Brokerage Promotions & Bonuses For 2025
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Best Brokerage Firms Promotions & Bonuses in 2025
There are many companies available among discount brokers. To select the best ones, you can look at the products and services they provide, as well as promotions and special deals offered to both new and existing clients.
Broker Promotions & Bonuses
Promotions and bonuses appear in many forms. Here are the different kinds of bonuses you can expect when opening a new brokerage account.
Transfer Fee Reimbursements
Transfer fee reimbursements are very common. Brokerage firms often charge fees for wire transfers and account transfers (ACATS). Transfer fee refunds reduce or remove the cost of transferring your assets to the new brokerage.
Cash Bonus for Deposits
Deposit cash bonuses are among the most popular promotions for new accounts. Some brokers offer cash rewards simply for opening an account, but most bonuses depend on the amount of money deposited.
Deposit bonuses are usually tiered—the larger your deposit, the higher the reward. Bonuses typically range from $10 up to $4000.
Free Stocks for New Brokerage Accounts
Another common offer is free stocks for new clients. Free stocks are chosen randomly from a predetermined list of companies or fractional shares valued at a certain amount.
The value of these free stock promotions varies widely. Some brokers give out a single low-priced stock, while others provide as many as 40 free stocks. Fractional share offers typically range from $2 to $200, though the stock's value can sometimes reach as much as $3,500.
Commission Discounts
Many brokerage firms offer discounts on trading commissions when you open an account with them.
Even brokers with zero commissions for stocks and ETFs usually charge fees on OTC securities, options, fixed-income products, and mutual funds. Some brokers waive these fees for a limited time.
Broker Referral Bonuses
Most brokers offer referral bonuses. These incentives can include Amazon gift cards, free stocks, or cash bonuses.
Referral bonuses reward both the person referring and the person referred, often with a yearly limit on earnings from the referral program.
Cryptocurrency Bonuses
In addition to cash and free stock bonuses, some brokers provide cryptocurrency bonuses.
Crypto bonuses usually come as Bitcoin, though other well-known cryptocurrencies may also be offered.
E*TRADE
E*TRADE offers attractive promotions and bonuses. You can earn as much as $3500 for opening and funding a new account. They also have an appealing referral bonus, providing $50 per referral, with a maximum of $500 per year.
Firstrade
Firstrade offers a cash reward of up to $5000 for funding new accounts. They also reimburse fees for account and wire transfers. Account transfers can be reimbursed up to $200, and wire transfers up to $25.
Interactive Brokers
Interactive Brokers has a beneficial referral program for both referrer and referee. The referrer gets $200 for each new client. Referees can receive up to $1000 in free stock when they create and fund a new account.
J.P. Morgan
J.P. Morgan Investing accounts include a deposit bonus of up to $700 for first-time deposits into new accounts.
M1 Finance
At M1 Finance, clients benefit from a referral bonus program.
Both the new client and the referrer earn $10 each time, and there's no limit on how many rewards you can collect.
Moomoo
Opening an account with Moomoo includes receiving free stocks. You get one free stock upon opening the
account and can receive up to 60 more with a qualifying deposit. Each stock is worth up to $2,000.
Public
Public offers several attractive promotions. You can receive up to $10,000 as an account transfer bonus. They also offer free stocks worth up to $300 when you fund a new account or refer new customers.
Robinhood
Robinhood provides new customers and referrals with free stocks valued up to $200 each. Investors can now select the company from which they wish to receive stock.
Sogotrade
Sogotrade offers unique promotions alongside zero-commission trades. The broker gives $1 for every 1000 shares traded.
Tastyworks
Tastyworks offers bonuses for new accounts through a referral program, free stocks, and a capped pricing structure for commissions.
New users can receive up to $250 in free stocks if they open an account with at least $2000. Referral credits can reach up to $100 per new account. Credits are redeemable for gifts like prizes, trips, and even a Tesla Model 5.
TradeStation
TradeStation provides many different promotions. Alongside cash bonuses for new accounts, TradeStation offers reduced commissions and a fully paid stock lending program.
Webull
Webull is among the most generous brokers listed. Its promotions frequently change, but they always include multiple free stocks for new accounts, referrals, and more. There's also a transfer bonus and complimentary quotes available for new accounts.
Updated on 7/1/2025.
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