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Best brokerage signup bonuses

These brokerage account promotions are among the best in the biz.

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Signup bonuses can help new investors choose a trading platform. Some have minimum deposit requirements, while others offer a bonus just for opening an account. While a signup bonus may not make or break your decision to open an account, it’s worthwhile to know which platforms offer the best signup perks in the industry.

Here are the best offers for the week of 9/14/2020.

Best signup bonus

TradeStation

TradeStation logo
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at TradeStation's secure site
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$5
Stock trade fee
$500
Minimum deposit

  • $5,000 when investors make a deposit or account transfer of $5 million or more into their Tradestation account.

Tradestation caters to experienced traders with commission-free stocks, top-notch charting tools, sophisticated screeners and third-party research. While it’s certainly not the most beginner-friendly platform, Tradestation makes a name for itself with award-winning analytics, extensive educational resources and a custom-built coding language for traders to back-test strategies.

Among the drawbacks? Traders complain of the platform’s high learning curve, high fees for low volume trading and limited access to international assets.

While its $5,000 cash bonus is an appealing perk, the $5 million minimum deposit may be challenging to meet. Luckily, Tradestation offers smaller signup bonuses for deposits below $5 million.

Signup bonusDeposit or transfer amount
$5,000$5,000,000
$3,500$2,000,000
$2,500$1,000,000
$1,200$500,000
$600$200,000
$300$100,000
$200$25,000
$50$5,000

Corporate bond trade fee $14.95
Option trade fee $5 + $0.50/contract
Mutual fund trade fee $14.95
Account transfer fee $125
Available asset types Stocks
Bonds
Options
Mutual funds
ETFs
Futures

Best signup bonus just for opening an account

Webull

Webull logo
Finder Rating: 4.4 / 5

★★★★★

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at Webull's secure site
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$0
Stock trade fee
$0
Minimum deposit

  • Get a 3-month free subscription to Nasdaq Level-2 market data when you open a Webull account.
  • Get one free stock valued between $8 to $1,600 when you open and fund a Webull account with at least $100.

Webull’s free stock signup offer is two-fold: when you open a brokerage account, you receive a 3-month subscription to Nasdaq TotalView’s Level-2 market data. And when you fund your account with $100 or more, you receive a free stock valued between $8 and $1,600.

While you don’t need a $100 deposit to open a Webull brokerage account, you need at least that to get the free stock.

Webull’s lineup of tradable securities is less expansive than many of its competitors, with investors limited to stocks, ETFs and options trades. But it doesn’t charge any commission fees, its research offerings are robust and it allows investors to open a paper trading account — an option very few platforms offer.

In addition to its two free stocks for new investors, Webull offers two additional signup bonuses:

  • Transfer fee reimbursement. Transfer $2,000 or more into your Webull account and Webull reimburses up to $100 in account transfer fees charged by your other brokerage platform.
  • Referral bonus. For each referral who signs up for a Webull brokerage account and makes an initial deposit of at least $100, you receive two free stocks valued between $8 to $1,600.

Intro or bonus offer For a limited time, get a 3-month free subscription to Nasdaq Level-2 market data when you open a Webull account and one free stock worth up to $1,600 when you fund your account with at least $100.
Option trade fee $0
Available asset types Stocks
Options
ETFs

Best free stock offer

Tastyworks

Tastyworks logo
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at Tastyworks's secure site
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$0
Stock trade fee
$0
Minimum deposit

  • Get 100 shares of stock with an average total value of $200 to $220 when you open and fund a Tastyworks cash or margin account with at least $2,000.

Tastyworks’ signup bonus offers investors 100 shares of stock that are randomly selected from a collection of 11 stocks priced between $1 and $6. The value of the stock is credited to the investor’s account but will not count toward the investor’s buying power until three months have passed.

Investors new to Tastyworks can fund their account with as little as $1, but any investor keen on the platform’s signup bonus will need to deposit at least $2,000.

Tastyworks is a derivatives-focused trading platform that offers access to stocks, ETFs, options and futures. While not the most beginner-friendly of platforms, its comprehensive research offerings and live access to Tastytrade programs makes it a viable option for active investors seeking options trading.

Intro or bonus offer Fund your Tastyworks account with at least $2,000 to receive 100 shares of stock.
Option trade fee Stocks & ETFs: $1/contract to open, $0 to close, $10 max/leg
Futures: $2.50/contract to open, $0 to close
Futures trade fee $1.25/contract to open, $1.25 to close
Available asset types Stocks
Options
ETFs
Futures

Compare all signup bonuses

As of 9/14/2020, these are the signup bonuses available at 20 of the most popular brokerages. Each platform may have slightly different requirements for what they consider a qualifying deposit. Read the terms before you sign up to make sure you qualify for the bonus.

Provider Highest signup bonus Requirements Lowest signup bonus Requirements Learn more
Ally Invest $3,500 Deposit or transfer $2,000,000+ $50 Deposit or transfer $10,000–$24,900 Read review
Charles Schwab $500 Make a qualifying deposit of $100,000+ in cash or securities $100 Make a qualifying deposit of $1,000–$24,999 in cash or securities Read review
Chase You Invest $725 Fund with $250,000+ $200 Fund with $25,000–$99,999 Read review
E-trade $2,500 Deposit or transfer $1,000,000+ $25 Deposit or transfer $5,000–$9,999 Read review
Fidelity $200 Deposit $200+ $50 Deposit $50 to $99 Read review
Firstrade Get Up to $200 in Transfer Fee Rebates Open an account and transfer at least $2,500 in securities N/A N/A Read review
Gatsby N/A N/A N/A N/A Read review
Interactive Brokers N/A N/A N/A N/A Read review
Merrill Edge $600 Deposit qualifying assets of $200,000+ and use offer code 600ME $100 Deposit qualifying assets of $20,000 Read review
Robinhood Free stock (chosen randomly with a value anywhere between $2.50 and $200) Sign up using the promotional link N/A N/A Read review
SoFi Invest Up to $1000 in free stock of your choice Download the mobile app, open an account and play the claw promotion game. Prizes range from $5 to $1,000. There's a 0.028% chance of winning the $1,000 prize. $5 in free stock of your choice Download the mobile app, open an account and play the claw promotion game. There's a 85.488% chance of winning the $5 prize. Read review
Stash Invest $5 Add at least $5 to your Invest account N/A N/A Read review
Stockpile Get $5 of free stock Buy a stock on Stockpile N/A N/A Read review
Tastyworks Get 100 shares of stock (worth $1 to $6 a share) Open and fund a new cash or margin account with $2,000+ N/A N/A Read review
TD Ameritrade $2,500 Deposit $2,000,000+ $350 Deposit $250,000+ Read review
Tradestation $5,000 Deposit qualifying assets of $5,000,000+ and use promo code CASHAFRV $50 Deposit qualifying assets of $5,000+ Read review
Vanguard N/A N/A N/A N/A Read review
Webull Get a free stock valued between $8-$1600 Open an account and deposit at least $100 3 months of free NASDAQ Level 2 market data Open an account Read review
Wellstrade N/A N/A N/A N/A Read review
Zacks Trade N/A N/A N/A N/A Read review
Disclaimer: The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Bottom line

When selecting a brokerage account, consider its tools, fees, asset classes and more. Signup bonuses may be appealing, but consider your options across multiple platforms before you make a decision.

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