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 broker incentive carefully; some of these offers are not valid for
IRA accounts.
The most popular types of online broker promotions for 2025 are the following:
- Free Stocks: As an incentive to open new account, online brokers are offering new customers
free stocks.
- Cash Bonuses: Another type of promotion is free cash in exchange for opening up the brokerage account.
Some broker dealers provide cash bonuses, but do require the account to be funded with certain amounts. These online
broker bonuses can range from $20 to $15,000, with M1 Finance offering the highest brokerage bonus. Be sure to
read the fine print as these bonuses may be available for existing customers.
- Account Transfer Rebates: Brokerage houses will often cover clients for the fees imposed by the
client’s old brokerage firm 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 covered by the new firm; Firstrade 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 attractive stockbroker deals available for the 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
M1 Finance
M1 Finance brokerage is offering more than just investing in Pies. The brokerage firm is advertising cash bonuses for opening a new account with a minimum level of funding, which can be accomplished with a deposit or transfer.
The new account bonus is $30 and requires a deposit of $1,000. The transfer bonus is a little higher
at $40 but needs an old account value of at least $10,000. If you have $2 million account to move
into a new M1 account, the firm will spot you a very attractive $5,000.
Webull
Webull is trying to bring stock trading to the masses. Not only does it provide $0 commissions, it is now literally giving shares of companies away. New customers who open a Webull account are eligible to receive one free stock (valued between $2.50 and $250). They simply need to open the account.
New clients who actually fund a new account (with at least $100) will get a second free stock. This one is worth between $8 and $1,600.
Although this is a very generous offer, it is only valid for taxable accounts. IRAs are not
eligible.
If you need to transfer an account into Webull and incur a transfer fee, Webull will cover that, too. Webull is hard to pass up!
Robinhood
True to its name, Robinhood is handing out free stock to the public. You don’t even need to fund this
account. Just open a new Robinhood account and link your savings or checking account, and you’ll get one
free stock (up to $221 in value, although most stocks will be valued at $10 or less).
You need to claim your free stock within 60 days by tapping on the Get Free Stock offer link inside the Robinhood mobile app.
Public
Public is trying to simplify stock investing to such an extent that it’s giving shares of stock away.
That’s pretty easy. To qualify, just enter your mobile number on the firm’s incentive page and
download the Public app. After your account is approved, you will receive a free stock from Public.com, up to $20. The value of any free stock must remain in the new Public account for a minimum of 90 days.
Charles Schwab
Talk to Chuck. Seriously, you should. If you do, you could get a nice cash bonus from this broker.
All you need to do is open a new investment account (this will cost you absolutely nothing) and
deposit $25,000 or more. The minimum funds deposit can be either securities or cash, so you could simply
transfer an existing brokerage account into Schwab if you wish. The required level of deposit must be
sent within 45 days. The cash bonus will be $100 for a $25,000 deposit balance, $300 for $50,000, or $500 for $100,000.
Tastytrade
If you have friends or family members who are interested in trading stocks, options, futures, or
cryptocurrencies, you could earn some extra cash for referring them to Tastytrade. The broker is
offering $75 for each person you refer to them. Just use referral code SFEEQVB7CV.
Find Financial Advisor
If you need some assistance managing your finances or picking winning trades, maybe it’s time for professional help. SmartAsset has a user-friendly online tool that can help you find an investment advisor capable of delivering some guidance on achieving your financial goals. SmartAsset’s online form will lead you step-by-step through a series of easy questions about your current financial life and then recommend a few advisors in your local area that match up with your profile. Besides answers to the online form’s questions, you will need to supply your first and last names plus an email address.
Firstrade
Firstrade may not be first on this list, but don’t let that fool you: this broker is for real. Besides $0 trades on equities, mutual funds, and options, the firm is handing out free stocks to encourage investors to give the broker a try.
Simply open an account using this link and you’ll receive one share of stock for free (valued between $3 and $200, although the vast majority of free stocks are worth less than $10). The broker chooses stocks that have been popular among Firstrade customers in the preceding quarter. The exact stock will be chosen randomly by a software program. One of out every 100 stocks will be either Apple, Boeing, or AMD.
If one stock isn’t enough for you, Firstrade will give you another for depositing or transferring
at least $100 within 30 days of account opening. Awesome deal.
Zacks Trade
If your current broker doesn’t have the software tools you need, you could transfer your account to Zacks Trade. The broker has some of the best trading platforms on the market today, and it’s currently refunding ACAT fees charged by other brokers. There is a limit of $150. Most brokerage firms don’t charge this much, so it should be no problem.
In addition to great software, Zacks Trade also provides access to numerous foreign exchanges.
Updated on 6/15/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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