Trading broker with free bonus

Is bonus with no deposit on forex a scam? So you already got it free bonus is important and joining with a regulated broker is better.

Expose what is the meaning of forex no deposit bonus. You gain a real forex trading account with original money on it no deposit required from your side

Youвђ™re probably interested in forex live trading. It is a good way to increase your wealth if you have the right skills and knowledge about the industry as a whole. However, itвђ™s worth to mention that there are a lot of pitfalls in forex trading. If you fail to become an expert in trading before investing large sums of money in it, you may be leading yourself towards financial ruin.

Now, sure, you have read dozens of articles on forex and how to make a profit on it. You have seen dozens of people talk about their immense fortunes earned by trading. What you havenвђ™t seen is thousands of people who only suffered losses when they started trading. Donвђ™t become one of them, trade with skill.

You canвђ™t get experience unless you fail. But how do you get trading skills if you donвђ™t want to lose your own money to learn? The answer is to get a no deposit forex bonus on a forex trading platform.

It is a free bonus (no deposit required) with no deposit required and no strings attached. You just have to register to get anywhere from $30 to $500 for free to get you started in trading. Make sure you don't waste the money and work hard to learn the basics.

Is bonus with no deposit on forex a scam?

While the industry has seen some fraudulent projects, most places that offer trading bonuses with no deposit are trustworthy. The thing is there are so many trading platforms that they have to compete against each other to win new paying customers. Giving away some free money for you to learn how to trade is only beneficial for them.
Profit from their offers. Browse the list of trading platforms that offer no deposit bonuses and chose the most beneficial option fo you.

Forex no deposit bonus is risk free and deposit free bonus. You don’t need any deposit, the broker will give you bonus after opening a new account. Just you need to register with a forex broker and verify your account. Then you can start your live trading.

This how forex broker makes their potential client. Forex broker utilizes no deposit bonuses to pull in new customers, particularly in the event that they are new brokers, to expand their demographic as quickly as conceivable which is the reason they offer such free rewards.

Presently, forex trading becoming more popular, so there are too many traders and they want to start deposit free welcome mean no deposit bonus. Luckily, there is various forex broker offering no deposit bonus for beginners. They offer amazing bonuses, often $5 USD to 100 USD.

How free bonus is important?

Most of the brokers offering bonus. In any case, the greater part of them is unregulated. They are doing it is a great way to find new clients and they can’t find another good way. But regulated forex broker is good they offer some good bonuses for a newbie to familiar with live trading and their trading platform. We reviewed unregulated forex broker offer a free bonus with too many conditions and trading period is very short like 15 days, 20 days maximum 30 days, also you can’t withdraw the bonus, you have to trade required standard lot volume within a short time. Also, you fell trouble with leverage, the maximum amount of withdrawing and withdrawal method and other things. Then?

However, forex free reward is significant for currency traders. A regulated broker always offers a good bonus with some easy conditions to familiar with them. I think finding a trustable broker is important, so a beginner can join with a regulated broker bonus and they have to check some important factors like leverage, speared, fees and commissions and other things. One other thing is a security issue and trading platform.

So you already got it free bonus is important and joining with a regulated broker is better.

In this case, if you are a newbie in this forex trading market, obviously you can start with a free no deposit bonus. Forex is an extremely entangled and professional market, you need some experience to success on trade. In this case, if you are new in the FX market, utilizing a free reward can enable you to make some profit and increase some knowledge on how the market actually work you can make money more.

When you get familiar with your way (strategy, techniques), you don’t need the free reward again. You'd have the option to trade and make plenty of benefits by live trading. Moreover, experience traders, sometime takes a free bonus to multiply their profit and test a new strategy.

Terms and conditions for free forex bonuses

The different broker set different terms and conditions. There are a lot of terms and conditions in a free bonus, some terms and conditions are really hard. Like you have to trade a certain number of standard lot volume to withdraw profit. But there have also some good trader they regularly making money with this free bonuses. They use tricky techniques, they always hunt bonus presenting a website to choose an amazing bonus. The choose bonus then joins, start trading make some money, and build up their special strategy.

On the other hand, some other brokers will give you one time to withdraw conditions. Some will ask to deposit for withdrawing and some will say to start live trading and internal transfer your amount.

Discover more about the free bonuses

You have learned a lot already from here, but sometimes beginner asks some question us this like:

Is forex free bonus is a welcome bonus?

Actually, most of the time broker gives the bonus after joining with them so you can say it is forex welcome bonus.

Also, some reputed broker gives a bonus to their old clients and new clients, its deposit bonus like a 20% deposit bonus. Example: a trader after deposit $100 the broker will give $20 and the trader will able to trade with $100.

Does forex broker give no deposit bonus without verification?

Yes! Usually, a broker doesn’t provide the free bonus without verification. First things you need to fill-up at least your name and email, you have to confirm your email id for the complete creation of account.

Usually, the broker wants some individual data like ID card, passport or utility document after opening or before withdrawing profit.

But sometimes it happens that forex broker offers no deposit bonus without any verification.

Can I make money with a free bonus?

Why not? The broker gives the bonus to trade on the real market. It totally depends on you, if you can make some profit it’s obviously yours. But we suggest free bonus for newbie and learn something and for familiar with real market trading and for preparing themselves for the future.

So you can make with free bonus and withdraw it after meeting the terms and conditions.

What is the best thing in a free bonus?

The best thing is if you have a no fund you can start live trading, you can learn new thing and if you can make some profit further you can trade it with a forex deposit bonus that will boost your trading capital.

So you have to start with a free bonus wisely.

Conclusion

Forex no deposit or deposit free trading bonus is a kind of blessing for a newbie, they can start live trading with it easily. Here is some good opportunity will help you to take a decision to choose a free bonus.

You can start live trading without any deposit

You can change your broker platform of a broker

You can earn some money and grow your confidence

You can change your trading instruments (currency pair, stocks, indices, share, commodities, and crypto currency)

You can start trade without pressure and risk free

You can develop your trading plan, strategy, and pattern

So you may say the free bonus is a really good opportunity to learn real forex trading, familiar with live trading environment and prepare yourself to take the challenge (forex trading contest)

Trading broker with free bonus

Deposit bonus – A bonus on funding a live account. The bonus credited on percentage of the deposit amount.

No deposit bonus – free bonus on account registration for the new clients to trade live without any risk.

Tradable bonus: A deposit bonus that can be lost and traded as the part of your trading equity.

Volume bonus – most common type of deposit bonus, it allows you to increase your trading volume. Often the bonus can be cashed on trading lot requirement.

Forex gift – A gift for the clients for completing certain requirements, everything from bonus to latest gadget

Freebies – free stuff by forex brokers like ebook, courses, trading materials etc.

Rebate – cash-back withdrawable bonus on each lot traded.

Demo contest – contests held on demo account, win cash/tradable money with no-risk involve!

Live contest – contest held on live account, deposit requires. Win bigger cash/prizes.

Refer – a-friend– refer your friend to your broker, when your friend deposit you will get a special bonus

Free signals – get free trading signals from the broker.

Free VPS – get access to an optimized forex virtual private server for free on maintaining a certain amount of trading balance.

Binary options – binary bets trading on forex instruments

Forum posting: get a small trading bonus for each of your post in forms.

3 affiliate IB: receive a commission from your fellow traders, specially design for the marketers.

Draw bonus: the winners chosen by a draw

Seminars webinars: find the schedule to participate in the online/offline events.

Expos events: inviting to attend the forex events & expos globally.

$50 no deposit bonus forex

Get our $50 no deposit bonus forex and start your forex trading career. Try our award-winning platform for free on any device and develop your trading skills.

FREE $50 WELCOME BONUS - AM broker gives you free money to start your forex journey and trade real

BOOST YOUR SKILLS - besides $50 you get a full set of educational materials and trading strategies

START WITHOUT DEPOSIT - learn how to trade and make a living out of it with a trusted forex broker

How to get the 50$ forex no deposit bonus?

Step 1: sign up

Just enter your details into the fields of our online form and click ‘submit’. Once email is confirmed you will be able to access the trader's room.

Step 2: open real account

Click on create an account, select real account, leverage 1:500 and USD as currency. You will receive an email with the credentials: login and password.

Step 3: upload documents

Fill out your personal profile and upload the required documents: ID copy, bank book and proof of residence.

Step 4: activate your account

Deposit a minimum of $10 to activate a real trading account and be eligible for the promotion.

Step 5: claim your bonus

Click on "promo codes" and type in "WELCOME 50" to be eligible for the no deposit forex bonus limited campaign. Click on "claim your bonus" to activate the campaign and the 50$ welcome bonus will be visible in your live trading account.

Step 6: start trading

Access the trading account from any device with metatrader 5 for desktop, web and mobile and start trading. The maximum profit you can withdraw is 100$. Good luck and happy trading!

Forex no deposit bonus faqs

This promotion gives new client a chance to test our trading conditions (execution, spreads, work of the trading platform) on the real account (on the real trade server). If the client likes trading conditions, he/she can fund account and continue trading with us.

As an international company, AM broker respects the anti-money laundering (AML), meaning that clients can not receive funds without depositing funds previously. Allowing profit withdrawals from free money offerings may put ourself and our clients at risk. Clients have to make an extra $10 deposit to be able to get the welcome bonus and withdraw funds according to the AML policy.

You can easily add more funds to your real accounts by logging in to AM broker trader’s room. Once you log in to trader’s room, click the deposit button and select one of the multiple options available with AM broker.

The no deposit forex bonus can be used by the client in trading operations without any restrictions. You can use automated trading or scalping techniques, any trading method is allowed with AM broker

You can receive a no deposit forex bonus only once. It is an welcome bonus. However, you can get a new type of bonus for any of your new deposits with AM broker.

You can get up to 25% bonus at deposit and 12% fixed annual interest for your next deposits at your wish. Just choose the suitable campaing, make a deposit and claim your new bonus.

If you forgot your username, please contact us for assistance. If you forgot your password, please go to trader’s room to reset your password.

Your country may not be suitable for a no deposit bonus forex or you have not followed the steps above. Please contact us via chat, email or phone for step-by-step guidance to get started with your $50 no deposit bonus forex 2020

Yes, the no deposit bonus forex will expire at the end of 2020. Follow our website for more details about the no deposit bonus campaign and other types of deposit bonus we offer.

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Cfds are complex financial instruments traded on margin. Trading cfds carries a high level of risk and may not be suitable for all investors. Please ensure that you understand the risks involved as you may lose all your invested capital. Past performance of cfds is not a reliable indicator of future performance. Most cfds have no set maturity date and a CFD position matures on the date an open position is closed. Please read our ‘risk disclosure notice’. When trading cfds with AM globe services LTD, you are merely trading on the outcome of a financial instrument and therefore do not take delivery of any underlying instrument, nor are you entitled to any dividends payable or any other benefits related to the same.

AM globe services ltd. Is the holding company of AM broker.

AM globe services ltd, the financial services center, stoney ground, kingstown, st. Vincent and the grenadines is incorporated under registered number 24863 IBC 2018 by the registrar of international business companies, registered by the financial services authority of saint vincent and the grenadines.

AM glober services ltd reserves the right to amend and upgrade its policies, terms and conditions. Most updated and valid company policies are published on AM broker website. Using any services of AM broker, clients and partners agree with the current terms and conditions provided in the company's agreements and legal documents. Clients and partners are considered aware of all risks concerning financial services and charges applied by AM globe services ltd.

Please be advised, the services and products described on this website are not offered to citizens of E.U. Member states, the united states, canada, japan, turkey and australia. AM globe services ltd and its products and services offered on the site www.Ambroker.Com are NOT registered or regulated by any U.S. Or canadian regulator and not regulated by FINRA, SEC, NFA or CFTC.

Best no deposit bonus forex brokers 2021

The brokers below represent the best no deposit bonus forex brokers.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Cysec, FCA, FSA(SC), FSCA, labuan-fsa

Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.

Your capital is at risk

Ctrader, MT4, MT5, proprietary

Dealing desk, ECN, market maker, no dealing desk, STP

Your capital is at risk

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Your capital is at risk

ECN, no dealing desk, STP

Your capital is at risk

Note: not all forex brokers accept US clients. For your convenience we specified those that accept US forex traders as clients.

Tickmill

Regulated by: cysec, FCA, FSA(SC), FSCA, labuan-fsa

Headquarters : 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ.

Tickmill was founded in 2014 and is regulated by the UK financial conduct authority (FCA), the cyprus securities and exchange commission (cysec) and the seychelles financial services authority (FSA).

The broker provides more than 80+ CFD instruments to trade on covering forex, indices, commodities and bonds through three core trading accounts called the pro account, classic account and VIP account. They also offer a demo trading account and islamic swap-free account.

GO markets

Regulated by: ASIC, cysec

Headquarters : level 22, 600 bourke street, melbourne, VIC 3000, australia

Australian brokers are definitely making a name for themselves in the trading arena as some of the most reliable, intuitive and forward thinking firms around. This broker is no different with a wide variety of tools, assets and reasonable trading conditions.

GO markets pty ltd an ASIC regulated broker has been in operation since 2006. The head office is located in melbourne, australia. With over a decade of experience, GO markets has grown to become a leading broker with a huge client base from over 150 countries. GO markets offers forex, share cfds, indices, metals and commodities for trading on the MT4 and MT5 trading platforms.

Roboforex

Headquarters : 2118 guava street, belama phase 1, belize city, belize

Your capital is at risk

The roboforex brand is operated by the roboforex group, and is located in belize. Roboforex began operations in 2009 and has grown in size and capacity. The brand offers over multiple trading instruments which include forex, stocks, indices, etfs, commodities, energies, metals and cryptocurrencies.

They also offer cutting edge platforms. Roboforex boasts of over 800,000 clients from 169 countries. They are both a dealing desk and non dealing desk broker offering ECN and STP trading accounts through their platforms. This means a different payment model to you the trader eg. Lower spreads for ECN accounts with some commissions to pay.

*leverage depends on the financial instrument traded and on the client’s country of residence.

Axiory

Headquarters : no.1 corner of hutson street and marine parade belize city, belize

Axiory was founded in 2012 and is a trading name of axiory global ltd which is authorised and regulated by the international financial services commission (IFSC) of belize. The broker segregates client funds from their own and offers negative balance protection. The company is also audited by pricewaterhousecoopers and is a member of the financial commission.

Users can choose from three types of trading accounts called nano, standard and max to trade on 80 different markets covering forex and cfds on indices, energies, stocks and metals. Axiory offers maximum leverage of up to 1:500 and also provides access to islamic swap-free accounts and a demo trading account. Users can also access data regarding execution times and slippage distribution for even more transparency.

Justforex

Regulated by: not a regulated broker

Headquarters : suite 305, griffith corporate centre, P.O. Box 1510, beachmont, kingstown, st. Vincent and the grenadines

Your capital is at risk

Justforex was founded in 2012 and is a brand name of JF global limited which is a registered company in st. Vincent and the grenadines. The broker offers 7 different types of trading accounts ranging from commission-free to commission-based accounts, islamic swap-free accounts and even ECN trading accounts.

While the broker offers more than 150+ asset classes to trade on, covering forex ECN, stocks, indices, commodities and bonds, access to certain markets depends on the account type opened. Justforex provides users with the globally-recognised metatrader 4 and metatrader 5 trading platform for PC, as well as the metatrader mobile trading app for android and ios users.

What is a no deposit forex bonus?

A no deposit forex bonus is a cash award that is deposited by the broker into the forex trader’s account, without requiring an initial deposit into the trading account by the trader.

Just like the deposit bonuses in forex (which require you to deposit first), the no-deposit bonus is used strictly for trading purposes and can only be withdrawn from the account on fulfillment of the broker’s trade volume requirements.

Typically, the no-deposit forex bonuses are not as large as the deposit bonuses. They range from between $10 and $200, depending on the broker. They are actually meant to introduce new traders into the world of real money trading and are not meant to be used for profit-oriented trading. Think of it as a form of live, real money practice account where you keep all the gains. If you lose money, you have lost nothing.

What should I do to get my bonus?

Most of the no-deposit forex bonuses in the market can be obtained as exclusive offers through affiliate partners of the forex brokers that offer them. The forex brokers who award the no-deposit forex bonuses directly are typically in the minority.

What is the difference between no deposit bonuses and deposit bonuses?

No-deposit forex bonuses do not require an initial deposit into the trading account before they are awarded. This factor distinguishes the no-deposit forex bonus from deposit bonus, which like the name implies, requires a deposit from the trader before it is awarded.

No-deposit forex bonuses are smaller in size as they mostly serve for live account practice.

What other bonus and promotion types do brokers offer?

Other bonuses and promotions may be given out by brokers occasionally.

The cashback is the commonest bonus which a trader can get. Although this requires that some previous deposit would have been made by the trader, cashbacks are a good way to earn back any money that has been lost in previous trades. These are provided by brokers automatically without requiring further deposits.

Trade contest awards do not require a previous deposit. You can participate in various trade contests on broker platforms for a share of the prizes. Cash prizes are usually awarded to traders as a no-deposit bonus. All you need is to ensure your account KYC documents are in place and you can claim your award if you win.

Some brokers provide traders with tools they need to trade with on fulfillment of certain conditions such as attaining certain trade volumes within a specified time frame.

Conclusion

Are you looking for the best no deposit bonus forex brokers for 2017? Here we show a list of these brokers which we have compiled after careful evaluation of various candidates. Ensure you use the no-deposit forex bonus wisely and use it to enhance your live account trading experience.

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 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.