Firstrade Promotion
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Firstrade Promotion Details
Highlights:
• Firstrade has a 2% IRA match promotion that can be worth over $20,000.
• Other offers at Firstrade include refunds for account transfers and wires.
• There are minimum transfer amounts for all three deals.
If you’ve been thinking about switching brokers, now could be a great time. Firstrade will actually pay you money—quite a lot in some cases—to switch to them.
Details on Firstrade’s IRA Match
Move a Roth, Traditional, or Rollover IRA to Firstrade, and the firm will add 2% of the transferred amount to your new IRA. If you make a cash deposit into the same account, Firstrade will add 2% of that, too. The 2% match is considered interest by the IRS, so it won’t count towards your yearly contribution limit, which is a great benefit.
To qualify for this great deal, Firstrade needs a minimum account transfer of $5,000. Any amount above that is allowed, and the match calculation goes up to $1 million. This high limit means you can earn a very large reward by moving to Firstrade.
For example, suppose you transfer $1 million and add a cash contribution of $8,000 (assuming you’re age 50 or older). Firstrade will put $20,160 into the new IRA. That’s a big bonus.
To get this deal, the IRA must be opened through
Firstrade’s special 2% IRA match page. Only IRAs qualify, and applicants must be U.S. residents. Transfers can be done through automated or manual methods. Cash can be deposited by check, wire, or ACH.
Although Firstrade offers trading in mutual funds and bonds, these don’t count towards the minimum transfer amount or the bonus calculation. They can still be moved, though. Stocks priced under 10¢ and foreign stocks (those with ticker symbols ending in F) can’t be transferred.
Once Firstrade gets the transfer and figures out the total bonus, it will pay it in three installments:
Apr 30th, 2026 1/3 of the total match bonus
Apr 30th, 2027 1/3 of the total match bonus
Apr 30th, 2028 1/3 of the total match bonus
The new account must be opened and all deposits and transfers made before March 31, 2025. The account must keep its funding level (except for trading losses) through April 30th, 2028, when the final payment is made.
Details on Firstrade’s ACAT-Fee Rebate
Firstrade wants your business so much that it will do more. If you have to pay a fee when transferring your IRA or taxable account to Firstrade, they will refund you up to $250. To qualify, the account you move must be worth at least $2,500. Again, mutual funds and bonds do not count towards the minimum amount.
In addition to IRAs, regular taxable joint and individual accounts are eligible for this offer (but other types, like custodial accounts and investment clubs, are not).
After meeting these terms, you must send a copy of your old broker’s fee statement. Once Firstrade gets this (within 60 days of the transfer), it will credit your Firstrade account with the fee amount, up to $250.
The total transferred amount must remain in the Firstrade account for at least 12 months (not counting market losses), or Firstrade will take back the credit.
Details on Firstrade’s Wire-Fee Rebate
There’s one more way Firstrade tries to get your business: by refunding the wire fee from an outside financial institution. Put at least $10,000 into a new or existing Firstrade account by wire transfer, and Firstrade will refund up to $25 per wire. You can do up to three wires per month for a total refund of up to $75.
Unfortunately, IRAs are not included in this offer. Only joint and individual taxable accounts qualify. If you use this method, you must send proof of the wire fees to Firstrade within 30 days.
Like the ACAT-fee refund, this wire-fee offer has no expiration date.
Firstrade Promotion
Visit Firstrade Website
Updated on 3/1/2025.
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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