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5 Investment Platforms in Australia with Free Stocks!

George Sweeney, DipFA| Updated January 5th, 2023

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

Brokerage Free stock/share promotion Requirements Link Terms and conditions
Compare Stake Trading NZ - Share Trading App - Glimp 1 share worth up to $150 Deposit $50 within 24 hours of account opening Link More details
Tiger Brokers Leaps Into Mobile Securities With Tiger Trade App Targeting The High Mobile Usage Of Singaporeans - Jumpstart Magazine A$50 in free stock vouchers and 30 free shares Open an account and deposit at least ¢1 Link More details
The origin of m... - moomoo Up to $50 free cash to spend on stocks Per each $100 you deposit, you get $10 Link More details
File:Interactive Brokers Logo (2014).svg - Wikipedia Up to $1,000 of free IBKR stock Per each $100 deposit, you get $1 worth of IBKR stock Link More details
About us | Bell Direct Up to $300 free for brokerage fees Transfer at least $500 worth of securities Link More details

List of Apps with Free Stocks and Shares in Australia

1# Stake (1 free stock)

5 Investment Platforms in Australia with Free Stocks! 5
Get your free share!

The promotion at a glance

Offer value1 share worth up to $150
Minimum deposit$50
Time to claim the offer after sign up24 hours
Referral program

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.

List of Apps with Free Stocks and Shares in Australia

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

tiger brokers
Get your free vouchers!

The promotion at a glance

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

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.

List of Apps with Free Stocks and Shares in Australia

3# moomoo (free cash for stocks)

5 Investment Platforms in Australia with Free Stocks! 6
Get Your Free Cash!

The promotion at a glance

Offer valueUp to $50 of free cash to spend on stocks, and no brokerage fees for 180 days
Minimum deposit$100
Time to claim the offer after sign upUntil 31st December 2022
Referral program

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 spends on stocks along with brokerage-free trading from moomoo:

  1. Sign up for an account using this referral link by 31st December 2022.
  2. For every $100 you deposit, you’ll get $10 in free cash coupons to spend on stocks (up to a $50 maximum bonus).
  3. After meeting the offer terms, you’ll get your free cash coupons within 3 working days.
  4. Once you’re account is open, you have 180 days to trade US and AU stocks for free!
  5. Currently there’s also a referral scheme running during the same period where you can get more free cash coupons to spend on stocks.

The deal from moomoo is only running for a limited time and may not be renewed in 2023. You can read the full terms and conditions

You should also check out the ‘refer a friend’ scheme which gives $100 free in cash coupons for each friend you successfully refer, but this offer is due to end and may be changed in 2023, read the terms and conditions here. The usual referral bonus is $50.

List of Apps with Free Stocks and Shares in Australia

4# Interactive Brokers (free stock)

5 Investment Platforms in Australia with Free Stocks! 7
Get your frees shares!

The promotion at a glance

Offer valueUp to $1,000 worth of free IBKR stock
Minimum deposit$100
Time to claim the offer after sign up1 year
Referral program

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.

List of Apps with Free Stocks and Shares in Australia

5# Bell Direct (free brokerage credit)

5 Investment Platforms in Australia with Free Stocks! 8
Get Your Free Credit!

The promotion at a glance

Offer value$300 worth of free broker fees
Minimum deposit$500
Time to claim the offer after sign upUntil 31st December 2022
Referral program

Bell Direct (backed by Bell Financial Group) is an online share dealing platform that’s been around for over 12 years and has a large emphasis on providing excellent customer service with its brokerage services.

There’s no free stock on offer from Bell Direct, but here’s how you can get $300 worth of free brokerage fees:

  1. Sign up for an account using this link.
  2. Any trades you complete before the end of the year will have the brokerage fees refunded at the beginning of the following month (up to $300).
  3. The minimum deposit for purchasing securities with Bell Direct is $500.

You can read more about the terms on the promotional page here.

The 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! Let us know how you get on with these free Australia stocks, shares, and cash promos in the comments below.

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.

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.

George Sweeney, DipFA
Contributor

George is a freelance writer and qualified financial advisor who focuses on educating others in personal finance and investing. His work has been featured on The Motley Fool, Finder, Freetrade, Yahoo Finance, MoneyMagpie, and Online Mortgage Advisor.‍

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