000/yr) for existing Robinhood customers who refer friends, not an open cash affiliate program.
Robinhood is one brand with 3 products, bought by different people. What one converted customer is worth cannot be worked out for any of them: that needs a rate, a plan price and a commission window, and this program does not publish all three.
Not published
Not every figure needed is published.
investing
Stock Trading
Commission-free stock trading platform for retail investors
Not published
Not every figure needed is published.
investing
Options Trading
Trade stock options with real-time data and tools
Not published
Not every figure needed is published.
investing
Cryptocurrency Trading
Buy, sell, and hold cryptocurrencies
Everything Robinhood publishes about how the commission is earned and paid. A term shown as not researched is one Robinhood does not publish, not one that does not apply.
How it pays
Route inBuilt-in only, no network: in the app or on the web go to Account → Menu → Rewards, then share your personal referral link or QR code
DurationNot a recurring per-customer commission; rewards accumulate across a rolling program of milestones (1, 3, 10, 50, 200 successful referrals) rather than continuing to pay from any single referred customer
Attribution windowReferee must open the account through the referrer's link; the referral counts once the friend links a funding source and makes a deposit above $0, and each milestone reward then has to be claimed within 60 days of being reached or it expires
Payment delayGranted stock can't be sold until 3 trading days after it's claimed, and cash from selling it must stay in the account for at least 30 days (sign-up reward) or 60 days (referral milestone reward) before it can be withdrawn
Payment scheduleMilestone bonus stock is credited to the account roughly one week after the reward is claimed on the Rewards page
Minimum payout$50, awarded once the first successful referral funds an account; there is no separate cash-out threshold since each milestone pays on its own
Payout formStock, chosen from a rotating list of roughly 26 companies picked by market cap within their sector; credited straight into the recipient's brokerage account, not cash
Self-referralBanned; multiple account creation by same person prohibited. Existing Robinhood customers ineligible as referees. Robinhood employees and related parties ineligible.
Must you be a customerYes—referrer must have active Robinhood account
ClawbackRobinhood reserves the right to withhold, decline to grant, rescind, or liquidate a milestone bonus if it suspects fraud, abuse, use of multiple accounts, or other manipulation of the program
Where it paysUS residents only; referral links may not be sent to contacts in Washington state
ApprovalNo separate approval step beyond normal account approval — once the referred account is approved and funded, the reward auto-generates for claiming within the 60-day window
Restrictions
·Must already be an active Robinhood customer to refer
·Paid in locked stock, not cash
·30-day holding period before payout is sellable
·US residents only
Customer pricing
Robinhood offers commission-free trading with no monthly fees or account minimums.
Robinhood Standard$0/month, $0 commissions on stocks/options, $0 per trade
Robinhood Gold$4.99–$49.99/month, margin investing, real-time data, research tools
Fractional SharesInvest in stocks with as little as $1
Options TradingCommission-free options strategies available
Crypto TradingTrade Bitcoin, Ethereum, and 30+ cryptocurrencies
Verified
Read from Robinhood's own published material on . Figures change without notice — quote this date alongside any figure.
Sources
Robinhood Tiered Referrals Program (support article) ↗Robinhood Referrals landing page ↗Robinhood open-account free stock offer terms ↗Robinhood Official Website ↗Robinhood Help Center ↗
Re-checked directly on robinhood.com support pages on September 27, 2026, and corrected outdated figures: the referral reward is a milestone ladder, not a flat $5-$200 per referral, and pays $50 for the first successful referral, $150 at three, $800 at ten, $4,000 at fifty, and $10,000 at two hundred, with a combined $15,000 per person per year ceiling replacing the previously recorded $1,500 cap.
Confirmed that the $5-$200 stock range belongs to the separate new-account sign-up reward a referred friend can receive (about 99 percent get $5, 0.9 percent get $10, 0.1 percent get $200), distinct from the referrer's milestone payout, per robinhood.com/us/en/support/articles/open-account-get-free-stock.
Route in, timing, clawback, and geographic terms were filled from robinhood.com/us/en/support/articles/invite-friends-pick-stock/ and robinhood.com/us/en/referrals/, both read September 27, 2026.
Account types and eligibility background: robinhood.com/accounts (account setup pages), reviewed earlier and still current.
How this programme compares to its rivals was rewritten on September 27, 2026, from the corrected terms above.
Citing this page
Ancaster, “Robinhood affiliate terms”. Verified 27 September 2026. https://ancaster.io/offers/robinhood
How this was verified
Verified
Read from Robinhood's own published material on . Figures change without notice — quote this date alongside any figure.
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The re-verification note
We read Robinhood's terms on 2026-09-27. Programs change a rate, a cookie window or a payment threshold without announcing it — we re-read them and send one note a week saying what moved.
One note a week, every figure dated and linked to its source. Unsubscribe in one click; we never sell or share the address.