Best new brokerage account bonuses. Brokerage account promotions offers to open an investment account. Top stock broker incentives for signing up and account transfers.





Firstrade Brokerage Account Promotion

Earn up to $4,000 cash bonus & get $0 commission trades.


Open Firstrade Account


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M1 Finance Brokerage Incentive

Get $10 for making a $100 deposit.


Open M1 Finance Account


M1 Finance Review

M1 Finance Review »





TastyWorks Offer To Open a New Account

Get $75 for each person you refer when you sign up with this referral link.


Open TastyWorks Account


TastyWorks Review

TastyWorks Review »





TD Ameritrade Promotion For Opening an Account

$0 stock/ETF trades + transfer fee refund.


Open TD Ameritrade Account


TD Ameritrade Review

TD Ameritrade Review »





Tradestation Broker Offer

Cash bonus up to $150 for depositing funds into TradeStation.


Open Tradestation Account


Tradestation Review

Tradestation Review »





Stash New Brokerage Account Bonus

$20 free stock when you open an account with this referral code.


Open Stash Account


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WeBull Brokerage Account Bonus

Grab your last chance to get 12 free stocks valued up to $30,600.


Open WeBull Account


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Robinhood Brokerage Offer

Get up to $200 in free stock with a new Robinhood account.


Open Robinhood Account


Robinhood Review

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Zackstrade Brokerage Special

The lowest margin rates + transfer fee reimbursement.


Open ZacksTrade Account


Zackstrade Review

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J.P. Morgan Brokerage Bonus

Get up to $625 when you open and fund a J.P. Morgan Self-Directed Investing account.


Open Chase Account


J.P. Morgan Review

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Moomoo Brokerage Account Deal

Up to 15 free stocks valued up to $7,000 with new account!


Open Moomoo Account


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Webull


Overview of Brokerage Promos

The brokerage industry in the U.S. is very competitive, and this gamesmanship means that brokerage firms are really out to get your business. So much so that they’re willing to pay you, literally, to come to them rather than one of their rivals. These prizes can come in a variety of offers and incentives. Sometimes, they are non-cash offers. Whatever the prize, it’s usually worth the effort to open an account and make a deposit or transfer of assets. Most brokers nowadays have online tools to accomplish these tasks, and only a few minutes are required.

Broker Cash Bonuses

Awards of cash are one of the most common forms of brokerage specials. Simply open an account and receive a deposit of cash from the brokerage firm. Free money. Pretty simple. But of course, there’s usually fine print attached to such offers. One of the most common requirements is to make a minimum deposit or transfer into the account.

For example, tastyworks has a current promotion that offers a $100 prize for depositing or transferring at least $5,000. Anything below that level receives no prize at all. But a larger deposit or transfer ($25k or higher) gets a larger bonus ($500). A very large deposit or transfer ($100k or more) gets a very impressive $2,000. This type of tiered schedule is very common.

Fine print on these offers also usually includes eligible and ineligible accounts. Common types of ineligible accounts include trusts and IRAs, although tax-advantaged accounts sometimes do qualify. The account balance may need to be retained for a minimum period of time, and sometimes the applicant is required to be a U.S. resident. As always, read the fine print.


brokerage account promotions


Transfer Rebates

In a cash bonus promo, oftentimes the brokerage firm will require a deposit or transfer of assets. For this reason, new customers will transfer an old investment account into the newly-opened account through the ACAT network. This transfer usually results in a transfer fee from the old broker-dealer. This fee is designed to dissuade customers from jumping ship, but as we have already mentioned, this is a really competitive industry, and brokerage firms really want your business. So many firms will actually refund this ACAT fee. Sometimes, this ACAT fee refund special will be on top of the cash bonus, but as always, check the fine print.

A brokerage firm that has a long-standing policy on refunding ACAT transfer fees charged by other firms is TD Ameritrade. Customers who transfer accounts to TD Ameritrade and discover transfer fees assessed by the outgoing firms simply need to contact TD Ameritrade and request a refund. TD Ameritrade does require proof of the charge, which typically is in the form of an account statement.

Investment firms don’t like to pay out these generous bonuses with no strings attached. So they sometimes will require a minimum transfer amount to qualify for the ACAT fee refund, or they might stipulate a minimum hold period on the transferred assets. Fidelity, for example, requires a transfer to be valued at $25,000 or more before it shells out cash to refund the fee that its new customer was charged.

Discounted Commissions

You may have heard that online discount broker-dealers now charge $0 commissions. Well, this is true only for online trades of U.S.-listed stocks and ETFs. Trades in other situations may, and often do, carry trading fees. This is especially true in the world of futures, cryptos, and foreign stocks. Be on alert for discounts on these types of trades.

TradeStation, for example, is offering a 50% discount on its normal commission schedule for futures accounts. A promo code (FUTRAFZT) is required on this one.

Free Use of Software

Although a lot of brokerage firms have also moved to a free-software model, not all companies have done so. Accounts minimums or monthly fees may be required to gain access to some trading platforms. This is where free software promos come in handy.

Lightspeed is a day-trading specialist that offers a suite of trading platforms. The company offers free trials of these programs with almost no strings attached. These free tryouts are limited by time, the only notable downside. Just an email address and phone number are needed to sign up for a demo of one of these platforms, including the very popular Lightspeed Trader.

Sterling Trading Tech is the company behind the very famous Sterling Trader Pro and a few other trading platforms. Any one of these is available for a free demo. Once again, it’s limited by time but only requires an email and phone number.


brokerage promotions


Free Shares of Stock

Brokerage houses realize that people open accounts to trade stocks. So many of them are giving away exactly that—stocks—instead of cash. Moomoo is one such brokerage firm.

There are three levels in moomoo’s current promotion:

Open an account and get one free stock worth between $3 and $2,000.
Deposit at least $100 of new cash and receive 4 free stocks of the same value range ($3 to $2k).
Deposit at least $2,000 and get an additional 10 stocks within the same price range.


brokerage bonus


In total, a new account could receive 15 free stocks. Pretty good, although the odds aren’t very good for getting a stock above $100. The terms & conditions of the special include requirements to use ACH or wire for the deposit of new cash, keep the assets in the new account for 60 days, and have a valid Social Security Number.

Free Investment Advice

More and more firms are offering automated account management. In order to promote their robo services, the investment firms are offering free trials of their services. Typically, these are periods of free management or free management below a certain account value.

The very famous robo advisor Betterment, for instance, is giving away months of its automated investment service in return for minimum amounts of funding. The larger the deposit, the longer the free management. Here’s the tiered schedule:

Deposit: 0% Fee
$15,000 - $99,999: 1 month
$100,000 - $249,999: 6 months
$250,000+: 12 months

The deposit of new money must be received within 45 days of opening the new account. As with so many other offers, the new account holder must be a U.S. resident. The offer also is not valid on crypto accounts.

Some investment-advisory firms offer ongoing free management below a certain account level. Fidelity, for example, offers free management on the first $25,000 in its robo service Fidelity Go. There’s nothing account holders need to do to obtain this lucrative offer as it is standard fare in the program.

Refer-a-Friend Broker Specials

Refer-a-friend bonuses are very popular. These are deals securities firms offer for getting new clients from existing ones. Despite the name, the referred customers do not always have to be friends. They could, in some cases, be family members or complete strangers. But read the terms & conditions. Interactive Brokers, for example, does not permit account holders to refer family members if they’re in the same household in its refer-a-friend program.


brokerage incentives


Non-Cash Broker Awards

Some broker-dealers like to spice up their marketing with something other than the standard fare of cash and stock. Webull, for example, currently has a refer-a-friend special that is giving away free vacations to New York City. Customers who refer friends to Webull are automatically entered into a drawing that will give away stays in the Big Apple in 4-star hotels, meals at the Crown Club, and suite tickets at the Barclays Center.

This promotion and many others appear in Webull’s Promotion Center, which can be found on the Menu page of the mobile app.


new brokerage account bonus


Brokerage Promotions Recap

Lots of specials are out there for investors who are willing to take the minimal amount of time to open an account and make a deposit. In fact, there are so many promotions that it’s hard to avoid them. The important thing to remember is to follow the terms & conditions to maintain eligibility.

Brokerage Account Promotions Disclosure

INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

Updated on 11/8/2022.


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