Best Stock Broker Promotions. Brokerage Offers, Bonuses And Deals To Open New Account In 2017.


Discount online stock broker offers, incentives, bonus codes for clients opening new account or moving account from a different firm. 2017 best brokerage promotions: $600 cash bonus, free trades deals, and investment account transfer fees returns.





TD Ameritrade rating

TD Ameritrade



TD Ameritrade


Link: Trade free for 60 days + get up to $600.

Disclaimer: click for details

Read TD Ameritrade review




M1  rating

M1 Finance



M1 Finance


Link: Get your first $1,000 managed absolutely FREE!

Disclaimer: click for details

Read M1 Finance review




Ally Invest rating

Ally Invest




Ally Invest


Link: Get a $100 cash bonus or $500 in commission-free trades with Ally Invest.

Disclaimer: click for details

Read Ally Invest review




Tradestation rating

TradeStation



TradeStation


Link: Get $5 per trade stock and ETF commissions. $4 per trade for IRAs.

Disclaimer: click for details

Read TradeStation review




Fidelity Investments rating

Fidelity



Fidelity


Link: Get 500 free trades with $100,000+ deposit.

Disclaimer: click for details

Read Fidelity Investments review




Capital One Investing rating

Capital One Investing



Capital One Investing


Link: Get $50 for opening new Capital One Investing account with $5,000 or more.

Disclaimer: click for details

Read Capital One Investing review




Charles Schwab rating

Charles Schwab



Charles Schwab


Link: Make $100,000 deposit and get 500 commission-free online equity and options trades.

Disclaimer: click for details

Read Charles Schwab review




Firstrade rating

Firstrade



Firstrade


Link: Up to $300 Cash Rewards + 500 Free Trades.

Disclaimer: click for details

Read Firstrade review





About Broker Promotions


Below is a list of the current online discount broker promotions being offered by the various brokerage firms. Due to regulations, a number of these deals are valid only for U.S.-based customers looking to open a new brokerage account.

Please read the details of each offer carefully; some of these offers are not valid for retirement accounts (IRAs).

The most popular types of online broker promotions for 2017 are the following:

- Free Trades: As an incentive to sign up, brokerage companies are offering new clients free trades. The number of free trades range from 3 to 500, and typically must be used within a specific timeframe (i.e. 30, 60, or 90 days).

- Cash Bonuses: Another type of incentive is free cash in exchange for signing up with the brokerage firm. Some firms provide cash bonuses, but do require the account to be funded with specific amounts. These bonuses can range from $25 to $600, with Scottrade offering the highest bonuses. Be sure to read the fine print as these bonuses may be available for existing customers.

- Account Transfer Rebates: Brokerage firms will often reimburse customers for the fees imposed by the client’s old broker for transferring the account. When transferring an account, the client will often incur an account transfer fee (i.e. ACAT fee). These fees may be reimbursed by the new broker; Scottrade and Ally Invest offer Account Transfer Rebates.

Less popular forms of incentives and rewards include gift cards (i.e. Apple), merchandise (i.e. Kindle Fire, computer monitors), free or heavily discounted subscriptions to popular investment magazines, websites, or newsletters.

There are a number of great deals available for the trader or investor looking to open a new brokerage account. However, it is important to remember that it is the service, fees, and reliability of the broker that are most important. Be sure to research brokers carefully by reading high quality reviews from various sources and compare a few different brokers before deciding which one is the best for you.




 

All Online Broker Promotions


Brokerage Rating Stock Fee New Account Promotion
Ally Invest
Ally Invest rating

$4.95 Get a $100 cash bonus or $500 in commission-free trades with Ally Invest.
TD Ameritrade
TD Ameritrade rating

$6.95Trade free for 60 days + get up to $600.
Capital One Investing
Capital One Investing rating

$6.95Get $50 when you open new non-IRA account at Capital One Investing.
Charles Schwab
Charles Schwab rating

$4.95Make $100,000 deposit and get 500 commission-free online equity and options trades.
Choicetrade
Choicetrade rating

$5None
Cobra Trading
Cobra TRading rating

$7.50None
Etrade
Etrade rating

$6.95 At E*TRADE, get $6.95 trades + 65₵ per options contract.
Fidelity
Fidelity Investments rating

$4.95Get 500 free trades with $100,000+ deposit.
Firstrade
Firstrade rating

$4.95Up to $300 Cash Rewards + 500 Free Trades.
Kapitall
Kapitall rating

$7.95None
Merrill Edge
Merrill Edge rating

$6.95Get up to $600 when you open new Merrill Edge account with at least $20,000.
Motif Investing
Motif Investing rating

$4.95None
Muriel Siebert
Muriel Siebert rating

$14.95None
Scottrade
Scottrade rating

$6.95Trade free for 60 days + get up to $600.
Sogotrade
Sogotrade rating

$5None
TradeStation
Tradestation rating

$5 Get $5 per trade stock and ETF commissions. $4 per trade for IRAs.
TradingBlock
Trading Block rating

$7.50None
USAA
USAA rating

$8.95None
Vanguard
Vanguard rating

$7-$20None
Wellstrade
Wellstrade rating

$5.95None



Brokerage Free Trades Promotions Comparison


Right now many online brokerage firms offer promotions or incentives for investors to lure new customers on to their site. These can be anything from free trades to free cash for opening an account or promotions for referring a friend to the site. Below are descriptions of promotions offered by some of the best known online brokerage firms on the market.


TD Ameritrade


Who doesn’t love free cash? TD Ameritrade is luring investors away from other brokers by offering free trading along with a cash bonus. The account minimum for 60 days of commission free trading is only $2,000. However, in order to receive the cash bonus, brokerage accounts must be funded with much higher minimums in a tiered system. In fact, to receive a $500 the account must be funded with upwards of $250,000 in capital. Lastly, the account must be opened for at least 9 months or TD Ameritrade has the ability to retroactively chargeback the account for the cost of the cash awarded.

Analysis: The $2,000 minimum for funding an account is significantly less than other broker promotions. In the case of TD Ameritrade that will get you only 60 days of free trading, as opposed to the 90 days free incentive that some other brokers offer. The cash bonus is enticing on the surface, but unless an investor is well entrenched in the upper class, they will not have enough capital to qualify.


Etrade


Going with a similar theme as the rest of the brokerage promotions on this list, Etrade is offering free trading for opening an account. The minimum account balance must be $10,000 funded within 60 days of opening the account and there is a limit of 500 free trades for the 60 day period. With Etrade’s $6.95 standard stock trading fee, this can result in a savings of up to $2,500. The $600 in free cash will only come when depositing over $250,000 in to a new account, but a more reasonable $200 bonus can be obtained with a deposit upward of $25,000.

Analysis: The brokerage free trade bonus has the highest minimum deposit of the bunch at $10,000. On the flipside, a free $200 for a $25,000 deposit is the best cash bonus seen thus far and a 500 free trade limit is quite high compared to other brokers.


Updated on 10/18/2017.





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