Best Broker Cash Promotions. Brokerage Bonus Cash Offers For New Account 2020

Many U.S. brokerage houses are offering cash bonuses for new or existing clients right now. These firms include Schwab, Fidelity, TD Ameritrade, Merrill Edge, Ally Invest, and E*Trade. Let’s check out the specials.

TD Ameritrade rating

TD Ameritrade

TD Ameritrade Cash Bonus

Promotion link: Trade stocks and ETFs for free + get up to $600 bonus.

Cash bonus can be earned at TD Ameritrade. A deposit of $25,000 qualifies for a $100 bonus. Quadrupling the deposit earns $300, while moving $250,000 or more gets the highest award at $600.

After the account is opened, it must be funded within 60 days. It can take up to a week for TD Ameritrade to deposit the bonus in the new account. Either a regular brokerage account or IRA can be used for the offer. The deposited funds must remain in the account, minus any market losses, for 1 year.

Open TD Ameritrade Account

Etrade rating


Etrade Brokerage Cash Promotion

Promotion link: Get $2,500 cash bonus when you open an account with $1 million.

Transferring $25,000 to a new securities account at E*Trade earns twice the bonus that TD Ameritrade pays­­—$200. Moving $100,000 generates a $300 prize, while a quarter of a million dollars earns $600. A deposit of at least a half million dollars earns $1,200, while $1,000,000 gets the broker’s largest prize of $2,500.

The new funds must come from an outside source within 45 days of account opening. Current E*Trade customers are not eligible for this promotion, nor are Individual Retirement Accounts or E*Trade Bank accounts. The special expires at the end of 2020.

Open Etrade Account

Fidelity Investments rating


Fidelity Investments Cash Offer

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

Unfortunately, Fidelity have terminated its cash bonus offer.

Firstrade rating


Firstrade Cash Promotion

Promotion link: Up to $600 cash bonus + $200 in transfer fee rebates.

Firstrade BonusDeposit or Transfer
$600 $250k+
$300 $100k - $249.9k
$200 $25k - $99.9k
$50 $10k - $24.9k
$25 $5k - $9.9k

Offer valid for one new domestic Individual, Joint or IRA Firstrade account opened from 02/25/2020 to 04/15/2020 and funded within 30 days of account opening with $5,000 or more. You must click on link above and use promo code "FTCASH" when opening the account.

Open Firstrade Account

Ally Invest rating

Ally Invest

Ally Invest Cash Promotion

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

Ally Invest BonusDeposit or Transfer
$3,500 $2 MM
$2,500 $1MM - $1.99MM
$1,200 $500k - $999.9k
$600 $250k - $499.9k
$300 $100k - $249.9k
$200 $25k - $99.9k
$50 $10k - $24.9k

The minimum deposit to receive a cash bonus is $10,000. Cash bonus levels are identified above. Accounts will receive the specified credit, depending on the initial deposit amount, deposited into the account within ten (10) days of meeting the qualifying requirements. Once the account is credited, the bonus and initial qualifying deposit is not available for withdrawal for 300 days after the requirements have been met. If the qualifying deposit(s) are removed the bonus payout may be revoked.

Open Ally Invest Account

Merrill Edge rating

Merrill Edge

Merrill Edge Cash Promotion

Promotion link: Get up to $600 when you open new Merrill Edge account with at least $20,000.

Another $600 prize is available at Merrill Edge. This special requires a smaller deposit than TD Ameritrade’s $600 bonus—just $200,000. Depositing $100,000 earns $250, while a $50,000 transfer gets $150. The smallest tier is $100 for a $20,000 deposit. The offer code is ME600.

The transfer of funds must be made within 45 days of account opening, and the assets must remain in the new account for at least 3 months.

Open Merrill Edge Account