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

E*trade




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




Fidelity Investments Cash Offer


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

Unfortunately, Fidelity have terminated its cash bonus offer.





Ally Invest rating

Ally Invest




Ally Invest Cash Promotion


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

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



Brokerage Cash Promotions reviewed by Brokerage-Review.com. Rating: 5