The 14 Best Brokerage Account Promotions and Bonuses for 2021, brokerage promotions 2021.
Brokerage promotions 2021
As an amazon associate, I earn from qualifying purchases. More information charles schwab will give stock plan services clients a bonus of up to $500 when you open a new account and transfer in new funds with 45 days.
Top forex bonus promo
If you are not a stock plan service, they won’t give you this promotion (they will even let you apply and enter in a promotion code, but they won’t give you the bonus).
The 14 best brokerage account promotions and bonuses for 2021
Updated january 15, 2021
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Are you looking to open a new brokerage account to manage your portfolio of investments but aren’t sure which one?
Many online investment platforms compete for business by offering new account promotions based on the assets you can transfer to their platform. While promotions shouldn’t be the only consideration, these promotion/bonus amounts are too hard to look past.
There are a range of bonuses listed below, whether you have an established portfolio and looking to transfer stocks, or starting new.
Continue reading to review the best brokerage account promotions for new accounts.
Our top picks:
Webull – 4 free stocks worth up to $1,600
Webull is a free trading app from webull financial. They are a brokerage based out of new york city and regulated by FINRA, you can look them up on brokercheck. We have a full review of webull and their offer here.
For new signups, open and fund an account with $100 and they will give you 4 free stocks worth up to $1,600. They have no fees and no account minimums so it’s truly free stock.
Robinhood – free share of stock
Robinhood is a relatively new brokerage that will give you a free share of stock when you open an account. There are no other requirements of the offer, you just need to open an account. No deposit, no transfer, no nothing. You can read more about the free share of stock promotion here.
Ally invest – up to $3,500
Ally invest is the online brokerage account I use because they offer free trades (U.S. Stock, etfs, and options) with no minimums and monthly balance requirements. I have an ally bank account so managing it all with one login is convenient too. I wish I would’ve taken advantage of their new account bonuses for transfers because it’s one of the most generous, here is the schedule based on how much you deposit within 60 days of account opening:
Here is the ally invest bonus structure:
- Deposit $10,000 – $24,999, get $50 cash
- Deposit $25,000 – $99,999, get $200 cash
- Deposit $100,000 – $249,999, get $300 cash
- Deposit $250,000 – $499,999, get $600 cash
- Deposit $500,000 – $999,999, get $1,200 cash
- Deposit $1,000,000 – $1,999,999, get $2,500 cash
- Deposit $2,000,000 or more, get $3,500 cash
They will also credit transfer fees if you move your account from another brokerage. Whatever the other brokerage charges, up to $150, they will reimburse you.
NVSTR –
NVSTR has a referral program where you can get up to $1,000 (but at least $10) when you sign up. The referring customer gets $10 to $1,000 too – and it’s a limited time offer. If you’ve never heard of them before, our NVSTR review can get you up to speed.
The only requirement is that you make one trade within a year and you can keep the bonus. There are no other requirements for the new account bonus.
There is also a deposit bonus. For a limited time, after you open your account, you can get a bonus based on what you deposit. You need to maintain this amount for one year to keep the deposit bonus.
Tastyworks
Tastyworks will give you 100 shares of a “highly liquid stock” when you open and fund a new cash or margin account with $2,000. The shares will be selected at random from a list of eleven stocks priced between $1 and $6, so you can get anywhere from $100 to $600 in this promotion with a stated average bonus of $200 – $220. There is a 70% chance of getting a stock priced under $2 and a 30% chance of getting a stock priced over $2.
You must keep the initial value of the stock, less any loss in value, in the account for a minimum of three months.
The referral/promotion code for this offer is “STOCK_AWARD_20” and you must put it in the referral code field when applying.
Sofi invest – $50
Sofi invest is the brokerage arm of sofi, the student loan refinancing company. They’ve recently branched out into other areas, including sofi money (banking), and they are now offering a $50 bonus if you sign up and deposit at least $25.
With sofi invest, you can manage your portfolio (active investing) or go with a roboadvisor approach (auto investing). With active investing, you can invest in stocks, cryptocurrencies, and etfs without paying a trading commission.
For a limited time, get $50 in stock from sofi invest if you sign up with a referral link and deposit at least $1,000. There’s no trading requirement.
Betterment
Betterment is one of the largest and most respected robo-advisors, you can see our review of betterment for a closer look at their service.
For new accounts, they will waive the management fee of 0.25% depending on how much you transfer:
- Deposit $15,000 – $99,999, get 1 month managed free
- Deposit $100,000 – $249,999, get 6 months managed free
- Deposit $250,000+, get 12 months managed free
Citi personal wealth management
Citi personal wealth management has a juicy bonus offer when you transfer new-to-citibank funds within 2 months of opening an account. You also will need to enroll in e-delivery of statements and then keep those funds in the account through the end of the next month (or three months after the month of account enrollment). Bonus will be credited three months after you meet the maintenance requirement.
Here’s the citi bonus transfer schedule:
- Fund with $50,000 – $199,999: $500
- Fund with $200,000 – $499,999: $1,000
- Fund with $500,000 – $999,999: $1,500
- Fund with $1,000,000 – $1,999,999: $2,500
- Fund with $2,000,000+ $3,500
Merrill edge – up to $600
Merrill edge, a bank of america company, will give you up to $1,000 if you open a new merrill edge account using the offer code 600ME. You just need to transfer your funds within 45 days, maintain that balance for 90 days, and you will get the cash bonus in 2 weeks. This bonus applies to individual merrill edge iras or cash management accounts, which is what they call their taxable brokerage accounts.
Here’s the merrill edge bonus transfer schedule:
- Fund with $20,000 – $49,999: $100
- Fund with $50,000 – $99,999: $150
- Fund with $100,000 – $199,999: $250
- Fund with $200,000+ $600
If you are a preferred reward client, you may get up to $900 with this alternative offer.
Charles schwab – up to $500
Charles schwab will give stock plan services clients a bonus of up to $500 when you open a new account and transfer in new funds with 45 days. If you are not a stock plan service, they won’t give you this promotion (they will even let you apply and enter in a promotion code, but they won’t give you the bonus).
Here’s charles schwab’s bonus transfer schedule:
- Fund with $10,000 – $24,999: $100
- Fund with $25,000 – $45,999: $200
- Fund with $50,000 – $99,999: $300
- Fund with $100,000+ $500
Update: I have received reports from readers that you don’t get cash but instead get “trade credits” which can be used to pay the commission for trades. If you are considering this offer, call to confirm the details.
E*TRADE – up to $2,500
When I think of new account promotions, I think of E*TRADE. For years, they had an offer where you could get up to $3,000 (if you had over a million dollars in assets to transfer!) and 60 days of free trades if you open a non-retirement brokerage account.
With the recent rush of brokerages offering free trades, the promotion is now just cash.
You can find the full details here but this is the offer:
- Deposit $5,000 – $9,999, get $50 cash
- Deposit $10,000 – $19,999, get $100 cash
- Deposit $20,000 – $24,999, get $150 cash
- Deposit $25,000 – $99,999, get $200 cash
- Deposit $100,000 – $249,999, get $300 cash
- Deposit $250,000 – $499,999, get $600 cash
- Deposit $500,000 – $999,999, get $1,200 cash
- Deposit $1,000,000 or more, get $2,500 cash
Fidelity – promotion expired
Fidelity doesn’t offer any cash bonus right now and their last promotion, for free trades, no longer applies as they’ve made many trades commission free.
This offer has expired. We will update it when fidelity issues a new promotion.
Tradestation – $100 – expired promotion
Tradestation has a “cash madness” promotion where you can get $100 when you open and fund a tradestation securities account with $500 or more. All you have to do is open a new tradestation securities account using the offer code ZINGAFOG, deposit at least $500 within thirty days of opening your account, and then maintain the balance for one month after the funding date.
The promotion expired on july 1st, 2020. We will update this section when a new promotion arrives.
Frequently asked questions
Here are some frequently asked questions about bonuses and the brokerage transfer process.
How do transfers work?
Almost every brokerage firm supports ACATS, which stands for automated customer account transfer service, which lets you transfer your assets in-kind. This means that it transfers your assets as they are without you having to sell them. So if you have big gains in the stock, the shares just get transferred without you having to sell them, transfer the cash, and then buy them again.
You may run into hiccups if some items can’t be transferred. One common example is vanguard admiral shares of their mutual funds. Some brokerages will take them, others won’t. In these cases, you may have to transfer them to another asset type (like the ETF version), which will accept them.
ACATS does take a week or two to complete the transfer.
Is this worth it?
I don’t know if it’s worth hopping around from broker to broker, grabbing up the bonuses, but the process isn’t difficult. If you’re looking to make a move anyway, getting paid a little for the effort is better than not being paid. Some brokers may charge you to leave, which is something you’d be paying anyway, so hopping around may reduce your returns from the bonus perspective.
How do the taxes work?
If you are creating new taxable brokerage accounts, the bonuses will be reported and you will have to claim them on your taxes as income.
If you are creating retirement accounts, like an IRA, the bonuses are going into those accounts so you won’t owe taxes on them. For traditional iras, you’ll just be taxed when you start taking distributions. Roth iras will never be taxed. For each account, review the terms and conditions to see how the brokerage is treating it and you’ll know for certain.
Best brokerage account bonuses in january 2021
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Brokerages are aggressively competing for your money. One way they do so is by offering competitive bonuses that you can add right to your brokerage account. 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.
Here bankrate tracks the best brokerage account bonuses to help you compare active offers.
Best brokerage account bonuses in january 2021
- Ally invest: $50 to $3,500
- Merrill edge: $150 to $900
- Charles schwab: $100 to $500 (personally referred friend offer)
- E-trade: $50 to $2,500
Ally invest: $50, $200, $300, $600, $1,200, $2,500 or $3,500 bonus
New ally invest clients can earn up to a $3,500 cash bonus if they open a new account by march 31, 2021. The qualifying deposit must contain funds from outside of ally financial, and a person can only get the offer on one new ally invest securities LLC account. As an extra incentive, ally will credit your transfer fees from another brokerage, up to $150 as long as you bring at least $2,500 over to the new account.
Ally invest checks your deposit 60 days after your account is opened to determine the total qualifying deposit. You’ll receive your cash bonus within 10 business days after this review.
To receive a cash bonus, you must:
- Deposit at least $10,000 in a new ally invest account.
- Be a U.S. Resident.
- Not be an existing ally invest account holder or a former ally invest account holder (which includes former tradeking securities LLC account holders). You’re not eligible to receive the cash bonus if you closed one of these ally invest accounts within the past 90 days.
You must use the “open account” button associated with this offer on ally invest’s site for opening your account to be eligible for this offer.
Here are the bonus tiers for this offer:
- To receive the $50 bonus, deposit or transfer $10,000-$24,999.
- To receive the $200 bonus, deposit or transfer $25,000-$99,999.
- To receive the $300 bonus, deposit or transfer $100,000-$249.999.
- To receive the $600 bonus, deposit or transfer $250,000-$499,999.
- To receive the $1,200 bonus, deposit or transfer $500,000-$999,999.
- To receive the $2,500 bonus, deposit or transfer $1 million -$1,999,999.
- To receive the $3,500 bonus, deposit or transfer $2 million or more.
Once you receive your bonus, both the cash bonus and your qualifying deposit (minus any trading losses that are incurred) can’t be withdrawn for 300 days. A withdrawal may cause ally invest to revoke your bonus.
Read bankrate’s ally invest review to learn more.
Merrill edge: $150, $225, $375 or $900 bonus
When you open a merrill edge IRA or cash management account and make a qualifying deposit within 45 days of opening you can earn up to a $900 bonus. You need to use offer code 900ME during the account opening. This can be done while applying online or using it when speaking to a merrill edge financial adviser on the phone or at select bank of america branches. This offer expires april 15, 2021.
To receive a cash reward, you must:
- Enroll for the offer at the time of account opening.
- Deposit net new assets of at least $20,000 into your merrill edge account within 45 days of opening the account.
- You must be enrolled in the preferred rewards program within 90 days of making the deposit.
- Maintain that balance for at least 90 days.
The offer limits you to one IRA — rollover, traditional, roth and sole-proprietor SEP only — and one cash management account. Each account holder can’t have more than two enrolled accounts.
Assets from bank of america, merrill lynch, pierce, fenner & smith incorporated (MLPF&S), U.S. Trust, or 401(k) accounts administered by MLPF&S aren’t qualifying net new assets.
You’ll receive your cash reward two weeks after the initial 90-day period, assuming you meet eligibility requirements.
Business/corporate accounts, investment club accounts, partnership accounts and certain types of fiduciary accounts held at merrill edge aren’t eligible for this offer. The offer also doesn’t apply to accounts, which include iras or cmas, held with other business units of MLPF&S.
Here are the bonus tiers:
- To receive the $150 cash reward, deposit $20,000 to $49,999.99.
- To receive the $225 cash reward, deposit $50,000 to $99,999.99.
- To receive the $375 cash reward, deposit $100,000 to $199,999.99.
- To receive the $900 cash reward, deposit $200,000 or more.
Read bankrate’s merrill edge review to learn more.
Charles schwab: $100, $200, $300 or $500 (if you’re referred by a friend)
Schwab is offering personally referred friends the opportunity to earn up to $500 when they use a referral code, given to you by a current schwab customer, and open an eligible account at schwab.
To receive the bonus award, you must:
- Receive a referral code from a friend or family member.
- Be a new schwab client and make a qualifying net deposit within 45 days of both becoming a schwab customer and opening an eligible retail brokerage account.
You’re limited to one per account and only one account per client when you receive a referral.
Schwab retail brokerage accounts and iras are eligible for this offer. This includes accounts that are enrolled in schwab-sponsored investment advisery programs, such as schwab intelligent portfolios, schwab managed portfolios, schwab managed account select and connection and schwab private client.
You’ll receive your bonus approximately a week or two after the 45-day period ends if you made a qualifying deposit when becoming a new schwab customer and enrolling in the referral offer.
Schwab may charge back its bonus award if taxable accounts aren’t kept at schwab for at least one year.
Here are the bonus tiers for this offer:
- To receive a $100 bonus, deposit $1,000-$24,999.
- To receive a $200 bonus, deposit $25,000-$49,999.
- To receive a $300 bonus, deposit $50,000-$99,999.
- To receive a $500 bonus, deposit $100,000 or more.
Read bankrate’s charles schwab review to learn more.
E-trade: $50, $100, $150, $200, $300, $600, $1,200 or $2,500 bonus
You can earn a cash bonus if you open a retirement or brokerage account and fund it with $5,000 or more within 60 days of account opening. Your account must be opened by jan. 31, 2021.
To receive a cash bonus, you must:
- Use promo code WINTER21 when opening the account.
- Open your new account with funds or securities from accounts outside of E-trade. You need to also keep the new account (minus any trading losses) for at least 12 months to keep the cash bonus.
Here are the cash bonus tiers for this offer:
- To receive a $50 bonus, deposit or transfer $5,000-$9,999.
- To receive a $100 bonus, deposit or transfer $10,000-$19,999.
- To receive a $150 bonus, deposit or transfer $20,000-$24,999.
- To receive a $200 bonus, deposit or transfer $25,000-$99,999.
- To receive a $300 bonus, deposit or transfer $100,000-$249,999.
- To receive a $600 bonus, deposit or transfer $250,000-$499,999.
- To receive a $1,200 bonus, deposit or transfer $500,000-$999,999.
- To receive a $2,500 bonus, deposit or transfer $1 million or more.
Read bankrate’s E-trade review to learn more.
Best brokerage account deals and bonuses right now: earn up to $3,500 with a new account
Get more cash to build wealth with these top brokerage deals and promotions.
Brokerage | brokerage bonus offer | bonus trigger |
TD ameritrade | $350-$2,500 | account opening and deposit minimum |
M1 finance | $250-$2,500 | account opening and transfer minimum |
stash | $5 | account opening and deposit minimum |
betterment | 1-12 months of free portfolio management | account opening and deposit minimum |
blockfi | $15-$250 free bitcoin | account opening and deposit minimum |
ally invest | $50-$3,500 | account opening and deposit minimum |
robinhood | $2.50-$200 worth of free stock | account opening |
webull | $8-$1,600 of free stock | deposit minimum |
charles schwab | $100-$500 | account opening and deposit minimum |
merrill edge self-directed | $100-$600 | account opening and deposit minimum |
E-trade | $25-$2,500 | account opening and deposit minimum |
If you’re unsure how to choose between this list of brokerage bonuses, these deciding factors on an investment brokerage will show you what to look for in a new account.
Best brokerage account bonuses right now
Building an investment portfolio can take time, but some top brokerage firms can help you with promotions, deals, referral bonuses and sign-up bonuses. Depending on how much money you have to invest, these brokers may offer to deposit a cash bonus into your account, give you free stock or provide fee-free investing for a set period.
If you’re looking for a new brokerage to help manage your portfolio, or if you’re a beginner investor who is excited to get started, check out these brokerage bonus offers to see how you can maximize your return.
1. TD ameritrade bonus: $350-$2,500
One of the largest brokers in the U.S., TD ameritrade provides a platform for all kinds of investors. It offers a robust set of resources and tools and doesn’t charge commissions on online trades of stocks, mutual funds and exchange-traded funds (etfs).
TD ameritrade’s requirements to earn a sign-up bonus are a bit steep, so less experienced investors may not qualify. But the broker’s platform is among the best. With commission-free on stocks, mutual funds and other securities, TD ameritrade is still worth considering for long-term investing needs.
Read our full review of the TD ameritrade bonus.
2. M1 finance bonus: $250-$2,500
If you’re looking for an online stock broker that provides both investing and banking services, M1 finance may be ideal. With just $100, you can open an account and start trading various securities — that includes fractional shares, which allow you to purchase portions of shares in publicly-traded companies and benefit from gains without needing a lot of money. Plus, as an added benefit, the platform offers free trades.
M1 finance’s transfer bonus requires new money to be deposited into your account by october 31, 2020.
While this robo-advisor doesn’t offer a cash bonus, the features alone make this online broker worth considering. In addition to DIY-investing and checking, M1 finance offers the chance to borrow on margin at a low interest rate, especially if you register for an M1 plus account. It even offers commission-free trading for both trade windows and cash-back rewards for everyday spending.
Read our full review of the M1 finance bonus.
3. Stash bonus: $5 slickdeals bonus
slick tip: use this slickdeals affiliate link to automatically receive your $5 bonus offer to invest. |
If you’re relatively new to investing, meeting high deposit minimums may not be an option. With stash invest, though, you can get a bonus of $5 after you open a stash investment account and deposit $5 or more in new funds. While it may be a small incentive, it is a dollar for dollar match on your first $5 deposit.
That $5 sign-up bonus can be among your first dollars to invest with stash, and you can use it to trade stocks — including fractional shares — and etfs. Stash also offers a stock-back rewards program with its checking account, which means that you can earn rewards in the form of stocks when you make qualifying purchases with your stash debit card.
Just keep in mind that there’s a monthly fee that ranges from $1 to $9, depending on which features you want and how much you want to earn in stock-back rewards. However, like many online stock brokers, stash offers free trades which can help you to recover the cost of monthly fees.
Read our in-depth stash bonus review.
4. Betterment bonus: 1-12 months free portfolio management
One of the pioneers of robo-advising, betterment offers the chance to invest and bank all under one roof. On the investing side of things, the brokerage firm uses algorithms to manage your portfolio for you in exchange for a 0.25% annual fee. You can also upgrade to a premium plan with access to certified financial planners and advice for investments outside of betterment for a 0.40% annual fee.
For smaller investments, getting just one month for free may not amount to much. But it can give you some time to test-drive the platform and decide whether a robo-advisor is right for you.
5. Blockfi bonus: $15 – $250 in free bitcoin
slick tip: use this link and automatically earn your bonus after direct depositing the eligible bonus amount (see below). |
Cryptocurrency is a relatively new investment option, and blockfi is taking innovative steps to allow investors to take advantage of it. You can use the broker’s platform to buy and sell various cryptocurrencies, interest on your investment and even use your cryptocurrency as collateral to borrow money.
Blockfi is currently running a new block interest account (BIA) promotion. Fund your new block interest account with $25 or more on or before november to earn a one-time bitcoin bonus of $15 to $250. You must be a new blockfi customer to qualify for this bonus.
The blockfi interest account lets you put your crypto to work and earn monthly interest payments in the asset-type that you deposit with blockfi. Blockfi bonus fine print New clients who sign up through this referral link and fund their account during the current promotional period are eligible to receive $15 – $250 bitcoin bonus (in USDC) depending on their investment tier. The current promotional period is defined as the current calendar month ending at 23:59:59 UTC on the last day of the month. Please note, this must be your first deposit, and you must maintain a minimum $25 crypto balance through the 14th of the month for two and a half months from the month of eligibility in order to remain eligible. Eligible payouts occur on the 15th of every month on a rolling basis. If the 15th falls on a weekend, then the bonus payout will occur by the end of the next business day. There is a maximum of one bonus per client. This offer cannot be combined with other trading offers. Trading qualifications are dependent upon geographical or regulatory restrictions. Terms subject to change. Blockfi referral bonuses Once you’ve become a blockfi customer, you are eligible for their referral program which provides referral links for you to share. For every person that signs up using your blockfi referral code and deposits $100 or more into their blockfi interest account, you and that friend will each earn $10 in BTC. You can obtain a blockfi referral links by visiting the refer-a-friend landing page. Similarly, new promotions and past promotions are listed here on the blockfi promotions page. 6. Ally invest bonus: $50 – $3,500Ally invest is an online-only bank that offers a variety of banking, lending and wealth management services. It also offers one of the biggest bonuses for new investing customers that we’ve seen. If you open an ally self-invest account by december 31, 2020 and fund it with a certain amount within the first 60 days of account opening, you can receive up to $3,500. Ally invest features commission-free trades on eligible U.S exchange-listed stock, ETF, and option trades. In fact, at $0.50 per contract, ally invest offers low-cost fees for option trades and a wide selection of etfs from vanguard, globalx, ishares and more. Ally invest offers high-yield etfs from market leaders that may complement your portfolio and help diversify your investing strategy 7. Robinhood bonus: $2.50 – $200 worth of free stockRobinhood helped pioneer the mobile investing movement, as well as commission-free trades. The commission-free platform allows you to trade stocks (fractional shares included), options, cryptocurrencies and etfs, and there’s no minimum to get started. What’s more, the broker’s bonus is easy to earn: simply open a new account, and you’ll receive a free stock worth between $2.50 and $200. With no barrier to entry, this one may be the best online stock option for inexperienced investors. One thing to keep in mind, though, is that robinhood doesn’t offer retirement accounts. So you may want to consider another option if you’re hoping to open one of those. 8. Webull bonus: $8 – $1,600 of free stockAnother great mobile-first trading platform, webull offers the chance to invest in stocks, etfs and options (though you can’t trade fractional shares). Also, like robinhood, webull doesn’t require massive deposits to earn its welcome offer of free stocks. You can receive up to two free stocks each valued between $8 to $1,600 when you open an account with the broker and fund it with $100 or more. The broker also offers several ways to earn more free stock, including through referral links and other ongoing promotions. If you’re just starting out or you’re not sure you want to move a lot of money, webull can get a great place to start. In addition to offering free trades, another one of webull’s strengths is its investment in technical research, which can be a huge plus for experienced investors and others who want to learn. 9. Charles schwab: $100-$500Like TD ameritrade, charles schwab is one of the largest brokers in the U.S., and offers a much wider range of investment options, resources, tools and other features than many of the smaller brokers on our list. While the sign-up deposit requirements are a bit steeper than some other brokers, the lowest tier is still relatively accessible to investors with lower net worths. 10. Merrill edge self-directed account bonus: $100 – $600To earn the cash bonus, you’ll need to make your qualifying deposit of new funds within 45 days of opening your account, then keep it in the account for 90 days after that. And remember, the sign-up bonus only works for merrill edge self-directed accounts, which is where you manage your own portfolio. If you open a guided investing account with a professional manager, you’ll be ineligible for the promotion. Merrill edge’s bonus is more accessible than many other broker bonuses, but still requires a good amount of cash to get the minimum amount. 11. E-trade brokerage and retirement accounts: $25 – $2,500Once you meet the requirements, you’ll receive your cash bonus within seven business days. The offer is valid on new accounts opened by dec. 31, 2020, but you’ll have 60 days after that deadline to meet your deposit requirement. You also need to maintain the funds in the account (minus any trading losses you incur) for 12 months. 4 signs it's time switch brokerages in 2021The ascent is reader-supported: we may earn a commission from offers on this page. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Image source: getty images Should you change to a different brokerage firm in the new year? Investing your money can help you build wealth, but you want to pick the right place to put your dollars. That doesn't just mean picking the right assets, but also the best brokerage firm to facilitate the investing process. There's a huge number of different brokers out there, each offering their own unique features. Unfortunately, far too many people just stick with the one they started with and don't take the time to compare all their options. If this sounds like it might be your situation, be on the lookout for these four signs that it's time to switch brokers in 2021. 1. You're still paying commissionsTraditionally, brokers charged commission to buy and sell stocks. However, virtually all good discount online brokers have done away with this unnecessary fee that eats into your returns. If you still have to pay to make investments, this is a major sign that it's time to make a change. Many brokerage firms don't charge fees for trading -- including well-established big-name players -- so there's no excuse for paying commission fees. The ascent's picks for the best online stock brokersFind the best stock broker for you among these top picks. Whether you're looking for a special sign-up offer, outstanding customer support, $0 commissions, intuitive mobile apps, or more, you'll find a stock broker to fit your trading needs. 2. You have limited investment optionsYou shouldn't be limited in your investment choices because your broker is too restrictive in the options available to you. You should be able to buy stocks on U.S. Exchanges, obviously, but you may also want a brokerage firm offering a good mix of etfs, mutual funds, and options. Fractional shares may also be a great addition to your portfolio as they open the door to buying stock in companies with high share prices. And some brokerages even offer the option to add alternative investments to your portfolio, such as cryptocurrency. If you find yourself wishing your brokerage had more investment choices, make a change so your efforts to build your portfolio aren't limited by its shortcomings. 3. The mobile experience is lackingBeing able to manage your portfolio from your phone or tablet can be especially important as you may want to make trades when you aren't on your laptop or computer. If your brokerage has a mobile app that's very limited or that's hard to navigate, this alone may be reason to find a different one that makes account management easy from any device. 4. Your brokerage doesn't offer all the account types you needThere are many investment account types you could put your money into, including taxable brokerage accounts, solo 401(k)s, 529 savings accounts, various types of iras, and custodial accounts, among others. Not all brokers offer access to all of these account types. While you could spread your money across different brokers, that just makes it harder to manage everything -- and to make sure your portfolio remains diversified. If you find yourself unable to open one of the accounts you desire with your current broker, think about switching to one that makes it easy for you to keep all your investments in the same place. Buying your first stocks: do it the smart wayOnce you’ve chosen one of our top-rated brokers, you need to make sure you’re buying the right stocks. We think there’s no better place to start than with stock advisor, the flagship stock-picking service of our company, the motley fool. You’ll get two new stock picks every month from legendary investors and motley fool co-founders tom and david gardner, plus 10 starter stocks and best buys now. Over the past 17 years, stock advisor’s average stock pick has seen a 569% return — more than 4.5x that of the S&P 500! (as of 1/15/2021). Learn more and get started today with a special new member discount. The start of a new year is a great time to look into alternatives and find a brokerage that's a better fit if one or more of these problems applies to you. Take action soon, so you don't find yourself ending 2021 with the same dissatisfying broker you were working with at the start of the year. Using the wrong broker could cost you serious moneyOver the long term, there's been no better way to grow your wealth than investing in the stock market. But using the wrong broker could make a big dent in your investing returns. Our experts have ranked and reviewed the top online stock brokers - simply click here to see the results and learn how to take advantage of the free trades and cash bonuses that our top-rated brokers are offering. About the authorChristy bieber is a personal finance and legal writer with more than a decade of experience. Her work has been featured on major outlets including MSN money, CNBC, and USA today. E*TRADE brokerage promotions 2021: up to $2,500 in cash offerFind new E*TRADE promotions, bonuses, and offers for stocks, forex, futures and mutual funds here. *it’s worth mentioning to use robo-advisors like betterment and wealthfront if you’d like to have a professional handle your investments.* E*TRADE offer includes $0 commissions for online stock, ETF, & options trades. Join E*TRADE today! About E*TRADE promotionsE*TRADE is a financial services company headquartered in new york city. It is an online discount stock brokerage firm for self-directed investors. Investors can buy and sell such securities as stocks, bonds, options, mutual funds, and exchange-traded funds via electronic trading platforms or by phone. This innovative site has made a name for itself in online brokerage with its streamlined trading process, outstanding customer service, and various trading tools. E*TRADE also provides banking services to retail investors, such as sweep deposits and savings products. Editor’s note: in addition to E*TRADE promotions, take advantage of other popular brokerage bonuses such as ally invest, chase you invest, and TD ameritrade.
E*TRADE summaryE*TRADE is offers $0 commissions for online stock, ETF, & options trades. Join E*TRADE today!
(visit E*TRADE to learn more) E*trade up to $2,500 bonus cashOffer valid for new E*TRADE securities customers opening one new eligible retirement or brokerage account by 1/31/2021 and funded within 60 days of account opening with $5,000 or more. Promo code ‘WINTER21‘.
How to earn bonus
Offer terms
Bottom lineE*TRADE has always been a leading financial services company and pioneer in the online brokerage industry. Having executed the first-ever electronic trade by an individual investor more than 30 years ago, the company has long been at the forefront of the digital revolution, focused on delivering complete and easy-to-use solutions for traders, investors and stock plan participants. Most people like the ease of website navigation, features of their industry-leading mobile app, and the abundance of educational materials that are available. Make sure you check out the current offers and choose the right account for you. E*trade is only applicable to US based person. If you want to check up on the internet’s most complete list of brokerage promotions, keep coming back to HMB for more! Bookmark this page and check back often for E*TRADE promotions, bonuses, and offers. Best broker promotions, deals, and bonuses of 2021Modified date: january 18, 2021 Below is a list of nine brokerage firms and their promotions, deals and bonuses in 2019. It’s up to you to decide which is the best offer for your particular situation, so we’ve listed them in alphabetical order for your to peruse. Enjoy! Compare best brokerage promotionsAlly investAlly invest is currently offering a terrific cash promotion where new account holders can earn up to $3,500 when signing up. Details are as follows.
RobinhoodRobinhood is an excellent platform for both new and experienced traders. Their app is easy to use, offers quick navigation to current news, and makes trading super simple. And right now, when you sign up for a new robinhood account, you’ll get one free stock added to your account. Once you sign up and open the app, you’ll click the link to get a free stock. From there, robinhood will add one share of free stock to your account at random. The value of the share you receive may be anywhere between $2.50 and $200, and fluctuates based on market movements. You’ll be able to keep the stock or sell it after 2 trading days. Check out our full robinhood review to learn more. BettermentBetterment is one of our favorite robo-advisors right now. And if you sign up, you can receive up to 12 months of free service from betterment. As long as you have an initial deposit of $15,000 or more. There are tiered levels for free bonus management, which as a reminder, will wipe away the 0.25% management fee that betterment normally charges. And you have to deposit this money within 45 days after you sign up for an account. The offer is only available to U.S. Residents. The current tiers are as follows:
So in order to get the full year free, you have to deposit at least $250,000 to your account. However, that’s a substantial savings when you consider even the 0.25% management fee. Make sure to check out our full betterment review for more information. Charles schwabIn addition to regular low stock trading fees of $8.95 per trade, charles schwab is currently offering 500 commission-free online trades for an entire year. The offer includes quarterly one-on-one check-in sessions with a trading coach over the course of the year. In order to qualify, you need to open a new account and make a net deposit of $50,000 or more. The deposit must be made within 45 days of opening the new account. Fidelity investmentsFidelity investments already offers an attractive investment platform with regular stock trades at $7.95 per trade. But they are also offering a free trades bonus with both regular accounts and iras. The offer is open to both new accounts and new deposits into existing accounts. Fidelity investments also uses a sliding scale but only two tiers for free trades
The offer is open to both new and existing account holders. You must designate an existing eligible fidelity brokerage IRA or brokerage account or open and fund a new eligible fidelity brokerage IRA or brokerage account. The bonus will be calculated on net deposits into the qualifying account over a 60-day period from the time of registration. FirstradeFirstrade is offering up to 500 commission-free trades for 30 days. Eligibility rules require you to open a new account and deposit at least $2,000 into it within 30 days of opening. That’s on top of their already low stock trading fee of $6.95 per trade. They are also offering cash bonuses for larger deposits, in addition to 500 commission-free trades for 30 days:
The account must remain open for 12 months with the minimum funding or assets required for participating in the offer. If not, firstrade may charge the account for the cash and commission credits awarded to the account. Qualified IRA account holders must also have a brokerage account with firstrade to receive cash rewards. Firstrade does disclose that they will issue a form 1099 on bonuses paid of $600 or more during the calendar year. Firstrade is also offering to rebate up to $200 in transfer fees if you transfer at least $10,000 from another brokerage firm. Merrill edgeMerrill edge is offering 300 no-fee online trades when you open up a new account with them (the normal trading fee is $6.95 per trade). The free trade offer applies to trades on both stocks and etfs. Along with the free trades, they are also offering the following bonus schedule:
On the surface, this doesn’t look as generous as the previous broker bonuses, but on closer inspection, you’ll see that the $600 kicks in at $200,000, while the others all require $250,000 to get the same bonus money. The offer applies to new accounts only. You must make a qualifying deposit to your new account within 45 days and maintain the deposit for a minimum of 90 days. Like firstrade, merrill edge confirms that they may issue a 1099 on the cash bonus. USAA is offering 50 free trades. To be eligible the trade must be an equity security, 1,000 shares or less, priced greater than $1, and placed through a self-service channel. Options are not subject to the free trades. After 50 free trades or 90 days (whichever comes first) the account will revert to your gold or platinum fee schedule, depending on asset and activity levels. The offer is good through december 31, 2015. E*TRADE brokerage promotions 2021: up to $2,500 in cash offerFind new E*TRADE promotions, bonuses, and offers for stocks, forex, futures and mutual funds here. *it’s worth mentioning to use robo-advisors like betterment and wealthfront if you’d like to have a professional handle your investments.* E*TRADE offer includes $0 commissions for online stock, ETF, & options trades. Join E*TRADE today! About E*TRADE promotionsE*TRADE is a financial services company headquartered in new york city. It is an online discount stock brokerage firm for self-directed investors. Investors can buy and sell such securities as stocks, bonds, options, mutual funds, and exchange-traded funds via electronic trading platforms or by phone. This innovative site has made a name for itself in online brokerage with its streamlined trading process, outstanding customer service, and various trading tools. E*TRADE also provides banking services to retail investors, such as sweep deposits and savings products. Editor’s note: in addition to E*TRADE promotions, take advantage of other popular brokerage bonuses such as ally invest, chase you invest, and TD ameritrade.
E*TRADE summaryE*TRADE is offers $0 commissions for online stock, ETF, & options trades. Join E*TRADE today!
(visit E*TRADE to learn more) E*trade up to $2,500 bonus cashOffer valid for new E*TRADE securities customers opening one new eligible retirement or brokerage account by 1/31/2021 and funded within 60 days of account opening with $5,000 or more. Promo code ‘WINTER21‘.
How to earn bonus
Offer terms
Bottom lineE*TRADE has always been a leading financial services company and pioneer in the online brokerage industry. Having executed the first-ever electronic trade by an individual investor more than 30 years ago, the company has long been at the forefront of the digital revolution, focused on delivering complete and easy-to-use solutions for traders, investors and stock plan participants. Most people like the ease of website navigation, features of their industry-leading mobile app, and the abundance of educational materials that are available. Make sure you check out the current offers and choose the right account for you. E*trade is only applicable to US based person. If you want to check up on the internet’s most complete list of brokerage promotions, keep coming back to HMB for more! Bookmark this page and check back often for E*TRADE promotions, bonuses, and offers. The best brokerage and investing bonus offers right nowUpdated: january 1, 2021 by robert farrington There are thousands of financial products and services out there, and we believe in helping you understand which is best for you, how it works, and will it actually help you achieve your financial goals. We're proud of our content and guidance, and the information we provide is objective, independent, and free. But we do have to make money to pay our team and keep this website running! Our partners compensate us. Thecollegeinvestor.Com has an advertising relationship with some or all of the offers included on this page, which may impact how, where, and in what order products and services may appear. The college investor does not include all companies or offers available in the marketplace. And our partners can never pay us to guarantee favorable reviews (or even pay for a review of their product to begin with). For more information and a complete list of our advertising partners, please check out our full advertising disclosure. Thecollegeinvestor.Com strives to keep its information accurate and up to date. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product's website. All products and services are presented without warranty. It took me a while to start investing because it seemed so complex. Not only did you have to decide what stock to buy, but you also had to figure out how to buy it! Since you can't deal directly with companies, that means a "broker" — a middleman from whom you can buy any companies' stock or mutual funds that combine a lot of stocks into one basket. Nowadays, there are a lot of brokers out there, ranging from old-school companies like charles schwab where you have a relationship with a local office and a person, to slightly newer behemoths like vanguard and fidelity, to upstarts like betterment that aim to totally automate the process. Plus, there are all the free investing apps out there. But how do you choose which broker to go with? Since many of these companies are well known and trustworthy (that is, they won't run off with your hard-earned money the way bernie madoff did), you need some way to distinguish them. In my opinion, if you're trying to distinguish between trustworthy companies, there are three things to take into consideration:
The internet age is really making the third factor shine! Practically every month new offers come out as brokers try to entice people to move their investments, or to begin investing for the first time. This is a great time to be thinking about opening a new investment account. Because it's so easy to research fees and offers, many of the big brokerages are matching each other's prices and offers, making the environment better and better for customers. Note: due to the pricing wars with the major brokers over the last few months, many have changed or eliminated their bonuses. We've worked hard to keep up, but if you notice something different, let us know! I took a look around and here are some of the best stock brokers and investing offers out there right now: FBS new year 2021Join promo in FBS mobile apps and enjoy the whole month of amazing gifts!Thank you for participation!This promo is over, but there will be a new one soon. Register with FBS to receive fresh news and miss no announcements. On january 19 we will conduct a raffle, the sole one for all FBS clients. Watch it online to see if you are among the winners of the main prizes! Celebrate new year with FBSNew year’s eve is a special time. The time to analyze the past year and make plans for the future. The best way to start a new page of life is with your close ones to support you on your journey. Join our promo with amazing gifts and let FBS to be on your side on this special occasion! December 16, 2020 – january 15, 2021 It’s easy to get your gift box!Depending on the app, trade 2 lots or invest $50 and celebrate new year full-loaded with prizes. Open your gift boxes!Get a box with a gift for every two traded lots or every $50 invested. Find a lucky ticket and participate in the main prize draw. An amazing scooter for those who wants to keep up with everything Get from $1 to $100 to your trading account in FBS personal area, FBS copytrade, or FBS trader Win one of the three classy laptops Win one of the three branded jerseys Get one of the amazing unlimited presents Get one of the amazing unlimited presents Get one of the amazing unlimited presents Get one of the amazing unlimited presents Get from 5 to 25 loyalty points to your trading account in FBS personal area, FBS copytrade, or FBS trader Get one of the amazing unlimited presents Consultation with an analyst Get one of the amazing unlimited presents Get one of the amazing unlimited presents Wireless headphones JBL Get one of the amazing unlimited presents Get one of the amazing unlimited presents Get one of the amazing unlimited presents Get one of the amazing unlimited presents How to get gifts?Download the FBS app of your choiceOpen FBS account depending on the app. Start trading or investing to participate in the promo. Get guaranteed prizesLl you need to do to get your first prize now is, depending on the app, to trade 2 lots or invest $50. Join the raffle for the main prizeStay with us on january 19 for the live grand raffle of the main prizes! Be among the lucky winners! Choose the app and start getting gifts with FBS new year promo!Each app has different conditions to get your new year gifts. Choose the app to participate in the promo and celebrate new year full-loaded with prizes. Must-have app for managing FBS accounts and accessing essential trading data Powerful yet simple all-in-one mobile trading platform from FBS Social trading app to make investments Download FBS personal areaDownload FBS traderDownload FBS copytradeThank you for participation!This promo is over, but there will be a new one soon. Register with FBS to receive fresh news and miss no announcements. On january 19 we will conduct a raffle, the sole one for all FBS clients. Watch it online to see if you are among the winners of the main prizes! What are the mobile apps to participate in the promo?You can take part in the promo in FBS personal area, FBS trader, or FBS copytrade. Can I take part in the promo in all the apps at the same time?Sure! You can choose any FBS app or participate in the promo in all of them. What I need to participate in a main prizes raffle?6 traded lots or $150 invested money depending on the app you are participating in the promo. They are equal to 1 lucky ticket for the grand raffle finale, where you get the chance to win one of the main prizes. Share with friends:Withdraw with your local payment systemsFBS at social mediaContact us
The website is operated by FBS markets inc.; registration no. 119717; FBS markets inc is regulated by IFSC, license IFSC/000102/124; address: 2118, guava street, belize belama phase 1, belize The service is not provided in the following countries: japan, USA, canada, UK, myanmar, brazil, malaysia, israel and the islamic republic of iran Payment transactions are managed by НDС technologies ltd.; registration no. HE 370778; address: arch. Makariou III & vyronos, P. Lordos center, block B, office 203 For cooperation, please contact us via support@fbs.Com or +35 7251 23212. Risk warning: before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience. Any copying, reproduction, republication, as well as on the internet resources of any materials from this website is possible only upon written permission. Data collection noticeFBS maintains a record of your data to run this website. By pressing the “accept” button, you agree to our privacy policy. Brokerage promotions 2021Happy holidays and we wish you an amazing new year.We want to say thank you to all of our clients that have been with us during 2020 and as usual we prepared some nice presents both for our existing and new clients. Spin the new year roulette and get one of the prizes that suits you the best: 1. "50% or 90% discount VIP" bonusAll 5 markets available for trading 2. "50% discount standard" bonusAll deposit commission covered from our end 3. "free VPS" bonus100% needed for EA’s users Access from all over the world 4. 50% off on "100% deposit" bonusNo hidden conditions on withdrawals Work for you for 12 month 5. "10%, 15%, 20% or 30% deposit" bonusesProtect account during drop downs |
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