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Firstrade Referral Bonus: $1,000 to Refer a Friend (2025)
Firstrade referral bonus: free stocks up to $1,000. Firstrade
refer a friend program offer code to recommend a family member to open a new account.
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Firstrade Referral Program
Firstrade has cancelled its Friend Referral program.
Firstrade Promotion
Visit Firstrade Website
(EXPIRED!) Firstrade Referral Code
Firstrade Referral Bonus and Transfer Promotions
If you are planning to move to Firstrade to take advantage of its low fees and attractive investment opportunities, now could be a great time to do that. Firstrade is offering two promotions to reduce the cost of transferring funds and assets into a new account.
Keep reading for the details.
Key Takeaways
• Firstrade no longer offers a referral program.
• Firstrade provides a transfer fee rebate, reimbursing traders for up to $250 in ACAT transfer fees when they move at least $2,500 in assets.
• Firstrade also provides a $25 rebate for wire transfers of at least $10,000.
Firstrade Referral Bonus
Firstrade often provides attractive referral bonuses that range from an annual payout of $1,000 to $4,000 to the referrer and free stocks for the referee. However, Firstrade does not currently have a referral program running.
When the broker does run the referral bonus, it generally stays active for a considerable amount of time. Unfortunately, we don’t know when the next referral bonus will become active, but we expect them to open a new one soon.
Transfer Fee Rebate ($250)
The most significant bonus that Firstrade is currently offering is its transfer fee rebate. The bonus is not only large compared to the other offers at Firstrade but also larger than many other brokers’ transfer fee rebates.
Firstrade’s transfer fee rebate reimburses traders for up to $250 in ACAT transfer fees when they move at least $2,500 in assets into a new Firstrade account. It’s certainly an attractive offer, and if you want to take advantage of it, there are several details to be aware of.
Transfer Fee Timelines
The first thing to know is that the offer is time sensitive. Once the asset transfer is complete, the rebate request has to be made within 60 days.
Firstrade then credits your account within the next 30 days. The total length of time it takes to get the referral rebate often depends on the complexity of the transfer, with standard fees and transfers being the fastest.
Holding Period
Another thing to be aware of is the requirement to keep the balance you used to trigger the bonus in your account for at least 12 months. Other than normal market fluctuations and loss of value due to market downturns, any withdrawals or transfers that would bring the account balance under the $2,500 mark could cause a reversal of the rebate.
Account Type Eligibility
The rebate works on Firstrade’s individual cash and margin accounts. IRAs are also included in the short list of eligible accounts.
Transferring other account types, such as Coverdell and custodial, will not unlock the opportunity to have your ACAT fees reimbursed.
Claiming the Transfer Rebate
Claiming the rebate is straightforward. All it takes is to contact the broker through the account’s built-in message system, outline your request, and provide your brokerage statements.
The brokerage statements are to show the transfer cost, and as long as the transfer price falls within the $250 range, the broker will reimburse you for the fee.
Wire Transfer Rebate ($25)
Automated transfers aren’t the only way to receive a transfer rebate at Firstrade. There is also a $25 rebate for wire transfers.
While some banks charge more than $25 for wire transfers, most of the wire transfers you’ll see are right at the $25 mark. The wire transfer rebate makes moving your funds into a Firstrade account virtually free.
As is always the case, though, there are a few terms and conditions to consider.
The main one is that wire transfers must be at least $10,000 to unlock the $25 wire transfer fee rebate.
Notably, this transfer rebate can be used repeatedly, and you can request up to three transfer fee rebates each month.
Is Firstrade any Good?
If you are wondering if Firstrade is any good, here are several of the broker’s features that make it a popular choice with investors of all skill levels.
Low fees are one of the first things that investors notice. With no fees on options, Pink Sheets, or mutual funds, Firstrade provides many with lower operating costs.
Access to a wide range of securities, including stocks listed on major exchanges and the OTC marketplace, ETFs, fixed-income products, cryptocurrencies, and a huge selection of commission-free mutual funds.
The platform is also easy to use, making it accessible to investors of all experience levels.
Updated on 1/1/2025.
Arthur Chachuna is a professional personal finance blogger, and the owner of Brokerage-Review.com.
He has been an avid investor for 25 years, and has a background in both applied math and programming.
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