Brokerage Promotions & Bonuses For 2024
Best brokerage promotions, cash bonuses, free stocks offers & other incentives for clients to open
a new account in July 2024
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Broker Promotions List
Best Brokerage Firms Promotions & Bonuses in 2024
There are many companies to choose from in the world of discount brokers. To find the best brokers,
you can consider the products and services offered, as well as the brokerage promotions and deals provided to new and existing customers.
Broker Promotions & Bonuses
Promotions and bonuses come in various forms. Here are the types of bonuses you can expect to see when opening a new brokerage account.
Transfer Fee Reimbursements
Transfer fee reimbursements are quite common. Brokerafe firms often charge a fee for account transfers (ACATS) and wire transfers. Transfer fee rebates reduce or eliminate the cost of transferring your money to the new broker.
Cash Bonus for Deposits
Deposit bonuses are among the most popular new account promotions. Some brokers offer cash bonuses simply for opening an account, but most rewards are linked to how much you deposit.
Deposit bonuses are typically scaled – the larger your deposit, the bigger the bonus. Bonuses can vary from $10 to $4000.
Free Stocks for New Brokerage Accounts
Another common promotional item is free stocks for new account holders. Free stocks are randomly
selected from a list of companies or partial shares with a set value.
The value of free stock offers can vary widely. Some companies give a single low-value share, while others offer up to 15 free stocks. Similarly, partial share offers range from $2 to $200, though the stock's value can be as high as $3,500 in some cases.
Commission Discounts
Many brokers offer discounts on trading commissions when you start trading with them.
Even brokers that don't charge commissions on stocks and ETFs often have commissions on OTC securities, options, fixed-income securities, and mutual funds. Some waive commissions for a certain time period.
Broker Referral Bonuses
Most brokers offer some kind of referral bonus. Some offer incentives like Amazon gift cards, while others provide free stocks and cash bonuses.
Referral bonuses benefit both the referrer and the referee, and there is often a yearly limit on how much can be earned through the program.
Cryptocurrency Bonuses
Besides free stock and cash bonuses, some brokers also offer cryptocurrency bonuses.
Cryptocurrency bonuses are usually paid in Bitcoin, but other popular coins can also be used.
E*TRADE
E*TRADE has many good promos and bonuses. You can earn up to $3500 for opening and funding a new account. The broker also offers an attractive referral bonus, paying $50 per referral, up to $500 per year.
Firstrade
Firstrade offers a cash bonus of up to $5000 for newly funded accounts. The broker also provides transfer rebates for account and wire transfers. Account transfers can be refunded up to $200, and wire transfers can be refunded up to $25.
Interactive Brokers
Interactive Brokers offers a generous referral program that benefits both the referrer and the referee. Referrers receive $200 for each new referral. Referees can earn up to $1000 in free stock when they open and fund a new account.
J.P. Morgan
J.P. Morgan Investing accounts enjoy a first deposit bonus of up to $700 for new accounts.
M1 Finance
At M1 Finance, customers can take advantage of a referral program.
The referral bonus gives both the referee and the referrer a $10 payout, and there is no limit to the number of rewards you can receive.
Moomoo
Opening an account at Moomoo includes free stocks. You receive one free stock for opening the account and up to 15 free stocks with a qualifying deposit. Each stock can be valued at up to $2000.
Public
Public offers many generous promotions. An account transfer bonus of up to $10,000 is available. You can also get free stocks worth up to $300 when you open and fund a new account or refer new clients.
Robinhood
Robinhood gives free stocks worth up to $200 each to new customers and through their referral program. Investors can now choose the company they want to own stock in.
Sogotrade
Sogotrade offers unique promotions and zero-commission trading. For every 1000 shares traded, the broker gives you $1.
Stash
Stash offers various promotions. There is a ‘Stock Back’ program that rewards credit card users with fractional shares. Stash also hosts regular ‘#StashStockParties’ that give out free fractional shares to participants.
Tastyworks
Tastyworks offers new account bonuses in the form of free stocks, a referral program, and a capped commission pricing schedule.
New account holders can receive up to $250 in free stocks when they open an account with at least $2000. For referrals, users get credits up to $100 for each successful new account opened. Credits are used for various ‘gifts’ such as prizes, trips, and even a Tesla Model 5.
TradeStation
TradeStation offers many types of promos. In addition to cash offers for new accounts, TradeStation offers reduced trading commissions and a fully paid stock lending program.
Webull
Webull is one of the more generous brokers listed. The broker’s offers are ever-changing, but they always include several free stocks for new accounts, referrals, and more. There is also a transfer bonus and complimentary quotes for new accounts.
Updated on 7/2/2024.
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