Stock Broker Promotions. Brokerage Offers And Bonuses To Open New Investment Account In 2020


Discount online stock broker offers, incentives, bonus codes for clients opening new account or moving account from a different firm. October 2020 best brokerage promotions: $3,500 cash bonus, free trades deals, and investment account transfer fees rebates.





Firstrade rating

Firstrade



Firstrade


Link: Get $0 commission in ALL trades!

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M1  rating

M1 Finance



M1 Finance


Link: Pay $0 commissions. Transfer account to get up to $2,500 bonus at M1 Finance.

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WeBull rating

Webull



WeBull


Link: Get 3 FREE stocks valued up to $1,600 + $100 in ACAT reimbursement.

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Read WeBull review







Ally Invest rating

Ally Invest




Ally Invest


Link: Up to $3,500 cash bonus + $0 commission trades.

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Robinhood Trading rating

Robinhood



Robinhood


Link: Get one free $3-$7 value stock when you open an account.

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Read Robinhood review







4-star brokerage rating

Public.com



Public


Link: Get FREE stock and $0 commission stocks/ETFs/partial shares.

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Read Public review







Fidelity Investments rating

Fidelity



Fidelity


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

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Sofi Invest rating

Sofi Invest



Sofi Invest


Link: Buy and sell stocks at no cost. Plus, there are no account minimums.

Disclaimer: click for details

Read Sofi Invest 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







TD Ameritrade rating

TD Ameritrade



TD Ameritrade


Link: $0 commissions + transfer fee reimbursement.

Disclaimer: click for details

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TastyWorks rating

Tastyworks logo



Tastyworks


Link: $0 commissions on stocks/ETFs + $75 for each friend referred.

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4.5-star brokerage rating

Smart Assets



Find Financial Advisor


Link: Find the best priced Financial Advisor in your area.







ZacksTrade rating

Zackstrade logo



ZacksTrade


Link: Trade stocks, options & ETFs for as low as $1 + $150 ACAT fee refund.

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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 brokerage offer carefully; some of these offers are not valid for retirement accounts (IRAs).

The most popular types of online broker promotions for 2020 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 investment firm bonuses can range from $25 to $3,500, with Ally Invest 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 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; 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 great online broker 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 Free Trades Promotions Comparison


Right now many online brokerage firms offer 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.


Etrade


Going with a similar theme as the rest of the brokerage promotions on this list, Etrade is offering $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.


Broker Promotions


Charles Schwab


A new brokerage account opened with at least $50,000 is eligible to receive 500 free trades and one meeting per quarter with a trading coach. The trades expire within 1 year of account opening.


Merrill Edge


New Merrill Edge customers who open and fund either a brokerage or retirement account will receive 300 commission-free trades. It can take up to a week for the broker to credit the new account, and the free trades expire after 3 months. Also included in this special is a trial of MarketPro, the firm's desktop platform. Funding a new securities account with at least $20,000 earns a $100 bonus. The deposit must be made in less than 45 days of opening the account, and the balance must be maintained for at least 90 days. Merrill Edge will credit the new account within 14 days after the 90-day period has ended.


Final Analysis


All of the listed brokerage incentives follow the same formula: commission free trades and/or a cash bonus as a result of a substantial opening deposit. Etrade brokerage account promotion works best for those with at least $25,000 to invest, where they will receive their 60 days of free trades incentive plus the only real attainable cash bonus for anyone but the super wealthy.


Disclaimer


The investment account promotions could change without notice. Each investment account offer has fine print therefore investors should thoroughly read and understand it before opening an account. Also, remember that these investment promotions expire on different dates, so investors need to be aware of that fact as well.