10 Best Stock Broker Promotions & Bonuses For May 2023

Free Level 2 market data helps you get a greater understanding of a stock’s value, determine how liquid a stock truly really is, and better time your trades. You can even enjoy 24/7 financial news handpicked by Moomoo’s editorial team. Currently, Webull offers new platform users the opportunity to get up to 12 free fractional best brokerage account deals shares of stock collectively worth between $36 and $36,000. If you already have funds invested on another platform, you can earn big when you transfer funds to an M1 Finance account. Axos is offering a $250 welcome bonus for a limited time to new customers of their Self-Directed Trading or Managed Portfolio products.

Many brokers offer “bank-like” services in their brokerage accounts, but they operate a bit differently under the hood than traditional bank accounts. The platform offers a simple design, aimed at long-term investors and high-net-worth individuals. Schwab is a highly-rated brokerage firm that offers everything from retirement accounts to brokerage accounts to robo-advisory services to wealth management. Schwab offers fee-free access to stocks and ETFs, and carries their own assortment of investment funds as well.

Free Account Opening + 100% Brokerage Refund for 1st Month + 0 AMC 1st Year

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• One is not better than the other; they are simply different vehicles for your money.
• There are many different types of brokerage accounts for all kinds of investor profiles.
• This is the largest bonus we’ve seen, but does require $2MM+ to get the full $5,000.
• This page may include information about American Express products currently unavailable on Slickdeals.
• It’s also possible a broker may either reduce or even enhance a bonus offer, so always pay careful attention to the details of any program.

But if you anticipate doing a fair amount of trading through your mobile device, looking at each broker’s mobile app should be a large part of your evaluation process. With no fees, access to trade fractional shares and cryptocurrency, Robinhood is a no frills but efficient brokerage account. TD Ameritrade stands out as one of our top rated all-around brokerage accounts with outstanding tools and products, in-depth and comprehensive research, and no account minimums. For cash bonuses, you can use those funds to purchase stocks, bonds, funds, or keep as cash as part of a diversified portfolio.

Fidelity

Just be certain that if you are wanting to transfer the bonus out of your account, there may be a minimum holding period. Another factor to consider is whether it is a stock bonus or cash bonus. New account holders with some brokers can receive free stocks worth up to a typical limit for opening a new account and meeting a minimum deposit requirement. However, many of these stocks are chosen at random, and the value is determined by a probability distribution. Kyle Woodley oversees Young & The Invested’s investing coverage, including stocks, bonds, exchange-traded funds (ETFs), mutual funds, real estate, alternatives, and other investments.

According to Robinhood, there is about a 98% chance of the stock bonus having a value of $3-$10.00. Also, keep in mind that when this promotion is combined with the value received from other offers from Robinhood in the current calendar year, it may not exceed $500 per household. Ally Invest says it features commission-free trades on eligible U.S exchange-listed stock, ETF and option trades.

Promotion is a bit confusing as it’s not that clear when/how long the funds need to be in your account for. You also get the bonus in the form of interactive brokers shares and these can’t be sold for one year. Its managed portfolios — Essential Portfolios, Selective Portfolios, and Personalized Portfolios — are no longer available to new clients. But due to the Schwab acquisition, TD Ameritrade clients now have access both to Schwab’s two automated portfolios and its other managed accounts.

Robinhood Review: Is Robinhood Safe & Worth Using in 2023?

Huge bonus and it works for self directed accounts, main issue is that account set up is all manual and extremely slow. Before opening an account, brokers will request to see your personal information in order to comply with current laws and regulations. For more details about the categories considered when rating brokers and our process, read our full methodology. The scoring formulas take into account multiple data points for each financial product and service. Webull states the $100 deposit must be settled into your account to qualify, and settlement can take up to five business days.

His work has appeared in several outlets, including Yahoo! Finance, MSN Money, the Nasdaq, Barchart, The Globe and Mail, and U.S. He also has made guest appearances on Fox Business and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice, and Univision. Kyle Woodley is the Editor-in-Chief of Young and the Invested (YATI). Morgan Self-Directed Investing’s website to see if it’s the right fit for your needs.

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There are a number of smaller brokerages that offer sign up bonuses with no deposit requirement. The bonuses are much smaller, but might still be worth picking up for some people. This means you won’t get completely commission-free trades as you do with IBKR Lite. They also get access to the IBKR Web Trader platform and IBKR APIs for automated trading.

• The bonus will be paid into your account within 15 days thereafter.
• After depositing money into the account, an electronic claw will grab a promotional piece on the screen.
• Merrill Edge is offering a bonus of up to $600 when you open and fund a new account.
• Merrill Edge® Self-Directed offers easily one of the biggest cash bonuses we’ve seen.

TastyWorks is one of the best trading platforms for active traders. One of the best brokerage accounts for active traders and has some of the lowest commissions and margin rates around. Merrill Edge® https://trading-market.org/ Self-Directed offers easily one of the biggest cash bonuses we’ve seen. It’s a standout brokerage with $0 online stock and ETF trades, strong research offerings, and excellent customer support.

The value from sale of the stock can be withdrawn or used to buy other eligible securities in the account. The account comes with a free Fidelity Debit Card that can be used wherever Visa is accepted. Don’t worry about third-party ATM fees, either—Fidelity reimburses charges from other institutions.

If we assume that the first-time investor is a young professional, for example, in their first job right after school, they have a long investing horizon in front of them. Hence, they could be more aggressive in selecting a portfolio, mainly comprising domestic (U.S.), or even international equity. Another consideration is the level of the risk-averseness for these first-time investors. Even if they have a long-term investing horizon and low liquidity requirements, first-time investors may opt for safer investments if they are very risk-averse. In that case, instead of equity (stocks), fixed income securities (bonds) will be more appropriate. Many of the top brokerage firms are well represented on our list of brokerage accounts to consider.

It’s important to know the best offers so that you can decide whether it’s a good time to open a brokerage account and take advantage of what is often risk-free cash. If you want to have a brokerage account for your IRA and a brokerage account to trade options, this makes sense. Not all brokerages treat products the same way and although the competition is fierce between them, some still do certain things better than others. Options traders might prefer the power of the TD platforms, while long-term ETF holders might favor Schwab’s offerings and low-cost ETFs. Schwab also offers unlimited commission-free online trading on most stocks and exchange-traded funds (ETFs) for all clients. Once you make the deposit, you should have your referral bonus in your account within two weeks.

There are many different types of brokerage accounts for all kinds of investor profiles. Whether you have just a few dollars or a few million to invest, you should be able to find an account that meets your needs. No matter your investing goals, there’s a brokerage account promotion out there that should be beneficial for your financial goals.

If you open an account, you’ll receive two free fractional shares. Once you make a deposit, you’ll receive an additional 10 fractional shares. You can use Plynk Explore to find investments based on your interests. Just answer a few questions, and the app will display stock, ETF, and mutual fund investments that mesh with your investment comfort zone.

Alternatively, you can choose to fund a TradeStation crypto account and earn $150 in Bitcoin. Keep in mind that the funds must be new to Citi, which means you can’t transfer the money from a Citi deposit account. To qualify for Charles Schwab’s introductory bonus of up to $500, you need to know an existing Charles Schwab customer who can refer you to open a new account. WeBull says new customers can receive up to $2,300 in two free stocks when opening an account and then funding it with $100 or more.

There are countless brokerage account options available, each with their own pros and cons. Many brokerage firms offer substantial sign-up bonuses to encourage new customers to open accounts with them. If you meet an offer’s requirements, you may be eligible to get hundreds or even thousands of dollars in bonus payments. One way they do so is by offering competitive bonuses that you can add right to your brokerage account.

Under the fixed-rate pricing plan, fees start at .005 cents per share with a $1 minimum per trade for US stocks and ETFs (some ETFs have no transaction fees). Tiered pricing is best for traders with very large order sizes. Prices are per-share with discounts starting over 300,000 shares.

You automatically receive $1,000 when you open and find an account through a friend’s referral. The bonus amounts are between $100-$1,000 and are dependent on qualifying deposits from $25,000 to $500,000 or more. At Merrill Investing, you need to make a qualifying deposit within 45 days of opening the account and maintain the balance for at least 90 days. These aren’t great rewards, and you will almost surely see better returns on your principal if you were to invest in the other brokers or by using other strategies like Series I Bonds. Some brokers, like Vanguard, do not offer promotions, instead opting to reward their clients with extremely low-cost funds and zero-commission trading on many of their products. If you’re looking for a new brokerage, consider opening your account with one of these institutions.

Brokerage accounts are a type of account used for investments. With a brokerage account open and funded, you can buy and sell stocks, bonds, funds, and other investments. The advantage of opening a brokerage account is — if you’re interested in investing in stocks or bonds, or mutual funds or ETFs, as examples, a brokerage is a great way to do it. Most retirement plans offer a curated list of choices which have been well vetted by consultants and investment experts.