DriveWealth is a dollar-based investing brokerage that allows you to buy and sell securities in dollar amounts, share amounts, and fractional share amounts, so that you can invest however much money you like and diversify your portfolio as you please.
Plus, when you register via this DriveWealth $5 Free Google Stock Link, you’ll get $5 worth of Google stock when you deposit $50 or more into your new DriveWealth account.
Get $5 Free Google Stock from DriveWealth
1. First register at this DriveWealth $5 Google Stock Referral Link to get started.
2. Then download the DriveWealth app for iOS or Android and log in using the credentials that you created on the registration page.
3. Next deposit $50 or more into your DriveWealth account from the bank account of your choice.
4. $5 worth of Alphabet Inc. Class A Stock ($GOOGL) will be added into your Live Investing Account as an adjustment.
$5 Google Stock Promotional Details
- Get $5 worth of Alphabet Inc. Class A Stock ($GOOGL) when you fund your DriveWealth account with $50 or more using a DriveWealth users referral link.
- Alphabet Inc. is the parent company of Google and several former Google subsidiaries.
- The stock will be added into your Live Investing Account as an adjustment.
- Customer cannot withdraw funds that were deposited to earn customer the prize for 90 days.
- Maximum of $5 value per qualifying customer.
- The offer is only valid for initial deposits and is not transferrable.
Alternative Free Stock Offer: You can also Get a Free Stock Share from Robinhood when you sign up for a zero-commission stock brokerage account.
About DriveWealth Brokerage Service
DriveWealth provides users with dollar-based investing, which means that when you invest in a company, you can pay by the dollar and invest however much you like.
Basically, the amount of money that you invest is not determined by a company’s share price, so you can invest as much money as you like in any particular stock.
With fractional share investing, you can take advantage of dollar-cost averaging by investing smaller amounts over time, which may reduce your investment risk and lower the average cost per share that you pay when building a diversified portfolio.
DriveWealth makes investing extremely easy, as you simply add securities to your cart and check out in a single transaction whenever you are ready to buy your stocks.
DriveWealth also provides a variety of investing tools to help you follow the market, watch certain companies, and invest in curated investment ideas or pools of stocks, similar to Motif Investing ($150 Bonus).
DriveWealth is a great option for college students to get started investing in the stock market, because you can invest however much money you like whenever you have it.
However, DriveWealth is also a great brokerage service for both beginner and more seasoned investors, and it’s even good for foreigners who want to invest in the U.S. stock market.
DriveWealth Brokerage Account Features
- Invest Any Amount in Any Stock, ETF, or ADR that DriveWealth Offers.
- Invest with Fractional Shares.
- Build your portfolio with Curated Stock Lists.
- Keep an eye on stocks you’re interested in.
- Access your portfolio with a simple swipe.
- Stay in the loop with investing news from Benzinga.
- Search for stocks via Emoji.
DriveWealth Fractional Share Investing
Investing with fractional shares means that no stock or ETF offered by DriveWealth is off limits, because you are investing in terms of dollars, and not shares, so you can invest in the brands that matter to you, regardless of how much an individual stock costs.
You simply enter the dollar amount that you want to invest and receive a fraction of the whole share at the current market price, not the end of day or average market price.
With this methodology, you’ll enjoy reduced trade commissions when you invest in a fractional share of any stock, ETF, or ADR.
A fractional share is defined as anything less than 1 whole share, and it’s important to note that fractional shares do not have voting rights.
DriveWealth Product Availability
DriveWealth seeks to make available as wide an array as possible of individual stocks and ETFs to enable investors of all types to implement your personal investment strategies.
To mitigate risk to itself and its customers, DriveWealth offers only securities that meet the following criteria:
- U.S. exchange listed (OTC securities are not available).
- Market capitalization greater than $ 1 billion.
- If market capitalization is below $1 billion, then 3 month average daily dollar volume must be greater than $0.5 million.
- Exchange listed sponsored ADRs (American Depositary Receipts).
- Non-leveraged ETFs.
- Share price greater than $1.
Certain exceptions may be made, for example in the case of newly issued ETFs which have yet to meet the required market capitalization or daily trading volume levels.
DriveWealth does not currently approve trading in penny stocks, options, fixed income, or mutual funds (except money market funds).
DriveWealth Brokerage Fees: Classic versus Unlimited
DriveWealth Classic (no monthly fee): $2.99 per transaction traded subject to a minimum of $2.99 per transaction. For transactions of fractional shares of securities, there is a minimum commission charge of $0.99 per fractional share traded.
DriveWealth Unlimited (monthly fee): The monthly subscription charge is $5.99 per month plus $0.01 per share traded. The quarterly subscription charge is $14.99 every 3 months plus $0.01 per share traded.
There is no minimum initial deposit required to open a live investing account with DriveWealth, and there is no required ongoing minimum account balance.
There is no fee to fund your DriveWealth account via an ACH transfer from your linked bank account, but there is a $1.49 withdrawal fee for ACH (Dwolla) and paper check or e-Check (USD) withdrawals.
Electronic deposits to your DriveWealth account via ACH will typically take 4 to 5 business days to clear and be used for trading, and any ACH deposits must remain in your account for a minimum of 15 business days prior to being able to withdraw up to $250 of the original deposit, and 30 business days to withdraw the full amount of funds.
For non-resident aliens, there is a 1-time verification fee of $5.00 (see Form W-8BEN pass-through processing cost).
Accounts with no trading activity may be subject to an annual inactivity charge of $10 (annually) only if the following criteria is met: No executed trades in your account in the last 12 months.
You can view any additional DriveWealth Fees for their full fee schedule.
DriveWealth Referral Program $5 Cash Bonus
Once you create your Free DriveWealth Account, you can participate in the DriveWealth Referral Program to share $5 worth of free Google stock with your friends and earn $5 cash for each new user that you refer to DriveWealth.
When you share DriveWealth with your friends, they’ll receive $5 worth of Google stock when they deposit $50 or more into their new accounts.
For each new customer that you refer to DriveWealth who qualifies for their $5 in free Google stock, you’ll receive a $5 cash bonus deposited directly to your DriveWealth account.
You can then invest your $5 cash bonuses however you like within your DriveWealth brokerage account, or you can withdraw your referral bonuses to your linked bank account.
There is no limit to how many friends you can refer to DriveWealth or how much you can earn in cash referral bonuses.
To refer your friends to DriveWealth, just visit your account profile section within the app (see “^” symbol in the bottom left corner of app), and then visit the “Referral Code” section to access your unique referral link as well as other sharing options.
Please feel free to share your DriveWealth experiences in the comments below this article as well as your DriveWealth referral code to exchange referral bonuses with other readers.
DriveWealth Brand Ambassador Program
If you are a full-time student at a 4-year college or university, you are eligible to apply to become a DriveWealth Brand Ambassador Program.
As a DriveWealth Brand Ambassador, you can earn rewards for introducing your friends to DriveWealth, so that they can start investing for the future.
If you have an entrepreneurial spirit, are tech literate, sociable, and interested in finance or marketing, then this could be a great opportunity for you.
DriveWealth requires a commitment of at least 2 academic semesters, but other than that, you can work as much or as little as you want, depending on the number of students that you want to reach.
However, it’s important to note that the DriveWealth Brand Ambassador rewards for referrals are the same as their standard referral offer ($5 for referrer and $5 of Google stock for referee), so you won’t earn anything extra as a brand Ambassador.
Still, you will receive access to additional tools from DriveWealth as a Brand Ambassador, and you can always use it to pad your resume as being a Brand Ambassador for a tech-driven brokerage service.
Take advantage of DriveWealth for dollar-based investing to buy any amount of stock that you want at any time, plus get $5 worth of Google stock for free when you open your new DriveWealth account today.
If you’re interested in fractional investing, you can also try the Divy Fractional Investment Service, which allows you to invest in any stock for as little as $10.