ETRADE Referral Bonus: $2,500 Refer a Friend Program

ETRADE friend referral bonus program offer code ($50 Amazon.com Gift Card) for recommended friend or family member to open a new brokerage account in 2023

Etrade Friend Referral Bonus

At Etrade, the referral program carries a simple message to current clients: introduce our service to family and friends, and get rewarded for it.

The reward?

A $50 Amazon.com gift card for each qualifying referral. The total number of qualifying referrals is capped at a maximum of 10 per year, or $500 worth of Amazon gift cards.

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How to Take Part in the E*TRADE Referral Program

To get started with the referral program, E*Trade clients must first log into their account.

Once logged in, click on What We Offer > Refer A Friend.

The client has now arrived to the homepage for the E*Trade Referral Program. After entering an appropriate email address in the space provided, E*Trade will create a unique referral link to be shared with friends, family, and contacts.

Friends and family must sign up through this exact link for the referral to qualify under the terms of the program; otherwise, no one will receive any of the related rewards.

The referral link can be shared through a number of popular platforms, such as:

- Twitter
- Facebook (including Messenger)
- Email

Top Brokerage Promotions:

The Rewards of the E*Trade Referral Program

To encourage existing customers to introduce family, friends, and contacts to the brokerage's services, E*Trade is offering rewards of $50 Amazon.com gift cards.

An Amazon gift card will be received via email every time a friend opens and funds an E*Trade brokerage account with a minimum deposit of $500. As the referral link is good for only 10 referrals per calendar year, a total of $500 worth of Amazon gift cards can be gained.

Those who sign up to E*Trade using the referral link also stand to benefit from the program.

Referred friends are eligible to receive cash credit rewards if they go above and beyond the minimum deposit requirement of $500 within 60 days of opening an account. An initial deposit ranging from $5,000-$9,999 will result in a cash credit reward of $50. The cash credit reward increases in increments based on opening deposits, until it reaches its highest point at $2,500 for an opening deposit of $1,000,000 or more.

Etrade Referral Bonus

Limitations of the E*Trade Referral Program

As is the case with most promotional offers or discount sales, the E*Trade Referral Program is limited in size and scope by numerous terms and restrictions:

- Referred friends must be located in the USA
- E*trade and Morgan Stanley employees are not eligible to take part in the offer
- Offer is valid only for non-retirement individual (or joint) brokerage accounts

Potential program participants may be shocked to find out they can't take advantage of the offer by opening individual retirement accounts (IRAs) or any type of business accounts. E*Trade Capital Management, Futures, Bank, and Savings Bank accounts are also marked off-limits for the referral program.

Is the E*TRADE Referral Program Worthwhile?

Many people will continue to prefer to receive rewards in cash, rather than gift cards, due to its great utility. For instance, cash can be invested in stocks, businesses, and other productive assets; it can be used to pay off loans. Amazon gift cards do not possess this special utility, as they cannot be exchanged for cash.

Some folk will be disappointed with the lack of a straight cash reward system while others will delight at the selection available to them on one of the world's leading online marketplaces.

Regardless, E*Trade's customer referral program provides existing clients with a rewarding opportunity at no cost. Since there are no fees associated with the program, those dreaded hidden charges will not pop up as an unpleasant surprise.

Sharing is caring, as the old saying goes, and the same holds true when one sahres their passion for the capital markets with friends and relatives. Helping them sign up with E*Trade, which offers one of the leading online trading platforms, is just another way of caring.

Etrade Referral Bonus

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Introduction to E*TRADE

Founded in 1982, in the Silicon Valley of Northern California, E*Trade Financial Corporation has since grown into one of the most recognizable online brokerages for individual retail investors. For experienced investors and beginners alike, E*Trade offers an extensive variety of online investment products and services.

Its numerous zero-commission transactions are satisfying to active traders, its large range of investments appealing to buy-and-hold investors.

E*Trade places a heavy emphasis on attracting and retaining customers, as is highlighted by the following case study:

According to the company's filings with the Securities & Exchange Commission (S.E.C.), customer brokerage accounts nearly doubled over the past decade. At the end of 2019, around the time Morgan Stanley publicly announced a definitive agreement to acquire E*Trade, end-of-period retail accounts stood at 5.17 million. This represents a 96.6% increase from 10 years prior when retail accounts totaled 2.63 million.

Etrade Refer a Friend Program Recap

In times old and new, one of the hallmark qualities of a good business is the ability to attract and retain customers. With the exception of government- regulated utilities, or companies that possess a special patent thereby granting them a legal monopoly, American industry is characterized by competition for the limited number of customers available. In the online brokerage industry, competition for new customers is stronger than ever.

Brokerage firms try to attract customers through a variety of ways. A common marketing method used by online brokerage firms is the customer referral program which allows for existing clients, through a qualifying referral, to get rewarded for introducing friends and family to the respective brokerage.

Etrade referral bonus terms can change at any time without notice. For the most recent information on Etrade refer a friend program offer to open account visit their website.

About the Author
Arthur Chachuna is professional personal finance blogger, and the owner of Brokerage-Review.com. He has been an avid investor for 23 years, and has background in both applied math and programming.