Best Investment Companies Promotions & Bonuses For May 2021

Top investment firm promotions, cash bonuses, free trades offers and other incentives for clients to open new account

Investment Firms Promotions List

Brokerage	Stock Fee	New Account Promotion
Ally Invest	$0	Up to $3,000 cash bonus + transfer fee refund.
TD Ameritrade	$0	Get $0 commissions and ACAT fee reimbursement.
Etrade	$0	At E*TRADE, get $0 trades + 65₵ per options contract.
Firstrade	$0	2 free stocks and NO commissions on ALL trades.
Interactive Brokers	$0	Get up to $1,000 of IBKR Stock for FREE!
M1 Finance	$0	Get up to $4,000 cash when moving an account or $30 bonus when you open and fund account at M1 Finance.
Sogotrade	$0	None
TastyWorks	$0	$0 commissions on stocks and ETFs.
TradeStation	$0	Get $0 per trade stock and ETF commissions.
Vanguard	$0	None
WeBull	$0	Get 2 free stocks when you deposit $100+ into Webull account.
Wellstrade	$0	None
Zackstrade	$1.00+	Trade stocks, options & ETFs for as low as $1.

Brokerage Free Trades Promotions Comparison

Right now many online brokerage firms offer incentives for investors to lure new customers on to their site. These can be anything from free trades to free cash for opening an account or promotions for referring a friend to the site. Below are descriptions of promotions offered by some of the best known online brokerage firms on the market.

Etrade

Going with a similar theme as the rest of the brokerage promotions on this list, Etrade is offering $600 in free cash will only come when depositing over $250,000 in to a new account, but a more reasonable $200 bonus can be obtained with a deposit upward of $25,000.

Analysis: The brokerage free trade bonus has the highest minimum deposit of the bunch at $10,000.

Charles Schwab

A new brokerage account opened with at least $50,000 is eligible to receive 500 free trades and one meeting per quarter with a trading coach. The trades expire within 1 year of account opening.

Merrill Edge

New Merrill Edge customers who open and fund either a brokerage or retirement account will receive 300 commission-free trades. It can take up to a week for the broker to credit the new account, and the free trades expire after 3 months. Also included in this special is a trial of MarketPro, the firm's desktop platform. Funding a new securities account with at least $20,000 earns a $100 bonus. The deposit must be made in less than 45 days of opening the account, and the balance must be maintained for at least 90 days. Merrill Edge will credit the new account within 14 days after the 90-day period has ended.

Final Analysis

All of the listed brokerage incentives follow the same formula: commission free trades and/or a cash bonus as a result of a substantial opening deposit. Etrade brokerage account promotion works best for those with at least $25,000 to invest, where they will receive their 60 days of free trades incentive plus the only real attainable cash bonus for anyone but the super wealthy.

Best Brokerage Incentives Conclusion

To summarize, despite the unavoidable risks of investing in the stock markets, blue chip stocks remain some of the highest quality public corporations out there. All stock brokers we’ve looked at, including TDA, Etrade, Firstrade, Webull, and Robinhood, support trading in blue chip stocks and the various ETFs that track them as a whole.