5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.

Brokers that gives bonus


For subscriptions starting at $4.95 per month, motif BLUE provides automated investing and rebalancing, real-time quotes, unlimited trading, and more.

Top forex bonuses


5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.


5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.


5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.

  charles schwab is offering a $100 referral bonus with a $1,000 deposit into a new schwab brokerage account. You can also get 500 commission-free trades with a $100,000 deposit, this deal is good for two years following the opening of the new account.  


5 broker deals that'll pay you to open an account


If you're looking for a new brokerage, consider opening your account with one of these institutions. They’ll pay you a new account bonus on certain account types if you meet minimum deposit requirements and keep your account open for a specified length of time. (all promotional data presented is accurate as of may 2020.)


Key takeaways



  • With discount brokers cutting client fees and offering $0 trading commissions, the competitive landscape has never been better for individual investors and savers.

  • In order to lure in new clients (or steal them from the competition), many financial firms offer financial incentives to those who qualify.

  • Here, we present just five such offers that include cash bonuses, free trading, and higher-than-market incentive rates on savings products.


Charles schwab: $100 bonus or 500 commission-free trades


Charles schwab is offering a $100 referral bonus with a $1,000 deposit into a new schwab brokerage account. You can also get 500 commission-free trades with a $100,000 deposit; this deal is good for two years following the opening of the new account.  


Schwab also offers unlimited commission-free online trading on most stocks and etfs for all clients.  


Motif investing: 3 free months


On offer now at motif investing is 3 free months of their motif BLUE unlimited automated investment service. The offer is good only for first-time customers and is available when the new brokerage account application is approved.


For subscriptions starting at $4.95 per month, motif BLUE provides automated investing and rebalancing, real-time quotes, unlimited trading, and more.  



Navy federal credit union is offering a $100 bonus, and it's available nationwide. Investors taking advantage of this deal will also have access to an attractive CD rate of 3.75 percent APY when you open a new IRA CD.


To qualify for the bonus, the new account must be funded with an opening balance of at least $100 within 45 days of account opening. The bonus will be deposited into the account within 30 days of the qualifying opening deposit.


Ally invest $3,500 cash bonus + 90 days of commission-free trades


Available at ally is an ally invest $3,500 cash bonus offer, which offers a $3,500 cash bonus and commission-free trades for 90 days when you open a new ally invest account. To qualify, you must do the following:


1. Open a new self-directed trading account by january 31, 2019.


2. Fund your account within 60 days of account opening to earn a bonus based on your deposit amount:



  • $3,500 bonus + free trades for $2,000,000+ deposit or transfer

  • $2,500 bonus + free trades for $1,000,000+ deposit or transfer

  • $1,200 bonus + free trades for $500,000+ deposit or transfer

  • $600 bonus + free trades for $250,000+ deposit or transfer

  • $300 bonus + free trades for $100,000+ deposit or transfer

  • $200 bonus + free trades for $25,000+ deposit or transfer

  • $50 bonus + free trades for $10,000+ deposit or transfer


3. Receive the bonus cash credit to your account within 10 business days of meeting the promotional requirements.


4. Once the account is credited, the bonus and initial qualifying deposit are not available for withdrawal for 300 days after the requirements have been met.  


Get up to 500 commission-free trades at E*TRADE, plus up to a $600 cash credit


If you decide to go with an E*TRADE account, there are a few things you'll need to know. First, you must fund your account within 60 days by transferring funds from an external source. Here's how it works:



  • Deposit at least $10,000 into your new account.

  • Get up to 500 commission-free trades for stocks or options within 60 days of funding your new trading account. This excludes options contract fees.

  • Your first 29 stock or options trades are charged $6.95 (plus $0.75 cents for each options contract), while trades after that are charged $4.95 (plus $0.50 per options contract) up to 500 trades.

  • Commissions are credited back to your account within a week of the settled trade.

  • E*TRADE does not compensate for any unused commission-free trades.

  • There is a separate commission schedule for stock plan account transactions.


E*TRADE makes credits for cash or securities within 60 days of the account open, depending on deposits to the account from external sources. Credits are made within a week after the 60-period. Here's how the credit is broken down:  



  • Deposit $1,000,000+, receive $2,500 + commission-free trades

  • Deposit $500,000–$999,999, receive $1,200 + commission-free trades

  • Deposit $250,000–$499,999, receive $600 + commission-free trades

  • Deposit $100,000–$249,999, receive $300 + commission-free trades

  • Deposit $25,000–$99,999, receive $200 + commission-free trades

  • Deposit $10,000–$24,999, receive only commission-free trades


E*trade offers unlimited commission-free online trading on most stocks and etfs for all clients.  


The bottom line


These promotions aren’t a good way to make a quick buck, and the bonuses are relatively small, often 1 percent or less of the amount you’re required to deposit. What's more, in many cases, taxes or commissions will erode the value of your bonus.


An account-opening bonus is, however, a good incentive to give a brokerage, bank or credit union a closer look if you were thinking about opening a new account anyway. Just make sure the account type you’re opening is the best option for your long-term needs, that you’ll still come out ahead after any fees and that you aren’t depositing money you might need in the near term.



Brokers that gives bonus


5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.


Deposit bonus – A bonus on funding a live account. The bonus credited on percentage of the deposit amount.


No deposit bonus – free bonus on account registration for the new clients to trade live without any risk.


Tradable bonus: A deposit bonus that can be lost and traded as the part of your trading equity.


Volume bonus – most common type of deposit bonus, it allows you to increase your trading volume. Often the bonus can be cashed on trading lot requirement.


Forex gift – A gift for the clients for completing certain requirements, everything from bonus to latest gadget


Freebies – free stuff by forex brokers like ebook, courses, trading materials etc.


Rebate – cash-back withdrawable bonus on each lot traded.


Demo contest – contests held on demo account, win cash/tradable money with no-risk involve!


Live contest – contest held on live account, deposit requires. Win bigger cash/prizes.


Refer – a-friend– refer your friend to your broker, when your friend deposit you will get a special bonus


Free signals – get free trading signals from the broker.


Free VPS – get access to an optimized forex virtual private server for free on maintaining a certain amount of trading balance.


Binary options – binary bets trading on forex instruments


Forum posting: get a small trading bonus for each of your post in forms.


3 affiliate IB: receive a commission from your fellow traders, specially design for the marketers.


Draw bonus: the winners chosen by a draw


Seminars webinars: find the schedule to participate in the online/offline events.


Expos events: inviting to attend the forex events & expos globally.



5 broker deals that'll pay you to open an account


If you're looking for a new brokerage, consider opening your account with one of these institutions. They’ll pay you a new account bonus on certain account types if you meet minimum deposit requirements and keep your account open for a specified length of time. (all promotional data presented is accurate as of may 2020.)


Key takeaways



  • With discount brokers cutting client fees and offering $0 trading commissions, the competitive landscape has never been better for individual investors and savers.

  • In order to lure in new clients (or steal them from the competition), many financial firms offer financial incentives to those who qualify.

  • Here, we present just five such offers that include cash bonuses, free trading, and higher-than-market incentive rates on savings products.


Charles schwab: $100 bonus or 500 commission-free trades


Charles schwab is offering a $100 referral bonus with a $1,000 deposit into a new schwab brokerage account. You can also get 500 commission-free trades with a $100,000 deposit; this deal is good for two years following the opening of the new account.  


Schwab also offers unlimited commission-free online trading on most stocks and etfs for all clients.  


Motif investing: 3 free months


On offer now at motif investing is 3 free months of their motif BLUE unlimited automated investment service. The offer is good only for first-time customers and is available when the new brokerage account application is approved.


For subscriptions starting at $4.95 per month, motif BLUE provides automated investing and rebalancing, real-time quotes, unlimited trading, and more.  



Navy federal credit union is offering a $100 bonus, and it's available nationwide. Investors taking advantage of this deal will also have access to an attractive CD rate of 3.75 percent APY when you open a new IRA CD.


To qualify for the bonus, the new account must be funded with an opening balance of at least $100 within 45 days of account opening. The bonus will be deposited into the account within 30 days of the qualifying opening deposit.


Ally invest $3,500 cash bonus + 90 days of commission-free trades


Available at ally is an ally invest $3,500 cash bonus offer, which offers a $3,500 cash bonus and commission-free trades for 90 days when you open a new ally invest account. To qualify, you must do the following:


1. Open a new self-directed trading account by january 31, 2019.


2. Fund your account within 60 days of account opening to earn a bonus based on your deposit amount:



  • $3,500 bonus + free trades for $2,000,000+ deposit or transfer

  • $2,500 bonus + free trades for $1,000,000+ deposit or transfer

  • $1,200 bonus + free trades for $500,000+ deposit or transfer

  • $600 bonus + free trades for $250,000+ deposit or transfer

  • $300 bonus + free trades for $100,000+ deposit or transfer

  • $200 bonus + free trades for $25,000+ deposit or transfer

  • $50 bonus + free trades for $10,000+ deposit or transfer


3. Receive the bonus cash credit to your account within 10 business days of meeting the promotional requirements.


4. Once the account is credited, the bonus and initial qualifying deposit are not available for withdrawal for 300 days after the requirements have been met.  


Get up to 500 commission-free trades at E*TRADE, plus up to a $600 cash credit


If you decide to go with an E*TRADE account, there are a few things you'll need to know. First, you must fund your account within 60 days by transferring funds from an external source. Here's how it works:



  • Deposit at least $10,000 into your new account.

  • Get up to 500 commission-free trades for stocks or options within 60 days of funding your new trading account. This excludes options contract fees.

  • Your first 29 stock or options trades are charged $6.95 (plus $0.75 cents for each options contract), while trades after that are charged $4.95 (plus $0.50 per options contract) up to 500 trades.

  • Commissions are credited back to your account within a week of the settled trade.

  • E*TRADE does not compensate for any unused commission-free trades.

  • There is a separate commission schedule for stock plan account transactions.


E*TRADE makes credits for cash or securities within 60 days of the account open, depending on deposits to the account from external sources. Credits are made within a week after the 60-period. Here's how the credit is broken down:  



  • Deposit $1,000,000+, receive $2,500 + commission-free trades

  • Deposit $500,000–$999,999, receive $1,200 + commission-free trades

  • Deposit $250,000–$499,999, receive $600 + commission-free trades

  • Deposit $100,000–$249,999, receive $300 + commission-free trades

  • Deposit $25,000–$99,999, receive $200 + commission-free trades

  • Deposit $10,000–$24,999, receive only commission-free trades


E*trade offers unlimited commission-free online trading on most stocks and etfs for all clients.  


The bottom line


These promotions aren’t a good way to make a quick buck, and the bonuses are relatively small, often 1 percent or less of the amount you’re required to deposit. What's more, in many cases, taxes or commissions will erode the value of your bonus.


An account-opening bonus is, however, a good incentive to give a brokerage, bank or credit union a closer look if you were thinking about opening a new account anyway. Just make sure the account type you’re opening is the best option for your long-term needs, that you’ll still come out ahead after any fees and that you aren’t depositing money you might need in the near term.



The 14 best brokerage account promotions and bonuses for 2021


Updated january 21, 2021


Some links below are from our sponsors.


This blog has partnered with cardratings for our coverage of credit card products. This site and cardratings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author's alone and have not been reviewed, endorsed or approved by any of these entities.


As an amazon associate, I earn from qualifying purchases. More information


Are you looking to open a new brokerage account to manage your portfolio of investments but aren’t sure which one?


Many online investment platforms compete for business by offering new account promotions based on the assets you can transfer to their platform. While promotions shouldn’t be the only consideration, these promotion/bonus amounts are too hard to look past.


There are a range of bonuses listed below, whether you have an established portfolio and looking to transfer stocks, or starting new.


Continue reading to review the best brokerage account promotions for new accounts.


Our top picks:


Webull – 4 free stocks worth up to $1,600


Webull is a free trading app from webull financial. They are a brokerage based out of new york city and regulated by FINRA, you can look them up on brokercheck. We have a full review of webull and their offer here.


For new signups, open and fund an account with $100 and they will give you 4 free stocks worth up to $1,600. They have no fees and no account minimums so it’s truly free stock.


Robinhood – free share of stock



Robinhood is a relatively new brokerage that will give you a free share of stock when you open an account. There are no other requirements of the offer, you just need to open an account. No deposit, no transfer, no nothing. You can read more about the free share of stock promotion here.


Ally invest – up to $3,500



Ally invest is the online brokerage account I use because they offer free trades (U.S. Stock, etfs, and options) with no minimums and monthly balance requirements. I have an ally bank account so managing it all with one login is convenient too. I wish I would’ve taken advantage of their new account bonuses for transfers because it’s one of the most generous, here is the schedule based on how much you deposit within 60 days of account opening:


Here is the ally invest bonus structure:


Deposit or transfer
amount
your bonus
$10,000 – $24,999$50
$25,000 – $99,999$200
$100,000 – $249,999$300
$250,000 – $499,999$600
$500,000 – $999,999$1,200
$1,000,000 – $1,999,999$2,500
$2,000,000 or more$3,500


They will also credit transfer fees if you move your account from another brokerage – up to $150 ACAT fee reimbursement.


NVSTR –



NVSTR has a referral program where you can get up to $1,000 (but at least $10) when you sign up. The referring customer gets $10 to $1,000 too – and it’s a limited time offer. If you’ve never heard of them before, our NVSTR review can get you up to speed.


The only requirement is that you make one trade within a year and you can keep the bonus. There are no other requirements for the new account bonus.


There is also a deposit bonus. For a limited time, after you open your account, you can get a bonus based on what you deposit. You need to maintain this amount for one year to keep the deposit bonus.

5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.


Tastyworks


Tastyworks will give you 100 shares of a “highly liquid stock” when you open and fund a new cash or margin account with $2,000. The shares will be selected at random from a list of eleven stocks priced between $1 and $6, so you can get anywhere from $100 to $600 in this promotion with a stated average bonus of $200 – $220. There is a 70% chance of getting a stock priced under $2 and a 30% chance of getting a stock priced over $2.


You must keep the initial value of the stock, less any loss in value, in the account for a minimum of three months.


The referral/promotion code for this offer is “STOCK_AWARD_20” and you must put it in the referral code field when applying.


Sofi invest – $50


Sofi invest is the brokerage arm of sofi, the student loan refinancing company. They’ve recently branched out into other areas, including sofi money (banking), and they are now offering a $50 bonus if you sign up and deposit at least $25.


With sofi invest, you can manage your portfolio (active investing) or go with a roboadvisor approach (auto investing). With active investing, you can invest in stocks, cryptocurrencies, and etfs without paying a trading commission.


For a limited time, get $50 in stock from sofi invest if you sign up with a referral link and deposit at least $1,000. There’s no trading requirement.


Betterment


Betterment is one of the largest and most respected robo-advisors, you can see our review of betterment for a closer look at their service.


For new accounts, they will waive the management fee of 0.25% depending on how much you transfer:



  • Deposit $15,000 – $99,999, get 1 month managed free

  • Deposit $100,000 – $249,999, get 6 months managed free

  • Deposit $250,000+, get 12 months managed free



Citi personal wealth management


Citi personal wealth management has a juicy bonus offer when you transfer new-to-citibank funds within 2 months of opening an account. You also will need to enroll in e-delivery of statements and then keep those funds in the account through the end of the next month (or three months after the month of account enrollment). Bonus will be credited three months after you meet the maintenance requirement.


Here’s the citi bonus transfer schedule:



  • Fund with $50,000 – $199,999 – $500

  • Fund with $200,000 – $499,999 – $1,000

  • Fund with $500,000 – $999,999 – $1,500

  • Fund with $1,000,000 – $1,999,999 – $2,500

  • Fund with $2,000,000 or more – $3,500



Merrill edge – up to $600


Merrill edge, a bank of america company, will give you up to $1,000 if you open a new merrill edge account using the offer code 600ME. You just need to transfer your funds within 45 days, maintain that balance for 90 days, and you will get the cash bonus in 2 weeks. This bonus applies to individual merrill edge iras or cash management accounts, which is what they call their taxable brokerage accounts.


Here’s the merrill edge bonus transfer schedule:



  • Fund with $20,000 – $49,999: $100

  • Fund with $50,000 – $99,999: $150

  • Fund with $100,000 – $199,999: $250

  • Fund with $200,000+ $600



If you are a preferred reward client, you may get up to $900 with this alternative offer.


Charles schwab – up to $500



Charles schwab will give stock plan services clients a bonus of up to $500 when you open a new account and transfer in new funds with 45 days. If you are not a stock plan service, they won’t give you this promotion (they will even let you apply and enter in a promotion code, but they won’t give you the bonus).


Here’s charles schwab’s bonus transfer schedule:



  • Fund with $10,000 – $24,999: $100

  • Fund with $25,000 – $45,999: $200

  • Fund with $50,000 – $99,999: $300

  • Fund with $100,000+ $500



Update: I have received reports from readers that you don’t get cash but instead get “trade credits” which can be used to pay the commission for trades. If you are considering this offer, call to confirm the details.


E*TRADE – up to $2,500



When I think of new account promotions, I think of E*TRADE. For years, they had an offer where you could get up to $3,000 (if you had over a million dollars in assets to transfer!) and 60 days of free trades if you open a non-retirement brokerage account.


With the recent rush of brokerages offering free trades, the promotion is now just cash.


You can find the full details here but this is the offer:



  • Deposit $5,000 – $9,999, get $50 cash

  • Deposit $10,000 – $19,999, get $100 cash

  • Deposit $20,000 – $24,999, get $150 cash

  • Deposit $25,000 – $99,999, get $200 cash

  • Deposit $100,000 – $249,999, get $300 cash

  • Deposit $250,000 – $499,999, get $600 cash

  • Deposit $500,000 – $999,999, get $1,200 cash

  • Deposit $1,000,000 or more, get $2,500 cash



Fidelity – promotion [expired]



Fidelity doesn’t offer any cash bonus right now and their last promotion, for free trades, no longer applies as they’ve made many trades commission free.


This offer has expired. We will update it when fidelity issues a new promotion.


Tradestation – $100 [expired]


Tradestation has a “cash madness” promotion where you can get $100 when you open and fund a tradestation securities account with $500 or more. All you have to do is open a new tradestation securities account using the offer code ZINGAFOG, deposit at least $500 within thirty days of opening your account, and then maintain the balance for one month after the funding date.


The promotion expired on july 1st, 2020. We will update this section when a new promotion arrives.


Frequently asked questions


Here are some frequently asked questions about bonuses and the brokerage transfer process.


Almost every brokerage firm supports ACATS, which stands for automated customer account transfer service, which lets you transfer your assets “in-kind.” this means that your holdings are transferred without you having to sell them (and create a taxable event). If you have big unrealized gains in a stock, the shares just get moved over without you having to sell them and you keep the same cost basis.


You may run into hiccups if some items can’t be transferred. One common example is vanguard admiral shares of their mutual funds. Some brokerages will take them, others won’t. In these cases, you may have to transfer them to another asset type (like the ETF version), which will accept them.


ACATS does take a week or two to complete the transfer.


I don’t think it’s worth switching from broker to broker, grabbing up the bonuses, but the process isn’t difficult.


If you’re looking to make a move anyway, getting paid a little for the effort is better than not being paid.


Some brokers may charge you to leave, which is something you’d be paying anyway, so hopping around may reduce your returns from the bonus perspective.


If you are creating new taxable brokerage accounts, the bonuses will be reported as income and you will have to claim them on your taxes as income.


If you are creating retirement accounts, like an IRA, the bonuses are going into those accounts so you won’t owe taxes on them immediately. For traditional iras, you’ll just be taxed when you start taking distributions. Roth iras will never be taxed. For each account, review the terms and conditions to see how the brokerage is treating it and you’ll know for certain.



Brokers that gives bonus


5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.


Deposit bonus – A bonus on funding a live account. The bonus credited on percentage of the deposit amount.


No deposit bonus – free bonus on account registration for the new clients to trade live without any risk.


Tradable bonus: A deposit bonus that can be lost and traded as the part of your trading equity.


Volume bonus – most common type of deposit bonus, it allows you to increase your trading volume. Often the bonus can be cashed on trading lot requirement.


Forex gift – A gift for the clients for completing certain requirements, everything from bonus to latest gadget


Freebies – free stuff by forex brokers like ebook, courses, trading materials etc.


Rebate – cash-back withdrawable bonus on each lot traded.


Demo contest – contests held on demo account, win cash/tradable money with no-risk involve!


Live contest – contest held on live account, deposit requires. Win bigger cash/prizes.


Refer – a-friend– refer your friend to your broker, when your friend deposit you will get a special bonus


Free signals – get free trading signals from the broker.


Free VPS – get access to an optimized forex virtual private server for free on maintaining a certain amount of trading balance.


Binary options – binary bets trading on forex instruments


Forum posting: get a small trading bonus for each of your post in forms.


3 affiliate IB: receive a commission from your fellow traders, specially design for the marketers.


Draw bonus: the winners chosen by a draw


Seminars webinars: find the schedule to participate in the online/offline events.


Expos events: inviting to attend the forex events & expos globally.



South african forex no deposit bonus offers from trusted brokers


If you’re out there looking for a new forex broker to deal with, you might want to start considering working with one that offers a very beneficial bonus for trading with them. Though you might not be aware of what a forex bonus is, in which case, let us discuss the concept with you and explain why forex bonuses are some of the best and worst things south african forex broker or any other broker might offer.


The idea behind a forex no deposit bonus is simple: to attract new customers. There are many types of forex bonuses and all of them are there to attract new traders to a platform. Whether this is a welcome bonus forex broker offer or some kind of bonus received after trading a certain amount, there is no question about it, it is always there to attract a new customer. Some brokers might offer more than others and some scams might use bonus offers as a way to attract new victims, but there is always a way to find out what the intentions of the company are. I believe bonuses to be a blessing, simply because they give you more money to work with and a chance to generate more income, but I also cannot shed a feeling that they are a curse. A curse, since a bonus might make you think that it is okay to take a risk you should not be taking because the money isn’t yours, which results in more money being lost than you should have.


Though let’s get over the philosophical deliberations over what the dangers and advantages of a forex bonus are and get into the thick of it: how do you go about getting some sweet, sweet bonus money on your forex account?


5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.











5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.






5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.
What is a no deposit bonus?


First, let us explain what exactly no deposit welcome bonus is and how does it work. Unlike deposit bonuses, the no deposit bonus is usually the one that most traders are looking for in a new FX broker to work. These no deposit bonuses are welcome bonus forex brokers like to offer the least of. S outh african forex brokers with no deposit bonus will usually offer no more than 400 rand, but it will still be a significant benefit to a trader who knows what they are doing. For experienced traders, a no deposit bonus is like a free, no risk capital that can be spent on experimental currency pairs to see the results. If the capital is lost, it doesn’t mean much, but if it has returned, then the results are positive and indicate that further trading might be a good idea. The bonus can also be a nice piece of bait for the industry newcomers, who do not know which broker to start working with. While this is not a problem if you end up with a good broker, the danger of starting to trade with a scammer or a brokerage that trades against you is very real.


On the other hand, the no deposit bonus forex is also one of the best ways to start trading for a beginner trader. The cause for this is simple – new traders, with little experience, are too afraid to invest real money into forex trading. Many of them spend time working on demo accounts, trying to figure out how the market works. While a respectable endeavor, it is a limited one – a simulated market is not capable of showing the full spectrum of problems that perk up on the real market. This is why a nice no deposit bonus is a good way for a trader to move onto the market without risking their real money on the market.


How to find the best south african forex bonus


Where do you go about looking for F orex brokers with no deposit bonus offers, and how do you find them? That question is one that has bothered many before. If you are new to the industry or are simply looking for a new way to make money within it, a bonus is definitely something you might want to look into. But where?


The best forex bonus is one that is found quickly, easily applied for and easily received. To find such a bonus, all you need to do is check with a forex broker. Most international forex brokers and most south african forex brokers no deposit bonuses get updated during certain times of the year. These times are usually specific seasons when these brokers have had a certain surplus in revenue that they can reallocate towards further increasing their user base. Usually, these become welcoming bonuses for new customers and traders, encouraging them to sign up and deposit money to receive the bonus. Finding such a bonus is not that tough. All you have to do is look at the website of some of the brokers that you might be interested in. If they are offering a welcome bonus, they will usually have it promoted on their home page. If such a promotion is not present on the page, then it is probably not being offered currently.


If you can’t find a bonus with a company that you would like to work with, you might want to find and sign up for their newsletter. Brokerages usually have promotional offers for their clients, those who have signed up for their newsletters or subscribed to their social media platforms. This is where you might find nice south african forex brokers with bonus offers or some kind of alternative bonus program that might interest you.


5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.

Better safe…


Though be careful! The hard part of the process is not finding a forex bonus. Forex bonuses are usually offered in droves, and simply searching the words on google will result in a whole bunch of results on the subject. The real complicated part of the process is identifying which of these are legitimate offers and which are simple bait to attract you and then never provide you with the bonus. Whether it is a scam or an unscrupulous broker trying to attract you to trade with them, it is important to consider what kind of reputation the broker has in the south african forex broker community.


Knowing what forex bonus to pick with a south african broker


The process of choosing what bonus to pick with what broker can be a complicated one. If it is not a complicated process for you, you are not doing it right. The thing is, you have to do a lot of research before choosing to trade with a forex broker. Think of it this way, if you were making an investment into a building, that as a bonus offered you to install a pool free of charge, would you not make sure that both the house and the pool are of good quality? Would you not make sure that you are getting what you paid for?


The same goes for south african F orex brokers offering no deposit bonus . You should not invest simply because you are looking to make some free cash, but also because you believe the company to be trustworthy. All south african FX brokers offer some kind of benefit for investing with them, but not all of them offer the same kind of quality of service or reputation. A bonus and broker choice should go together and should be done with great care.


Just consider this: one forex broker is offering a no deposit bonus of 2750 rand as long as you start trading with them, while the other is offering a 350 no deposit bonus. Which company would you start trading with? If you are anything like me five years ago, you will be thinking that the first option sounds pretty good. In fact, it sounds a little too good. While the information provided is not enough to decide whether a company is trustworthy, one thing is true: if something sounds too good to be true, you need to make sure it is not a lie. In some cases, companies will make great promises, only to do their best to not deliver on them. The better the premise sounds, the more likely the broker is to not deliver on it. They might give you the promised money and you make more money off of it, but they will simply block you from withdrawing the money. Or they might make the promise of the bonus once you deposit some cash, but you end up never receiving the bonus and have a hard time withdrawing the money you deposited with them. Whatever it is you do, you need to know why you are picking whatever you are picking.


Something else you need to consider: what kind of terms and conditions they have for their bonuses. Usually, a broker, whether it is a south african FX brokerage or otherwise, will have some terms and conditions attached to the bonus. It might be a no withdrawal policy unless you deposit a certain amount, or unless you make a certain amount of money off of the bonus. It could be that you need to complete certain actions to be able to receive the money. It is important to know these, so you can intelligently apply and gain benefit from the bonus.


Finally, it is important to know the general no deposit bonus withdrawal conditions, associated fees and other possible money related conditions that a forex brokerage might have. If the brokerage has a nice bonus, but does not offer an agreeable spread system, has commissioned or has other aspects that you do not find to be agreeable to you, it is not recommended to try and get the bonus from the broker. Make sure to check if the broker is offering F orex no deposit bonus without verification, this should raise your suspicions and validate more research.


5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.
How to avoid south african scam forex brokers and scam bonuses


The way to avoiding the scams we have mentioned so many times up to this point is simple: do your research and know the signs. While this might seem like a complicated and time-consuming process, it is an important one nonetheless. Just like with any other kind of investment activity, you need to know what you are doing, and need to know that your money is safe. This is why you need to research the forex trading scams and treat all others with suspicion. If a broker has an underdeveloped and ugly website, is promising something that might seem too good to be true and has many negative broker reviews online, it might be a good idea to abstain from investing with them, as they are most likely to be either a scam or a very unscrupulous company. Here is a quick checklist of red flags to look for:



  • If their website is underdeveloped or badly optimized

  • If they are offering bonuses that seem unrealistic

  • If they are not licensed by any regulatory body

  • If they do not respond to chat, emails or calls

  • If they have bad reviews on official websites, as well as user reviews

  • Or if they have demonstrated any suspicious activity



These red flags should provide you with enough evidence to decide against investing with a company, despite the amazing bonuses they may offer. We have provided a number of reviews of good and bad forex brokerages in south africa on our page that you can take a look at. Those should be able to help you understand what the best forex broker qualities are and how to choose the best south african broker offering no deposit bonus.



Best no deposit bonus forex brokers 2021


The brokers below represent the best no deposit bonus forex brokers.



Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


Cysec, FCA, FSA(SC), FSCA, labuan-fsa


Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.



Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.


Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.



Your capital is at risk


Ctrader, MT4, MT5, proprietary


Dealing desk, ECN, market maker, no dealing desk, STP


Your capital is at risk



Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.


Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.


Note: not all forex brokers accept US clients. For your convenience we specified those that accept US forex traders as clients.


Tickmill



Regulated by: cysec, FCA, FSA(SC), FSCA, labuan-fsa


Headquarters : 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ.


Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


Tickmill was founded in 2014 and is regulated by the UK financial conduct authority (FCA), the cyprus securities and exchange commission (cysec) and the seychelles financial services authority (FSA).


The broker provides more than 80+ CFD instruments to trade on covering forex, indices, commodities and bonds through three core trading accounts called the pro account, classic account and VIP account. They also offer a demo trading account and islamic swap-free account.


GO markets



Regulated by: ASIC, cysec


Headquarters : level 22, 600 bourke street, melbourne, VIC 3000, australia


Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.


Australian brokers are definitely making a name for themselves in the trading arena as some of the most reliable, intuitive and forward thinking firms around. This broker is no different with a wide variety of tools, assets and reasonable trading conditions.


GO markets pty ltd an ASIC regulated broker has been in operation since 2006. The head office is located in melbourne, australia. With over a decade of experience, GO markets has grown to become a leading broker with a huge client base from over 150 countries. GO markets offers forex, share cfds, indices, metals and commodities for trading on the MT4 and MT5 trading platforms.


Roboforex



Headquarters : 2118 guava street, belama phase 1, belize city, belize


Your capital is at risk


The roboforex brand is operated by the roboforex group, and is located in belize. Roboforex began operations in 2009 and has grown in size and capacity. The brand offers over multiple trading instruments which include forex, stocks, indices, etfs, commodities, energies, metals and cryptocurrencies.


They also offer cutting edge platforms. Roboforex boasts of over 800,000 clients from 169 countries. They are both a dealing desk and non dealing desk broker offering ECN and STP trading accounts through their platforms. This means a different payment model to you the trader eg. Lower spreads for ECN accounts with some commissions to pay.


*leverage depends on the financial instrument traded and on the client’s country of residence.


Axiory



Headquarters : no.1 corner of hutson street and marine parade belize city, belize


Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.


Axiory was founded in 2012 and is a trading name of axiory global ltd which is authorised and regulated by the international financial services commission (IFSC) of belize. The broker segregates client funds from their own and offers negative balance protection. The company is also audited by pricewaterhousecoopers and is a member of the financial commission.


Users can choose from three types of trading accounts called nano, standard and max to trade on 80 different markets covering forex and cfds on indices, energies, stocks and metals. Axiory offers maximum leverage of up to 1:500 and also provides access to islamic swap-free accounts and a demo trading account. Users can also access data regarding execution times and slippage distribution for even more transparency.


What is a no deposit forex bonus?


A no deposit forex bonus is a cash award that is deposited by the broker into the forex trader’s account, without requiring an initial deposit into the trading account by the trader.


Just like the deposit bonuses in forex (which require you to deposit first), the no-deposit bonus is used strictly for trading purposes and can only be withdrawn from the account on fulfillment of the broker’s trade volume requirements.


Typically, the no-deposit forex bonuses are not as large as the deposit bonuses. They range from between $10 and $200, depending on the broker. They are actually meant to introduce new traders into the world of real money trading and are not meant to be used for profit-oriented trading. Think of it as a form of live, real money practice account where you keep all the gains. If you lose money, you have lost nothing.


What should I do to get my bonus?


Most of the no-deposit forex bonuses in the market can be obtained as exclusive offers through affiliate partners of the forex brokers that offer them. The forex brokers who award the no-deposit forex bonuses directly are typically in the minority.


What is the difference between no deposit bonuses and deposit bonuses?


No-deposit forex bonuses do not require an initial deposit into the trading account before they are awarded. This factor distinguishes the no-deposit forex bonus from deposit bonus, which like the name implies, requires a deposit from the trader before it is awarded.


No-deposit forex bonuses are smaller in size as they mostly serve for live account practice.


What other bonus and promotion types do brokers offer?


Other bonuses and promotions may be given out by brokers occasionally.



  1. The cashback is the commonest bonus which a trader can get. Although this requires that some previous deposit would have been made by the trader, cashbacks are a good way to earn back any money that has been lost in previous trades. These are provided by brokers automatically without requiring further deposits.

  2. Trade contest awards do not require a previous deposit. You can participate in various trade contests on broker platforms for a share of the prizes. Cash prizes are usually awarded to traders as a no-deposit bonus. All you need is to ensure your account KYC documents are in place and you can claim your award if you win.

  3. Some brokers provide traders with tools they need to trade with on fulfillment of certain conditions such as attaining certain trade volumes within a specified time frame.



Conclusion


Are you looking for the best no deposit bonus forex brokers for 2017? Here we show a list of these brokers which we have compiled after careful evaluation of various candidates. Ensure you use the no-deposit forex bonus wisely and use it to enhance your live account trading experience.



The 14 best brokerage account promotions and bonuses for 2021


Updated january 21, 2021


Some links below are from our sponsors.


This blog has partnered with cardratings for our coverage of credit card products. This site and cardratings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author's alone and have not been reviewed, endorsed or approved by any of these entities.


As an amazon associate, I earn from qualifying purchases. More information


Are you looking to open a new brokerage account to manage your portfolio of investments but aren’t sure which one?


Many online investment platforms compete for business by offering new account promotions based on the assets you can transfer to their platform. While promotions shouldn’t be the only consideration, these promotion/bonus amounts are too hard to look past.


There are a range of bonuses listed below, whether you have an established portfolio and looking to transfer stocks, or starting new.


Continue reading to review the best brokerage account promotions for new accounts.


Our top picks:


Webull – 4 free stocks worth up to $1,600


Webull is a free trading app from webull financial. They are a brokerage based out of new york city and regulated by FINRA, you can look them up on brokercheck. We have a full review of webull and their offer here.


For new signups, open and fund an account with $100 and they will give you 4 free stocks worth up to $1,600. They have no fees and no account minimums so it’s truly free stock.


Robinhood – free share of stock



Robinhood is a relatively new brokerage that will give you a free share of stock when you open an account. There are no other requirements of the offer, you just need to open an account. No deposit, no transfer, no nothing. You can read more about the free share of stock promotion here.


Ally invest – up to $3,500



Ally invest is the online brokerage account I use because they offer free trades (U.S. Stock, etfs, and options) with no minimums and monthly balance requirements. I have an ally bank account so managing it all with one login is convenient too. I wish I would’ve taken advantage of their new account bonuses for transfers because it’s one of the most generous, here is the schedule based on how much you deposit within 60 days of account opening:


Here is the ally invest bonus structure:


Deposit or transfer
amount
your bonus
$10,000 – $24,999$50
$25,000 – $99,999$200
$100,000 – $249,999$300
$250,000 – $499,999$600
$500,000 – $999,999$1,200
$1,000,000 – $1,999,999$2,500
$2,000,000 or more$3,500


They will also credit transfer fees if you move your account from another brokerage – up to $150 ACAT fee reimbursement.


NVSTR –



NVSTR has a referral program where you can get up to $1,000 (but at least $10) when you sign up. The referring customer gets $10 to $1,000 too – and it’s a limited time offer. If you’ve never heard of them before, our NVSTR review can get you up to speed.


The only requirement is that you make one trade within a year and you can keep the bonus. There are no other requirements for the new account bonus.


There is also a deposit bonus. For a limited time, after you open your account, you can get a bonus based on what you deposit. You need to maintain this amount for one year to keep the deposit bonus.

5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.


Tastyworks


Tastyworks will give you 100 shares of a “highly liquid stock” when you open and fund a new cash or margin account with $2,000. The shares will be selected at random from a list of eleven stocks priced between $1 and $6, so you can get anywhere from $100 to $600 in this promotion with a stated average bonus of $200 – $220. There is a 70% chance of getting a stock priced under $2 and a 30% chance of getting a stock priced over $2.


You must keep the initial value of the stock, less any loss in value, in the account for a minimum of three months.


The referral/promotion code for this offer is “STOCK_AWARD_20” and you must put it in the referral code field when applying.


Sofi invest – $50


Sofi invest is the brokerage arm of sofi, the student loan refinancing company. They’ve recently branched out into other areas, including sofi money (banking), and they are now offering a $50 bonus if you sign up and deposit at least $25.


With sofi invest, you can manage your portfolio (active investing) or go with a roboadvisor approach (auto investing). With active investing, you can invest in stocks, cryptocurrencies, and etfs without paying a trading commission.


For a limited time, get $50 in stock from sofi invest if you sign up with a referral link and deposit at least $1,000. There’s no trading requirement.


Betterment


Betterment is one of the largest and most respected robo-advisors, you can see our review of betterment for a closer look at their service.


For new accounts, they will waive the management fee of 0.25% depending on how much you transfer:



  • Deposit $15,000 – $99,999, get 1 month managed free

  • Deposit $100,000 – $249,999, get 6 months managed free

  • Deposit $250,000+, get 12 months managed free



Citi personal wealth management


Citi personal wealth management has a juicy bonus offer when you transfer new-to-citibank funds within 2 months of opening an account. You also will need to enroll in e-delivery of statements and then keep those funds in the account through the end of the next month (or three months after the month of account enrollment). Bonus will be credited three months after you meet the maintenance requirement.


Here’s the citi bonus transfer schedule:



  • Fund with $50,000 – $199,999 – $500

  • Fund with $200,000 – $499,999 – $1,000

  • Fund with $500,000 – $999,999 – $1,500

  • Fund with $1,000,000 – $1,999,999 – $2,500

  • Fund with $2,000,000 or more – $3,500



Merrill edge – up to $600


Merrill edge, a bank of america company, will give you up to $1,000 if you open a new merrill edge account using the offer code 600ME. You just need to transfer your funds within 45 days, maintain that balance for 90 days, and you will get the cash bonus in 2 weeks. This bonus applies to individual merrill edge iras or cash management accounts, which is what they call their taxable brokerage accounts.


Here’s the merrill edge bonus transfer schedule:



  • Fund with $20,000 – $49,999: $100

  • Fund with $50,000 – $99,999: $150

  • Fund with $100,000 – $199,999: $250

  • Fund with $200,000+ $600



If you are a preferred reward client, you may get up to $900 with this alternative offer.


Charles schwab – up to $500



Charles schwab will give stock plan services clients a bonus of up to $500 when you open a new account and transfer in new funds with 45 days. If you are not a stock plan service, they won’t give you this promotion (they will even let you apply and enter in a promotion code, but they won’t give you the bonus).


Here’s charles schwab’s bonus transfer schedule:



  • Fund with $10,000 – $24,999: $100

  • Fund with $25,000 – $45,999: $200

  • Fund with $50,000 – $99,999: $300

  • Fund with $100,000+ $500



Update: I have received reports from readers that you don’t get cash but instead get “trade credits” which can be used to pay the commission for trades. If you are considering this offer, call to confirm the details.


E*TRADE – up to $2,500



When I think of new account promotions, I think of E*TRADE. For years, they had an offer where you could get up to $3,000 (if you had over a million dollars in assets to transfer!) and 60 days of free trades if you open a non-retirement brokerage account.


With the recent rush of brokerages offering free trades, the promotion is now just cash.


You can find the full details here but this is the offer:



  • Deposit $5,000 – $9,999, get $50 cash

  • Deposit $10,000 – $19,999, get $100 cash

  • Deposit $20,000 – $24,999, get $150 cash

  • Deposit $25,000 – $99,999, get $200 cash

  • Deposit $100,000 – $249,999, get $300 cash

  • Deposit $250,000 – $499,999, get $600 cash

  • Deposit $500,000 – $999,999, get $1,200 cash

  • Deposit $1,000,000 or more, get $2,500 cash



Fidelity – promotion [expired]



Fidelity doesn’t offer any cash bonus right now and their last promotion, for free trades, no longer applies as they’ve made many trades commission free.


This offer has expired. We will update it when fidelity issues a new promotion.


Tradestation – $100 [expired]


Tradestation has a “cash madness” promotion where you can get $100 when you open and fund a tradestation securities account with $500 or more. All you have to do is open a new tradestation securities account using the offer code ZINGAFOG, deposit at least $500 within thirty days of opening your account, and then maintain the balance for one month after the funding date.


The promotion expired on july 1st, 2020. We will update this section when a new promotion arrives.


Frequently asked questions


Here are some frequently asked questions about bonuses and the brokerage transfer process.


Almost every brokerage firm supports ACATS, which stands for automated customer account transfer service, which lets you transfer your assets “in-kind.” this means that your holdings are transferred without you having to sell them (and create a taxable event). If you have big unrealized gains in a stock, the shares just get moved over without you having to sell them and you keep the same cost basis.


You may run into hiccups if some items can’t be transferred. One common example is vanguard admiral shares of their mutual funds. Some brokerages will take them, others won’t. In these cases, you may have to transfer them to another asset type (like the ETF version), which will accept them.


ACATS does take a week or two to complete the transfer.


I don’t think it’s worth switching from broker to broker, grabbing up the bonuses, but the process isn’t difficult.


If you’re looking to make a move anyway, getting paid a little for the effort is better than not being paid.


Some brokers may charge you to leave, which is something you’d be paying anyway, so hopping around may reduce your returns from the bonus perspective.


If you are creating new taxable brokerage accounts, the bonuses will be reported as income and you will have to claim them on your taxes as income.


If you are creating retirement accounts, like an IRA, the bonuses are going into those accounts so you won’t owe taxes on them immediately. For traditional iras, you’ll just be taxed when you start taking distributions. Roth iras will never be taxed. For each account, review the terms and conditions to see how the brokerage is treating it and you’ll know for certain.



Best broker promotions, deals, and bonuses of 2021


Modified date: january 20, 2021


Below is a list of 8 brokerage firms and their promotions, deals and bonuses. It’s up to you to decide which is the best offer for your particular situation, so we’ve listed them in alphabetical order for you to peruse. Enjoy!


Compare best brokerage promotions


Ally invest


Ally invest is currently offering a terrific cash promotion where new account holders can earn up to $3,500 when signing up. Details are as follows.



  • Up to $3,500 cash bonus – depending on how much money you have available to deposit, ally invest is prepared to give you a cash bonus of up to $3,500 on top of your deposit.

  • To qualify, accounts must be funded within 60 days of account opening. The qualifying deposit to open the new account must be made from outside ally invest. To receive the minimum cash bonus, you must invest a minimum of $10,000. This minimum must remain in the account (minus any trading losses) for a minimum of 90 days from the date of funding.



Robinhood


5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.
Robinhood is an excellent platform for both new and experienced traders. Their app is easy to use, offers quick navigation to current news, and makes trading super simple. And right now, when you sign up for a new robinhood account, you’ll get one free stock added to your account.


Once you sign up and open the app, you’ll click the link to get a free stock. From there, robinhood will add one share of free stock to your account at random. The value of the share you receive may be anywhere between $2.50 and $200, and fluctuates based on market movements. You’ll be able to keep the stock or sell it after 2 trading days. Check out our full robinhood review to learn more.


Betterment


5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.
Betterment is one of our favorite robo-advisors right now. And if you sign up, you can receive up to 12 months of free service from betterment. As long as you have an initial deposit of $15,000 or more.


There are tiered levels for free bonus management, which as a reminder, will wipe away the 0.25% management fee that betterment normally charges. And you have to deposit this money within 45 days after you sign up for an account. The offer is only available to U.S. Residents.


The current tiers are as follows:



  • $15,000 to $99,999, one month free

  • $100,000 to $249,999, six months free

  • $250,000 or more, one year free



So in order to get the full year free, you have to deposit at least $250,000 to your account. However, that’s a substantial savings when you consider even the 0.25% management fee. Make sure to check out our full betterment review for more information.


Charles schwab


5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.
In addition to regular low stock trading fees of $8.95 per trade, charles schwab is currently offering 500 commission-free online trades for an entire year. The offer includes quarterly one-on-one check-in sessions with a trading coach over the course of the year.


In order to qualify, you need to open a new account and make a net deposit of $50,000 or more. The deposit must be made within 45 days of opening the new account.


Fidelity investments


5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.
Fidelity investments already offers an attractive investment platform with regular stock trades at $7.95 per trade. But they are also offering a free trades bonus with both regular accounts and iras. The offer is open to both new accounts and new deposits into existing accounts.


Fidelity investments also uses a sliding scale but only two tiers for free trades



  • $50,000 – $99,999 deposit – 100 free trades

  • $100,000+ deposit – 200 free trades



The offer is open to both new and existing account holders. You must designate an existing eligible fidelity brokerage IRA or brokerage account or open and fund a new eligible fidelity brokerage IRA or brokerage account. The bonus will be calculated on net deposits into the qualifying account over a 60-day period from the time of registration.


Firsttrade


Firsttrade is offering up to 500 commission-free trades for 30 days. Eligibility rules require you to open a new account and deposit at least $2,000 into it within 30 days of opening. That’s on top of their already low stock trading fee of $6.95 per trade.


They are also offering cash bonuses for larger deposits, in addition to 500 commission-free trades for 30 days:



  • 500 free trades on $2,000 minimum deposit

  • $100 bonus + free trades on deposits between $25,000 and $49,999

  • $200 bonus + free trades on deposits between $50,000 and $99,999

  • $300 bonus + free trades on deposits over $100,000



The account must remain open for 12 months with the minimum funding or assets required for participating in the offer. If not, firsttrade may charge the account for the cash and commission credits awarded to the account. Qualified IRA account holders must also have a brokerage account with firsttrade to receive cash rewards.


Firsttrade does disclose that they will issue a form 1099 on bonuses paid of $600 or more during the calendar year.


Firsttrade is also offering to rebate up to $200 in transfer fees if you transfer at least $10,000 from another brokerage firm.


Merrill edge


5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.
Merrill edge is offering 300 no-fee online trades when you open up a new account with them (the normal trading fee is $6.95 per trade). The free trade offer applies to trades on both stocks and etfs.


Along with the free trades, they are also offering the following bonus schedule:



  • $20,000 or more, $100 bonus

  • $50,000 or more, $150 bonus

  • $100,000 or more, $250 bonus

  • $200,000 or more, $600 bonus



On the surface, this doesn’t look as generous as the previous broker bonuses, but on closer inspection, you’ll see that the $600 kicks in at $200,000, while the others all require $250,000 to get the same bonus money.


The offer applies to new accounts only. You must make a qualifying deposit to your new account within 45 days and maintain the deposit for a minimum of 90 days. Like firsttrade, merrill edge confirms that they may issue a 1099 on the cash bonus.


5 Broker Deals That; ll Pay You to Open an Account, brokers that gives bonus.
USAA is offering 50 free trades.


To be eligible the trade must be an equity security, 1,000 shares or less, priced greater than $1, and placed through a self-service channel. Options are not subject to the free trades. After 50 free trades or 90 days (whichever comes first) the account will revert to your gold or platinum fee schedule, depending on asset and activity levels. The offer is good through december 31, 2015.





So, let's see, what we have: open an account with one of these brokers and you will get a bonus. Just be sure it's the right account for your needs. At brokers that gives bonus

Contents of the article




No comments:

Post a Comment

Note: Only a member of this blog may post a comment.