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4 Investment platforms in Australia with free stocks!

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Fact checked by
Franklin Silva
Updated
Jun 11, 2024

Living in Australia and interested in free stocks and shares? Well, if you’re after some extra cash and bonuses, you’ve come to the right place. With a growing number of investment platforms and apps available to Australian investors, there are heaps of opportunities for you to snap up some free stocks and shares.

To help you out, we’ve put together a compilation containing all the best free stocks, shares, and sign-up deals in Australia. Keep reading for a complete breakdown of the various promos available.

List of apps with free stocks and shares in Australia

Referral link Free stock/share promotion Requirements Terms and conditions
Stake 1 share worth up to $150 Deposit $50 within 24 hours of account opening More details
Tiger Brokers $50 in free stock vouchers and 30 free shares Open an account and deposit at least ¢1 More details
Moomoo Up to 15 free shares worth up to $2,000 Deposit $100: earn 5 free stocks in total; Deposit $1,000: earn 15 free stocks total. More details
Interactive Brokers Up to $1,000 of free IBKR stock Per each $100 deposit, you get $1 worth of IBKR stock More details

List of apps with free stocks and shares in Australia

1# Stake (1 free stock)

4 Investment platforms in Australia with free stocks! 1
Visit broker
Offer value1 share worth up to $150
Minimum deposit$50
Time to claim the offer after sign up24 hours
Referral program
Get your free share!

Stake is an online broker offering access to over 6,000 stocks and ETFs. Only available in four countries: Brazil, Australia, New Zealand and the United Kingdom.

To get your Stake free share, you need to follow the following steps:

You can also earn additional shares by referring friends to open a Stake Wall St. account with your referral link. Or, for every friend who signs up to Stake Aus, you’ll get $1 off your brokerage fees for 12 months (so after 3 referrals, you can trade on the ASX for free). Here are the Aus Rewards terms and conditions.

Other Limitations & Conditions of the Stake free stock program:

  • Remember: the free share is only available 24 hours from when you first view the dashboard/portfolio page on the Stake app/website after your Stake account becomes approved.
  • Stake will randomly issue you one of the available stocks (Nike, Dropbox, GoPro, or a mystery stock)
  • The free share takes 1-2 days to be credited into your account.
  • The free share is only available when you fund via Stake (on the app or web) and does not apply when you make a direct USD deposit.
  • Stake may change the offer terms for its referral programme or terminate the referral programme for any reason without notice to the client.

Want to know more details about this program? Check out our article on the Stake free stock bonus or read Stake’s Free Stock Terms and Conditions.

2# Tiger Brokers (free stock vouchers and 30 shares)

Tiger Brokers logo
Visit brokerRead review
Offer value$50 of free stock vouchers, 30 Zip (ZIP) shares, and discount trading fees
Minimum deposit¢1
Time to claim the offer after sign up90 days
Referral program
Get your free vouchers!Read review

Tiger Brokers has over 9 million users worldwide and aims to deliver knowledge, innovation, and next-generation technology to Australian investors with its brokerage platform.

Here’s how you can get $50 worth of free stock, discounted brokerage fees, plus 30 free Zip shares:

  1. Sign up for an account using this Tiger Brokers referral link.
  2. Deposit at least one cent into your account (that’s all!).
  3. In the ‘Reward Centre’ you’ll automatically receive two free stock vouchers worth $25 each. Plus, you’ll also get 30 free Zip (ZIP) shares dropped into your account within 20 days.
  4. You’ll get 90 days of free trading and then 20% off brokerage fees after the free period.
  5. Once you’re set up, you can refer friends using your link and earn more free stock vouchers!

For the free stock vouchers from Tiger Brokers, one can only be spent on ASX stocks and ETFs and the other can only be used for US stocks and ETFs. You can check out the full terms and conditions for the free stocks and shares sign up promo here.

Details for the refer a friend scheme can be read here. You can refer up to 5 friends and earn free stock vouchers from Tiger Brokers each time.

3# moomoo (up to 15 free shares)

4 Investment platforms in Australia with free stocks! 2
Visit brokerRead review
Offer valueUp to 15 free shares worth up to $2,000
Minimum deposit$1
Time to claim the offer after sign upUntil 31 Nov 2023
Referral program
Get Your Free Shares!Read review

moomoo is Australia’s first AI-powered trading platform. It boasts over 19 million users globally and allows investors to trade in multiple international markets.

Here’s how you can get some free cash to spend on stocks along with brokerage-free trading from moomoo:

  1. Use the link: Click on this Moomoo referral link.
  2. Deposit $100 & get 5 stocks: Maintain a net deposit worth $100 to be eligible for five chances to draw for free stock (valued up to $2,000). Keep an average balance of $100 for 60 days to unlock your free stocks.
  3. Deposit $1,000 & get 15 stocks: Maintain a net deposit worth $1,000 to be eligible for fifteen chances to draw for a free stock. Make sure to keep an average balance of $1000 for 60 days to unlock your free stocks.
  4. Refer friends & earn additional shares.

The deal from moomoo is only running for a limited time and may not be renewed. You can read the full terms and conditions.

4# Interactive Brokers (free stock)

Interactive Brokers logo
Visit brokerRead review
Offer valueUp to $1,000 worth of free IBKR stock
Minimum deposit$100
Time to claim the offer after sign up1 year
Referral program
Get your frees shares!Read review

Interactive Brokers is a US-based brokerage firm that operates some of the largest investment and trading platforms across the UK, Europe, America, and the rest of the world.

Follow these steps to get up to $1,000 worth of free IBKR stock:

  1. Sign up using this referral link and set up an individual or joint account.
  2. For every $100 you deposit, you’ll earn $1 worth of free IBKR stock.
  3. You can accumulate more free stock throughout the first year, but you must maintain your average balance.

Once you’re set-up, you can also earn additional cash bonuses by referring friends and family using your unique referral code, details on their website.
Want to know more about the Interactive Brokers free stock bonus? Check out our detailed guide explaining everything you need to know about the Interactive Brokers referral promotion.

Bottom line

There are a number of great deals currently available with investment platforms and apps offering free stocks, shares, cash, and trading credit for investors in Australia.

Some of the deals mentioned here have time limits and dates of expiry, so don’t hesitate in case the promotion ends or changes. We’ll keep you updated when we hear more news from these Australian brokers.

Most of the brokerages described above also have referral programmes offering people in Australia free cash or coupons to spend on stocks and shares!

Other FAQs about free stocks in Australia

Does Westpac have a free stock promo?

No. The Westpac Share Trading account doesn’t offer any promotions or bonuses for new Australian customers.

Does eToro have a free stock promo?

No. eToro does not have a free stock promo in Australia.

Are there any free stocks available with ANZ?

Unfortunately not. Also, the ‘ANZ Share Investing’ service is in the process of transitioning customers over to CMC Markets Invests, read more here.

Can you get free stocks with CMC Markets Invests?

It doesn’t look like it. There are ‘refer a friend’ schemes live in some countries (like New Zealand) but there are no promos or referral bonuses available in Australia right now. 

Is there a Saxo Markets free stock sign-up bonus?

There isn’t. But, Saxo Markets do have a pretty generous referral scheme that could earn you up to $500 of free cash to spend on stocks for each friend you refer. Check out the full details here

Is there a way to get free stocks with Pearler?

No. But, you can get $40 free credit to go towards your stock-trading fees if you use this referral link. Also, when you start referring your friends, you’ll both get additional free credit to use towards stock trades.

Does nabtrade have any promotions?

There’s no free stock bonus or referral schemes available right now with nabtrade.

Are there any promos or deals with Bendigo Bank?

Sadly not. Most of the big banks in Australia that offer share dealing services don’t tend to run free stock promotions or referral bonuses.

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About the author
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George Sweeney, DipFA
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George is a freelance writer and qualified financial advisor who focuses on educating others in personal finance and investing. He has experience working in investing, insurance, and a number of other industries.

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