Firstrade Promotion
Webull Promotion
Firstrade Promotion Details
Highlights:
• Firstrade has a 3% match on new contributions and 2% match on eligible IRA/401(k) transfers, with the
transfer bonus capped at $20,000.
• Other specials at Firstrade include rebates for ACAT transfers and wires.
• There are minimum transfer amounts in all three cases.
If you’ve been thinking about switching brokers, now might be a great time to do so. Firstrade will
actually pay you money—a lot in some scenarios—to make the move.
Details on Firstrade’s IRA Match
Transfer a Roth, Traditional, or Rollover IRA to Firstrade, and the firm will add 2% of that transfer to the new account. Make a cash deposit, and Firstrade will add 3% of that amount as well. The 3% match is treated as interest for tax purposes, so it doesn’t affect your yearly contribution limit, which is another benefit.
To qualify for this valuable deal, Firstrade requires a minimum ACAT transfer of $5,000. The current transfer bonus cap is $20,000, which corresponds to 2% of $1,000,000. This generous threshold allows for a large match when switching to Firstrade.
For instance, suppose you transfer an account worth $1 million and also make a contribution of $8,000
(assuming you are 50 or older). Firstrade will then deposit $20,240 into the IRA. Pretty significant.
To get this substantial offer, the new IRA must be opened through
Firstrade’s special 3% on contributions and 2% on transfers page. Only an IRA applies for this deal, and applicants must live in the U.S. Transfers may be ACAT or non-ACAT, and cash deposits can be made by check, wire, or ACH.
Though Firstrade supports mutual fund and bond trading, these don’t count toward minimum-transfer thresholds or match calculations. They can still be transferred in. Penny stocks under 10¢ and foreign stocks (tickers ending in F) cannot be transferred in at all.
After Firstrade finishes the transfer process and computes the bonus, it will credit the IRA in
one-time payout.
The new IRA must be opened, and all transfers and deposits completed.
Updated on 4/15/2026.
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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