Brokerage Promotions & Bonuses For 2024

Item: Brokerage Promotions
Rating: 5
Author: Andrew Style

Best brokerage promotions, cash bonuses, free stocks offers & other incentives for clients to open a new account in December 2024

Broker Promotions List

Brokerage	Stock Fee	New Account Promotion
Acorns	$0	Get $10 when you open an Acorns account with this referral link.
TD Ameritrade	$0	$0 commissions at Charles Schwab (former TD Ameritrade).
Firstrade	$0	Get up to $4,000 cash bonus + $200 in ACAT rebate!
Interactive Brokers	$0	Use this referral link to get up to $1,000 of IBKR stock for free!
M1 Finance	$0	Get up to $500 when you make a deposit in your new brokerage account.
Moomoo	$0	Get zero commissions at Moomoo.
Robinhood	$0	Up to $200 in FREE stock + transfer fee reimbursement.
TastyWorks	$0	Get $75 for each person you refer with this referral link.
TradeStation	$0	Get up to $3,500 cash bonus with a qualifying deposit.
WeBull	$0	12 FREE stocks valued $36-$36,000 when you deposit ANY AMOUNT at Webull.

Promotions and Bonuses from the Top Brokerage Firms

When it comes to low-cost brokers, you have a plethora of options to choose from. To determine the best firms, take into account the services and products they offer, as well as the promotions and bonuses available to both new and existing customers.

Broker Promotions and Bonuses

Promotions and bonuses come in various forms. Below are the types of bonuses you can expect when opening a new brokerage account.

Transfer Fee Reimbursements

It's quite common for brokers to charge fees for account transfers (ACATS) and wire transfers. Fortunately, many brokers offer transfer fee reimbursements, either reducing or completely covering the cost of moving your funds to the new broker.

Cash Bonuses for Deposits

Deposit bonuses are highly popular as new account promotions. Some brokers provide cash bonuses simply for opening an account, while others tie the rewards to deposit amounts.

Typically, deposit bonuses follow a tiered scale, meaning the more you deposit, the higher the bonus you receive. These bonuses can range from $10 to $4000, depending on the broker.

Free Stocks for New Brokerage Accounts

Another enticing promotional item is the giveaway of free stocks to new account holders. These free stocks are randomly selected from a predetermined pool of companies or can be fractional shares valued at a specific dollar amount.

The value of free stock programs varies considerably. Some companies offer single, low-value securities, while others give away as many as 15 free stocks. Similarly, fractional share giveaways can range from $5 to $200, but in some cases, the securities' value can reach as high as $3500.

Commission Discounts

Many brokers offer discounts on trading commissions as an incentive for you to choose their services. Even if a broker doesn't charge commissions on stocks and ETFs, they may have commission fees for OTC securities, options, fixed-income securities, and mutual funds. However, some brokers waive these commissions for a specific period.

Broker Referral Bonuses

Most brokers have some form of referral bonus program in place. Referrers may receive perks like Amazon gift cards, free stocks, or cash bonuses. Referees, on the other hand, benefit from joining the broker through the referral program.

It's worth noting that there is often an annual cap on the amount of money that can be earned through the referral bonus program.

Cryptocurrency Bonuses

In addition to the aforementioned free stock programs and cash bonuses, some brokers also offer cryptocurrency bonuses. These bonuses are typically paid with Bitcoin, although other popular coins may also be used as incentives.